Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 183.94

-0.6%

10:09 AM EST

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To: Vicrobi who wrote (1173)	12/7/1998 8:11:00 PM
From: Trader J	Read Replies (1) of 56535

Vicki, it really depends on what your goals are. I will tell you that I usually use a base of 50K to trade with as I feel that amount allows me to play at least two significant position while also keeping a small amount to play surprise news plays or alerts. Everything that I make above 50K I keep aside or give to the wife. Or, usually, I set goals like "The next 10K goes to two 5K mutual funds for long term". You can trade with any base that you like. First, realistically set what your daily goals are and then do some quick calculations to determine how much of a stock you would need to own in order to achieve that goal and how much of a move it would have to make. I usually stick with stocks between $5 - $20. I will also trade $20-$50 stocks on occassion if they look good for a quick point or two. How much were you thinking of starting with? Good luck TJ

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