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

To: jjetstream who wrote (5877)	12/7/1999 6:11:00 PM
From: cloudless	Respond to of 18137

>>using E*Trade...talk about painful... jjetstream<< You are right about that!! Really painful. I wrote Kathy Levinson twice. I know she hates it when customers write her but whenever I get particularly perturbed I write her a letter to tell her how the software is slow and the system response time is bad and they really shouldn't try to advertise as an "active traders" brokerage. She made a big mistake the first time I wrote by answering me back and copying their VP of marketing. I took that to mean she was really interested in real customers' experiences (LOLOLOL). One of these days (tomorrow??) I'm going to get busy and set up an account with someone else. Cloudless

To: jjetstream who wrote (5877)	12/7/1999 6:24:00 PM
From: cloudless	Read Replies (2) \| Respond to of 18137

"always take profits" is what I've learned in my eight months " Yes, I'm learning that too - learning it painfully. The other day I watched AWRE go from 45 3/16 (I'd bought 400 at 44 3/16) all the way to below what I paid for it. I bought it on 11/23 and then wasn't able to get filled that afternoon because of ETRADE at the price I wanted. Well you know what - that happens. But instead I didn't want to dump it at a small (1/4) loss so I took it home. Well I've been taking it home every night since 11/23 and it totally paralyzed me until today when I saw an opportunity to get out at 44 15/16 and took it. Because I'd had it a few days my brain kept telling me that it needed to go up multiple points to "make it worth it". I actually had a GTC order in at 51 for a couple days. Then I got reasonable and put it in at 47. Today I got really reasonable and sold it at 44 15/16. Not a bad profit (44 15/16 - 44 3/16 * 400) at all ~ for a day trade ~ problem is, it wasn't ~ it was a 10 day trade. Learning, I'm learning... it's just slow....... Cloudless