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

To: booters who wrote (8085)	4/29/2000 10:58:00 AM
From: Dominick	Read Replies (1) \| Respond to of 18137

booters: My guess is they must have a program that scans and automatically buys all stocks that are up. And, have a "close all positions" button. What puzzles me is stocks come in all price ranges. How do they determine how many shares of each do you buy without becoming Warren Buffet? Dominick

To: booters who wrote (8085)	4/29/2000 11:49:00 AM
From: OZ	Respond to of 18137

The entry appears simple but what are they using as an exit trigger, just a gut feeling or is the exit signal as simple? Exits are much less clear cut and harder on the emotions with them as with any position trader. Because once you are out of your position, you are out of the game. I do know that at the end of the day when people are looking at stocks that were 20 - 50 point gainers, these people are usually in them. Not one but several. One trader in particular, looks at the pullback of his P/L. If the positions are pretty mature and the P/L goes from say 750,000 down to 400,000 he will pull the trigger. OZ