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

To: Richard Estes who wrote (1959)	7/18/1999 6:36:00 PM
From: Eric P	Respond to of 18137

Richard: You are entirely correct that low volume, low priced and slow moving stocks are not typically profitable stocks to daytrade. In fact, I would look twice at any stock priced below $5/share. With this said, I thought KK's post on IFLO was an educational post. Without my even pulling up a chart or looking at the stock, I believe he provided much to learn from. Looking at the forest and not the trees, my take from his post (#reply-10552923) was that there are no easy answers and no guaranteed trades. All traders have to look at the available information and make their decisions based of the odds and probabilities that they see. Any particular trade could be a winner or could be a loser, but you must trade in accordance with the odds and probabilities that you learn from experience. No trade is foolproof. It reminded me of my "Good Trades, Bad Trades, Winning Trades, Losing Trades" post (#reply-10115700). Who is hyping and who is not? This is a difficult question. My gut says, "If it looks like a hype and smells like a hype..." Basically, we all know hype when we see it. If anyone notices "hype" posts on this thread, please respond to the poster to refrain from hyping. It may save me from developing a deeper 'thread police' reputation! Good luck, -Eric

To: Richard Estes who wrote (1959)	7/18/1999 8:53:00 PM
From: TheKelster	Read Replies (1) \| Respond to of 18137

Hi RE. I am glad you jumped in. I like your questions. The answers to those questions seem to be the quest of this site. If a dead up black and white answer existed it would already be in print. We would all have no need for this site or any other information. We could just put our money in and take our profits out. For most of us the true, hidden, answers to those questions can only be discovered through experience. Experienced traders can expound on their theories, share their experiences, or provide an analysis of any stock thrown on the table. In so doing they often discover insights into their own trading problems. New traders can listen to the theories and the experiences, but they learn faster by putting some real money (often very limited amounts) into the market. The analysis of a stock they pick will at the very least expose them to the depth of the work that will be required for long term success. "Good judgement is a result of experience. Experience is a result of bag judgement." KK

To: Richard Estes who wrote (1959)	7/18/1999 9:08:00 PM
From: Joe Pirate	Respond to of 18137

>>Should a daytrader focus mainly on intraday charts? Daytraders should focus on the stock and use charts to track the stock movement when they are staring at the monitor <g> >>What is a good daily range on a stock for daytrading? Goes back to "GREED" and "RISK" factor...... >>What is acceptable volume? Who cares, as long as your strategy works........... >>What filters can be scanned to build a stable of stocks to daytrade? Keep it simple....... >>What Price range produces best returns? Goes back to "GREED" and "RISK" factor...... Time to make some mullah !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Pirate

To: Richard Estes who wrote (1959)	7/18/1999 9:13:00 PM
From: Eric P	Respond to of 18137

Should a daytrader focus mainly on intraday charts? What is a good daily range on a stock for daytrading? What is acceptable volume? What filters can be scanned to build a stable of stocks to daytrade? What Price range produces best returns? All traders are different, but I'll answer my opinions on your questions. I believe that the best daytraders mainly focus on intraday charts, but also keep the support/resistance points in mind from the daily charts as well. In terms of daily range, volume and price, I primarily focus on stocks with a range of at least 2 points (either today or average), volume of at least 500k shares and a price of at least $10/share ($20+ preferable). Good luck, -Eric