Fatty's Donut Shop Message Board

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Strategies & Market Trends : Fatty's Donut Shop

KKD 21.00

0.0%

Aug 4 5:00 PM EST

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To: Matt Brown who wrote (1315)	5/19/1999 5:20:00 PM
From: Jeffrey L. Henken	Read Replies (1) of 5041

Matt, you are master of your own trading fate. Market makers can and do take advantage of unsuspecting investors. I'm still not using level II and I recognize a lot of what is going on despite that fact. Winning the "Wire to Wire" competition is particularly challenging because it strips away the opportunity for a daytrader to simply make money off of momentum, or a gap up, over the previous day's close. Sure you can call your sell point but you can't win the competition unless your stock closes at a higher percentage gain than at the end of the day than all others in the contest. Obviously that does not mean you cannot take a profit along the way. Besides we are all winners just for competing. Thanks, Jeff

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