DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: sherry who wrote (64)	6/6/1999 12:20:00 PM
From: KM	of 18137

I don't like them because often they're talking about stocks I've never heard of and know nothing about. I have a small basket of about fifteen stocks which I know the fundamentals and charts of, watch and trade every day, day in and day out. It's not sexy, like chasing the RBAKs, NTBKs, etc. but I feel like I'm on familiar ground in these. The worst losses I've had have been playing news stories, backdoor ipo stories or other things in stocks I am not familiar with. So, I have decided to stick with my little basket. It makes a nice living. Sometimes, I'll do 200 shares of something like YHOO or something like that if it's really got heavy momentum but I always sell out of those early. I played the YHOO earnings run and sold for the last time at 232, missing ~12 more points. I would recommend that you look at Alan's site though at his daily scans (7 Bells). I have traded some of those and done well, even when I didn't know the stocks: hardrightedge.com Re the loneliness of being at home trading alone, I do that too and have two trading partners who I communicate with on ICQ all day. That helps. This is why I am so intrigued by Eric's scanning of all the Nasdaq stocks.

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