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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?


To: Teresa Lo who wrote (392)10/6/2000 5:07:34 PM
From: Jill  Read Replies (1) | Respond to of 8925
 
Thanx. I'm not sure I'll be around the whole time but maybe the next course you give. It's a two week time frame, right? I agree, real time is very helpful.

For trading options, no I don't do the "minute/hour" type thing. It makes me too jittery. Occasionally I'll trade in and out in a day but I'm more a position trader, for instance, I picked up some Nov BRCM calls not quite at the low today, but close, and will probably sell when BRCM pops into the 230s again. So that could be a few days or who knows--I don't like to do current month as that seems too risky.

Otherwise I also accumulate options for longer term i.e. 4 to 6 months out. And some common. But that sure can get frustrating--even if your cost basis is low--for example seeing JDSU go up and down so much--I tend to start to agree with you, to operate from cash is most satisfying.



To: Teresa Lo who wrote (392)10/6/2000 9:57:14 PM
From: HairBall  Read Replies (1) | Respond to of 8925
 
IS: For me, I use what are called "swing" highs and lows to look for support and resistance

I have been calling them price action pivot points for about 15 years and have been posting examples of them on my charts on SI for about two years now. They can be identified in various time frames....depending on price action...

Regards,
LG