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

To: KM who wrote (5167)	11/3/1999 6:28:00 PM
From: bluejeans	Respond to of 18137

Don't sale 100% at one time.

To: KM who wrote (5167)	11/3/1999 6:59:00 PM
From: TraderAlan	Respond to of 18137

KM, You're complaining about these gains? As a friend says: you get what you get and you don't throw a fit <g>. If you capture a piece of a trend consistently, it's a good day. If you want to position trade, trade less and go for the larger pieces. Personally I don't have a clue how far a trend will carry. Never have and suspect I never will. <you'll be seeing me on Jerry Springer soon mudwrestling with some trailer trash> I think I'd enjoy seeing this so keep the stress up and maybe we'll get lucky. Make sure to let us know the time so we can get the VCRs ready. lan

To: KM who wrote (5167)	11/3/1999 8:04:00 PM
From: Cormac	Read Replies (1) \| Respond to of 18137

KM - What size are your positions? An essential to subjectively look at your trading. I don't see any problem to be solved but again I do not use $/points as judge/jury of my trades. What prevents you from re-entering the trade...seems that exit and re-entry is a basic *fundamental* of daytrading? I don't mean to nit-pik your post/ the conclusions that I draw might be in error...you might just have a certain style and word usage but...you used the word but at least 4 times and used the words mistake, horrible, disgusting, sheesh to describe successful trades. IMO this seems to indicate that you are spending a lot of time second guessing your trades (IMHO - different from objectively gleaning wisdom from past trades) with a good deal of emotion. IMHO a recipe for sure disaster. this is not meant to be a personal criticism...as I believe this is something that is *fundamental* to all daytraders. To the thread in general...what size positions do people generally trade...I remember a recent post where a trader was talking about averaging down with sub 100 share lots. Do a lot of traders on this thread trade in sub 300 share lots. I will not trade in any size under 300 shares...my research and tracking shows me that if I trade well then a minimum of 300 share lots insure that at the end of the day I will be in the black. I watch time and sales and will only trade a stock and lot size that I can efficiently execute...must give credit where credit is due...the tenet I just stated I learned from Vadym...as I tell others what is the point to trade a stock in which you are not confidant/comfortable with your ability to execute entry/exit with efficiency. I try to match share size with an expectation of efficient entry/exit with 1000 shares as my optimum starting point and 300 as my minimum. Having said that I will and do trade some IPO's in lots that range from 100 - 300...rarely above that...I will only trade an IPO with size that I can efficiently execute (relative term when dealing with an IPO). Anybody care to offer some feedback...we might want to leave the IPO subject alone as that doesn't fall under DAYTRADING Fundamentals IMHO Respectfully, Cormac

To: KM who wrote (5167)	11/3/1999 8:34:00 PM
From: Mark Davis	Read Replies (3) \| Respond to of 18137

The simple answer is this. Bad week to use as an example. If you had any notion that the moves in the last 5 days would carry this far without a major pullback, you'd also be on your way to Tahiti for life. I'm hearing a lot of talk on how easy this game is all of a sudden. Wait a few moments, it will get hard again soon enough.

To: KM who wrote (5167)	11/3/1999 9:33:00 PM
From: Threei	Read Replies (2) \| Respond to of 18137

Can't remember the source... but here is the quote: Wall Street is full of rich people that complain about selling too soon... and there are even more poor ones who explain them why they should not sell... <GGG> Vadym

To: KM who wrote (5167)	11/4/1999 2:04:00 AM
From: Richard Estes	Respond to of 18137

The past is gone. The only useful thing for the past is to determine why you chose to exit. Were you using a system? Then you need to review variables. Using the seat of your pants? You need a system. You might start looking at longer time frames on charts and indicators. The longer support and resistance levels may help you foresee truer stopping points.