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


To: SteveJerseyShore who wrote (2871)8/15/1999 3:52:00 PM
From: TheKelster  Respond to of 18137
 
"Daytrading is best left to the experts."

I am sure you meant this and the rest of your post as a satire, right?

I began day trading with a 486, a 15" monitor, and a 14,400 modem. I used 20 min delayed, 5 minute charts, from Big Charts (one minute charts were not available back then). I got my "real time" quotes one at a time every couple minutes or so from a thing C-Schwab had in 96 called E-Schwab. It predated their internet based operation.

I would set 2-5 stocks up in a little spread sheet looking thing and punch the button for an update every 2 or 3 minutes. When things got hot, I punched it every minute. I would take a paper printout of the Big Chart and manually add my new data to produce my own hand made "real time charts".

Can you imagine trying to day trade by sampling one, random, sale every 3 minutes?? Ahhhhh, but I was younger back then, inexperienced, green, a babe in the woods, a mere child. I had no business day trading. I guess, well perhaps, yes, I was just a fool.

The more things change the more they stay the same. :-D

KK