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


To: wallstreeter who wrote (2783)8/14/1999 1:12:00 PM
From: Threei  Read Replies (1) | Respond to of 18137
 
Wallstreeter,
RT III allows you to link different windows so you can type in the symbol in, let's say, level 2 window and have chart and T&S switched to this symbol automatically. Unfortunately, not being RT III current user I can not give you greater details but it shouldn't be hard to find out browsing software or asking MBT representatives (they are extremely supportive).
I wouldn't try to tell how I would play stocks you played...
You see, when you look at chart and think what you would do at some point, it's absolutely clear: of course you would buy at the bottom and sell at the top <G>. Not that easy when you have to make your decision at the right edge of chart. Try the following experiment: have someone to print out 10 intraday charts of volatile stocks, cut them in half and hide the right halves from you. Then look at the left halves and extend chart pretending you are trying to foresee what stock should do next couple hours. Compare what you draw to what happened. If your version will be correct in 5 cases out of 10 - wow! :)
About choosing stocks to play... ask yourself if you have sound system to go with. Trading something just because it's popular name isn't good idea usually. There are plenty of systems to be utilized, many of them were discussed right on this thread. May be it's a good idea to hang for a while in some of the chat rooms that have sound strategies. I would name Momentum Trader and Pristine for instance.
You can look at their systems on websites, I won't go in greater details here (could sound as soliciting). :)

Good luck

Vadym