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

To: Robert Graham who wrote (2293)	8/2/1999 2:44:00 AM
From: -	Read Replies (1) \| Respond to of 18137

[re:www.tradehard.com Bob, I agree with your comments about tradehard.com... I took Boucher's on-line course, it is solid stuff and I hear good things about him from people that have taken his seminars. What troubles me is that a guy that senior could publish an analysis of the net sector where half the stocks he mentions are not net stocks... what that says to me (although I think his analysis of the net sector indices is basically accurate from a T.A. perspective, if perhaps a bit one-dimensional and lacking insight from news, macro factors, etc.), he is really a futures trader (or, maybe a fund manager) clothed in daytrader sheep's clothing, trying to appeal to the daytrading masses? Maybe... otherwise judging by this article he isn't very close to what he writes about (not so much T.A., but hot tech stocks and the net sector in particular)... hmmm. How many net stock daytraders or swingtraders do you see looking to ADBE, SGI and QCOM as key internet stocks that have "held up", thus supporting the sector? Duhh... :) Haggerty is another one I can't figure out. Here is a guy who is formerly a VP at Fidelity (running roughshod over their massive stock trading operations) posturing himself as a died-in-the-wool (albeit, listed issues only generally shadowing the institutions) daytrader... with a bunch of setups all having unique little names of his own kind of like Cooper's... hmmm. Is this for real? Surely he knows a lot, and probably can day trade very well, but how much daytrading experience do you get while running Billions as a VP at Fidelity in Boston? Maybe someone else on thread has the answers. Haggerty is clearly good at calling the open, and definitely has something to offer as far as daytrading technique (especially for the neglected but fertile NYSE), but I find myself tuning him out because of the "dissonance". IMHO, he clearly needs to either fess up, or be "re-positioned" if he's going to be one of our Guru's :) ... Now Cooper is another story - the real deal. He is practicing a very sophisticated form of daytrading. He doesn't need or want Level II, and he's always protected by stops/trailing stops. The challenges adopting his techniques are many, and it is a lot of work, a real load to trade "Cooper-style" day in and day out. But, he is very good, an impressive day-chart stock analyst and winning trader. I've followed his material for years, and continue to take his overly-expensive fax's, even though except for rare occasions I don't trade his setups. I'm more nimble intraday with 1/5/15/30m charts+Level II, and have an overabundance of my own setups now, but I still enjoy his writings and teachings ;) -Steve