Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: wallstreeter who wrote (2734)	8/13/1999 4:25:00 PM
From: Rick Faurot	Read Replies (1) \| Respond to of 18137

ws, congrats on your first day of trading. I wd echo something S$ said: Trade in 100 share lots. I would also pick out some quality stocks that trade at least 3 million shares a day so that you have enough liquidity to bail on positions with a reasonable stop loss. And just because you have an active account now doesn't mean you have to trade every day. My last trade this week was on Monday, a modest winner. I didn't like the market the rest of the week so I took notes and watched and I feel fine about that. best of luck with your trading career! Rick

To: wallstreeter who wrote (2734)	8/13/1999 6:29:00 PM
From: Eric P	Read Replies (1) \| Respond to of 18137

Congratulations on your first day. Perhaps you could give us a recap on your first day of trading. It might benefit other new traders to realize that their experiences aren't isolated. How many trades did you make? How many winners/losers? Can you think of any specific 'mistakes' that you made and hope not to repeat? Any other lessons you might provide to someone who will be trading their first day next week? I wish you the best and hope you have a quick and productive experience developing into a fine daytrader. Good luck, -Eric

To: wallstreeter who wrote (2734)	8/13/1999 10:48:00 PM
From: TraderAlan	Read Replies (1) \| Respond to of 18137

wall, If you'd like, post your trades with as much detail as possible and perhaps someone can throw kind critiques in your direction. Alan

To: wallstreeter who wrote (2734)	8/14/1999 9:24:00 AM
From: TheKelster	Read Replies (2) \| Respond to of 18137

Welcome to Wall Street, wallstreeter. IMHO one of the finest books on trading (or life) was written by Ralph Parlette. "The University of Hard Knocks, The School That Completes Your Education". Chapter One: The Greatest School, page one: The Greatest School is the University of Hard Knocks. Its books are bumps. Every bump is a lesson. If we learn the lesson with one bump, we do not get that bump again. We do not need it. We have traveled beyond it. They do not waste the bumps. We get promoted to the next bump. Some of us learn to go forward with a few bumps, but most of us are "naturally bright" and have to be pulverized. The tuition in the University of Hard Knocks is not free. Experience is the dearest teacher in the world. Most of us spend our lives in the A-B-C's of getting started. We matriculate in the cradle We never graduate. When we stop learning we are due for another bump. There are two kinds of people---wise people and fools. The fools are the people who think they have graduated. KK