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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (47292)	12/5/1999 3:36:00 AM
From: Dale Baker	Respond to of 122089

As you know very well, the trick is to get into Pokemon or whatever and be out while everyone else is still pouring in more. You are probably right about the frantic daytraders that do 20-40 trades per day. You can't take a precise approach when you are spraying your trades around like a .50 caliber machine gun. This year I have had great success with what I call "Daytrading Lite". I may trade 4-6 times or not at all on a particular day, because I only trade when I see the setup I like. The right-wrong ratio is the trader's usual 60-70%. But good cash management turned daytrading into my leading source of profit for 1999. I outlined the approach in an article on Tiger Investor in September. Hopefully it will be useful in this very interesting long-short debate we are having (a rational discussion for once). tigerinvestor.com It's worth hitting the Archives button and reading my "Hey Shorty!" series too.