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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Ken Wolff who wrote (1550)10/3/1998 6:09:00 PM
From: ozzi  Read Replies (1) of 2120
 
Ken,
I for one appreciate this thread. Because of my amateur status in trading, I do not have a lot to contribute. Unless you want to talk about bad trades and how hard it is to keep stops when one starts to go against you and how hard it is to pull the trigger on a dumper thinking it may drop even more.
Trading stock is more of a psychological challenge then I originally thought. However, I have found that if I concentrate on a stock and its movement and not look at it, as money, (where I need to be to pay commissions and reasonable profits), my results are better. I also know that you constantly preach this, but much easier said then done.
I am currently reading your book again and all the class notes. When completed and hopefully much more knowledgeable, I will have the confidence to join the trading room again. Meanwhile please keep sending your morning calls, (two out of three this week), and classroom notes.

Thanks,
Gary
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