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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: darline cook who wrote (84284)	1/3/2000 11:16:00 PM
From: charlie mcgeehan	Respond to of 90042

if i understand you correctly i might add: don't execute a trade during the first half hour as that tends to be a volatile time.(easier to get stopped out). picking an exit point is often the most difficult for traders. if your stock runs 5 points you may want to consider increasing your stop to lock in profits should the stock drop or sell a portion of the stock and let the remainder run. either way its always nice to know that you have locked in a profit for the day.. if you are actually daytrading i hope you have all the tools such as level II because if you don't its very hard to be profitable. i used to daytrade but found it hard on my nerves. i position trade now (usually from 1 week to 3 or more months). the research i do plus the longer horizon means i fall asleep easily every night. but for each their own. i'm sure if you are daytrading with tim you will do very well. he is unconventional but he is very good. best to you darline and let me know if i can help again charlie