Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Robert Graham who wrote (10092)	9/3/2000 6:34:49 PM
From: Tai Jin	Respond to of 18137

Where are you coming up with this? When is the probability that close to zero where a given a trade will end up as a profit? It has nothing to do with predictions from reading a chart, only probabilities of success based on everything I knew about the stock and company. Based on my experience with the stock, I knew that what was happening was heavy institutional accumulation (in fact, the institutions were having trouble buying in because of a lack of liquidity). I knew that I could buy the dips and be "safe." This style of trading is based on having "complete" knowledge of the stock I'm trading. In this case, all the factors were in my favor: trading action, big money accumulation, fundamentals, small float. I would have been very surprised if the stock had not behaved the way I expected it to, and I was willing to take what I perceived to be a small risk for a potentially large reward. ...tai