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

To: E. Davies who wrote (5325)	11/10/1999 9:09:00 PM
From: Magnatizer	Respond to of 18137

Eric cqg.com get the satellite version. I am doing a trial on their online version which has not gone down but has had network congestion problems. Their satellite version is what my brokers at Refco use and they handle REAL money. ht david

To: E. Davies who wrote (5325)	11/10/1999 9:48:00 PM
From: Dave O.	Respond to of 18137

< Does anyone have a methodology that involves "quit while you are ahead"? Today I was up $1600 at 1pm, enough to call it a good day for me. By the end of the day I lost it all > I have a profit objective each day. If/when I hit that goal I'm done for the day. To me it's just like developing discipline when trading. Just as one should know when to exit a position I feel one also needs to know when to call it a day. No reason to be greedy. There's a lot more to life than trading/money. I've done exactly what you described above in the past. Why? Probably greed. And I learned my lesson. Dave

To: E. Davies who wrote (5325)	11/11/1999 4:47:00 PM
From: $Mogul	Read Replies (1) \| Respond to of 18137

Okay guys I have decided on CyberTraderXPlus for now.... I am subscribing to a data server which do you like best QCharts, eSignal, DTNiq or PCQuote.. QCharts is the best..?? Any thoughts..?

To: E. Davies who wrote (5325)	11/11/1999 6:50:00 PM
From: cloudless	Read Replies (2) \| Respond to of 18137

Hi Eric, I'm new to trading and I sympathize with your question. One of the (many) books I've read said one has to be very clear if they are trading or investing. I think I confuse the two - not wanting to get called out on a stock or thinking it will begin to edge up "soon" because the stock is "a good one to own". One of the books said one has to have a system and if one doesn't know what their system is then they don't have one. LOL Part of having a system would be a definitive approach to cutting losses and taking profits. I'm pretty good at setting an 8% loss tolerance and once it hits that I'm out -- but I haven't figured out how to know when to take profits so then I watch my profits fizzle out. If you figure out the right answer let me know okay! Thanks, Cloudless A sort of related topic: Does anyone have a methodology that involves "quit while you are ahead"? In other words sometime during the day if you feel you have done well enough just stop trading. Today I was up $1600 at 1pm, enough to call it a good day for me. By the end of the day I lost it all, barely making enough to cover the commissions. Really felt like an idiot. Eric