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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (115869)	10/31/2000 4:17:48 PM
From: Jenna	Respond to of 120523

BEAS most people captured falling knives or got stopped out from premature long positions on Friday/Monday. Other missed BEAS short which was a great short. Today's entry was easy, almost simplistic, but I would NOT be a holder of this one. RMBS okay, it was overvalued, I expected a haircut but today's was a nice surprise. The trick today was using 15 minute charts and identifying two major trends in RMBS today instead of guessestimating the trend and entering wrong and 'scalping' which was escaping wrong entries. I usually stay in my daytrades for a pretty long time, the least is for 20 minutes (for more than a scalp) and much of the time for hours either long or short. When I exit quickly even for a very small gain (or loss), its usually a 'getaway'.. I suspect most people do that and call it scalping. You have to sit on your hands in these markets to 'milk' them both long and short for bigger gains (what I call 'long term day trades). I had pretty wide stops today. THere are wonderful plays under 30 bucks around now, if you don't have 1,000,000 in your trading account you can't make much money from stocks over $80 a share (unless you go options).. I don't believe in going all cash.. cash is not king when you are holding it and the market moves without you. Cash should work FOR you... so I don't like completely being in all cash. There is no 'bottom' or 'top' there are trading opportunities and when they get better than you can swing trade and hold one or two until you get stopped out on a trailing stop. If you hold and don't get stopped out and day 1 leads into day two. lo and behold you are an 'investor'.....