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

To: Robert Graham who wrote (7517)	3/19/2000 7:44:00 AM
From: gaj	Read Replies (1) \| Respond to of 18137

bob - rudd doesn't have any indepth stuff on money mgt, other than the typical "don't do more than you can handle", and talking about the points you can give up on a trade (ie. scalping 1/8, and longer term plays, slightly more). but i think most of the money management comes back to "trade what you can handle"; if you're in RMBS, for example, 1/4 point stops just don't cut it. i took on 3 positions friday morning, and i normally only take 1, sometimes 2 if the '1' is going slow / my way. what i managed to do was nullify ALL my trades, because i couldn't follow them with the attention i needed to, and turned profits into losses. just another lesson learned... i agree that trading by the minute is ross' best book...