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

To: SMALL FRY who wrote (1179)	10/20/2000 3:55:37 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 8925

SF i was tempted one more time..but passsed... it was to good a day...<G>.. it's getting near my nappie time....hahahahaaa

To: SMALL FRY who wrote (1179)	10/21/2000 9:52:48 AM
From: Teresa Lo	Read Replies (1) \| Respond to of 8925

"...Up early...leave early...that's the ticket!" You know, it might be unpopular to say so, but during the 12 years that I spent at the brokerage firm, unless the traders were paid by the firm to sit there and take client orders, no one actually sat there and traded all day, like all of the advertisements on TV and the web sites that try to extract money from the newbies condition people to believe. Most of the traders that I knew would trade a handful of stocks or concentrate on either bonds, futures or currencies, and they would have a plan from the night before. Trade the first 60-90 minutes when the market is still in the price discovery stage and if there was any reason (such as a big trending day) they would watch and stay on until the close. I personally never watched the market from open to close unless the instrument that I was trading was giving me a reason to, in the big picture. For example, when most of the indices did a test of top on August 30, and triggered the sell signal upon failure seen on the daily chart, I would begin a "campaign" of trading until the downtrend is over. Then, I would take some time off, when the market is on the bounce, like it is now. It's only since I started my little "hobby" web site, that I realized that so many people love to sit here all day and trade, for some reason. I don't really understand it, to be sure, since I can't imagine how long I would have lasted, working like that. Anyway, that's the long and short of it. Trade only when there is a reason, and when the trader has a plan. Teresa P.S. The next Trader's Master Class will be scheduled for early November, after I deal with the back end of the web site.