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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: - who wrote (877)	6/17/1999 12:28:00 AM
From: Maarten Z	Respond to of 18137

Steve - trading AMZN Agree that a trending day is much easier. Friday, Monday and today are good cases in point. On volatile choppy days I usually make a point to see if the NASDAQ Comp Index mirrors the top tier net stocks, if they are the major driving force, then I will use a 1 min chart overlapping charts of the index with YHOO and AMZN to get confirmations of reversals. This seems to be fairly reliable. Never daytraded EBAY (other than a few occasions) but tried my hand at PCLN a few times. Got bitten a few times. The spread is often so wide that if you misstime the entry and it goes against you - ouch! From now on if I see a play there I'll try to get in during a narrow trading range bidding against some moderate selling. Good Trading MZ