DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Eric P who wrote (20)	6/6/1999 12:15:00 AM
From: Bilow	of 18137

Hi Eric P; Great statement on paper trading. Too many people try to learn day trading without having some sort of system to follow. I have spent a lot of time paper trading, and have been thinking about devoting one day each week to paper only (in order to try out new ideas.) I have found one trading technique that I think would translate from paper to real trading without much slippage. The idea is to only make buys or sells when the stock has stabilized and the spread gone to 1/16th. (Using DELL, MSFT, or INTC for instance, i.e. large, liquid stocks.) You then make a bet on which way the next move is going to be in. I suspect that always betting against the most recent move would be profitable... (Unfortunately, I have a tendency to take relatively quick and small profits and losses, so I would have to radically modify my behavior to make this work. Maybe paper trading would allow me to safely explore this...) -- Carl

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