To: Dale Baker who wrote (55270 ) 4/28/2000 5:48:00 PM From: 1-DAY-TRADER Read Replies (1) | Respond to of 122087
I agree Dale, MARGIN WILL EVENTUALLY KILL YOU ... never again margins,NEVER AGAIN averaging DOWN ..maybe averaging UP on a short sell during a day trade. stop losses are extremely important ... The 2 most successful methods of shorting are as follow: 1) either you have a research on a stock that is being a fraud or pumped to be dumped for warrants or whatever ... 2) or, you day-trade on momentum with in the range, but i found shorting stocks at a high within that range usually pays off well, if you do not get greedy, if you have descipline, and if you have a quick executing trading system ..like AB Watley TREES CAN NOT GROW TO REACH THE MOON ... that is why trading on the short side is much safer than on the long side, as it could be falling knife :) Flipping is also important ... i sometimes sell 20% short ...then when it falls sharply, i cover 40% , thus going long with 20% just for a bounce of a point or 2, then dump it again :) i just did this today :) Networking is also very helpfull ... that is why i created my thread " cooperative group-trading" : to help share idea's for the day Subject 28761 For example, I bought LONG some KEM @ 62 beased on Rajiv's rec. I also bought "LONG" some MWAV ( based on Tom Hua's rec.) @ 4 1/2 coz it was selling at less than the book value A@P threads used to be the greatest idea resource for a lot of great calls till A@P went private ... now, you hardly see any good calls there. Do not get me wrong, I plan to join A@P's private thread, but i would still read and post my own calls on my thread for free :) I hope you do much better Dale. You deserve it too coz i know you have been around here for a long time. Best Regards, 1DT