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

To: ynot who wrote (4797)	10/9/1999 3:10:00 AM
From: Richard Estes	Read Replies (1) \| Respond to of 18137

Yes I only trade stocks that have been in the top 100 fastest trading stocks. Sometimes you can't get on, you need to see what I call "matching" going on - the same size trades one after the other.see a 1000 and another 1000 shares come on T/S at same time. I GUESS because we don't have slightest idea what is really happening that MM steps aside and lets you take trade from others. I depend on Support and resistance levels using Gann and Fib. I try to picture reactions at different price levels and where they will slow or speed up. So I know where I want to buy and where I might sell. I am ready for move. There are always slow downs and profit taking, these offer entries and exits can come when resistance is met. I don't use Level II or watch indices. I try to keep my eye on the prize - PRICE. I use a net broker, no ECNs, all limit orders, only on Nasdaq stocks. Most like me for any years never tried it, thought it couldn't be done consistanly