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

To: cloudless who wrote (5334)	11/11/1999 7:40:00 PM
From: E. Davies	Respond to of 18137

"reasonable" is exactly in the mind of the beholder. When I enter a trade I try to have an expectation of what I intend to happen with the trade. Am I trying to catch a quick 1/2-1 point bounce? Am I trying to catch a bottom and hope it turns? Catch a breakout? Let it run all day? Am I holding overnight? etc. My intention is to have an exit planned before I enter. If the stock fails to behave to plan get out. At least so goes the theory. "The plan" is dependant upon the situation and developed through experience. Give me a type of trade and I'll give you my opinion as to roughly how it should flow, but it needs to be tuned to your skill level and tool capabilites. Eric