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

To: bajasurf who wrote (1901)	7/15/1999 8:27:00 PM
From: EepOpp	Read Replies (1) \| Respond to of 18137

To all: this is a link on how Institutions go about influencing a day's price action. Message 10527453

To: bajasurf who wrote (1901)	7/16/1999 5:32:00 PM
From: Paul Viapiano	Read Replies (1) \| Respond to of 18137

<<<<How do you screen quickly which stocks you will trade? How do you determine entry and exit points? Which online charting service provides the best tools for short term traders? Also, which brokerage firm do you prefer for trading?>>>> ------------------------------------------------------------- I usually like to play larger cap stocks over $25 although I will occasionally daytrade a lower-priced one. I like to keep my watch-list universe to around 25-35 stocks and will occasionally bump a couple to make room for those that seem more promising. This restricted view helps me stay focused rather than looking at 300 tickers and trying to get a read on all of them. I determine entry and exit points on a macro level from the daily chart looking for breakouts, mini-breakouts, pullbacks on strong stocks, important support and resistance points, etc. I'll use 5 minute charts and Level 2 for micro-managing the entry and exit. I'm currently using eSignal for RT quotes and charting and use Datek with a custom front end for trading. Not the dream machine but very quick and reliable 98% of the time. Paul