Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 177.77

+1.6%

9:54 AM EST

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To: MMK who wrote (7679)	2/4/1999 3:41:00 PM
From: Trader J	Read Replies (1) of 56535

MMK - Hang in there. This is a difficult market to trade right now with the NAS down 60+. Need to be careful about what you buy and when in this type of market. If you chase many of the stocks that have done really well intraday, in this down market .... I would not trade them until about 3:45 EST. You never know when the profit taking will set in. You have to watch the volume along with the move of the stock. Some of the big gainers on the day will not get weak into the close...those are the ones that you want. I only traded PWCC intraday because of the large spread that was offered. In this type of market, do your best to get in early, and not trade until...either something changes, or until 3:45. Some days, you can do nothing right. Yesterday, I couldn't make a good trade to save my life... lost commissions and a few 1/8s on every trade. Until I gave up at 3:45. Then in the last 15 minutes, everything I owned went up and I made 5K. Just don't force it. TJ

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