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

To: Bilow who wrote (4196)	9/19/1999 6:12:00 AM
From: Matthew L. Jones	Read Replies (2) \| Respond to of 18137

Carl, Am I missing something? I keep reading references to "quick draw" traders and I must confess, I sit here and scratch my head. It seems that I would rather be out of the theater when the fire starts than be the fastest runner racing to the door when they yell "FIRE!". Could some others comment as well... do you find that lightning fast fingers is what makes you money? I generally have plenty of time. I sometimes (emphasis on sometimes) miss an opportunity because I was the last guy getting to the party, but I figured that was my fault for not reading my invitation. Matt

To: Bilow who wrote (4196)	9/19/1999 1:09:00 PM
From: Threei	Read Replies (1) \| Respond to of 18137

Scalping... also (if done profitably) probably provides the highest return for a small account size. Really interesting topic, I expect many different opinions on this matter :) My personal experience of recovery after heavy loss with small size account convinced me that solution lies somewhere inbetween. Not pure scalping, not holding for multipointmove (which is not my approach at all). Rather selling on the first sight of weakness, or even momentum slowing, with rare exceptions when buying is that huge and "event-supported" that small pullback can be ignored. This approach helps to build-up small account to the point where bigger risk can be afforded. Vadym