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

To: OZ who wrote (3695)	9/7/1999 10:19:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 18137

"Price--At least $30 per share, and the higher, the better. As I stated in Hit and Run Trading I, it is easier for a $60 stock to rise 2 points than it is for a $20 stock (common sense)." Very common. On a 2 point move, $60 stock is 3.3% move, $20 is a 10% move. Percentages count. lets say you have $60k, you can buy a 1000 shares of $60 or 3000 of the $20 stock. On one you would make a $2000, the other $6000 on the two points. "But what is the goal of the market? Simply put, the market wants you to lose money" The market doesn't know you are alive, it cares less if you win or lose. If you deal in active stocks, nothing you do makes a difference.