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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Daveyk who wrote (27648)	12/21/1999 11:12:00 PM
From: AlienTech	Read Replies (2) \| Respond to of 43080

Dave do this, Buy 100 shares of stocks under 40.. You of course have to pick entry properly.. IE SMRA under 14 looks good.. keep adding every few days when the price is +/- 10-20%.. Once the price hits a resistance point, sell some shares.. If you are patient, stocks like SMRA/INIT always bounce 10-20% in 2 days and sudden jumps always causes them to go back and fill the gap.. You will learn the trading pattern easily and make some money easily.. do not get greedy.. and you loose most of your profits in commisions.. But they, that how you get the bottle of wine from your broker! You could pick a momentum stock like DELL and scalp 1/4 easily every few hours.. But that requires you to sit and watch the market, and other stocks and indexes as well.. OR You could be smarter than me and just buy 100 shares or so of stocks I mention here and in a few years retire when you sell it..