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To: Knighty Tin who wrote (60066)	1/20/2001 2:17:56 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 436258

I only margin it for the day , very seldom I let it run over night. The profits day trading are small and you have to be fast. All I'm doing is flipping the QQQ; it I can predict 5 out of 6 times and the 1 I'm wrong the loss is small too. I keep a market order on my screen ready to hit confirm. Well let me rephrase that..I put in a limit order and confirm it. Then I bring up order status and do a change order and get that screen up and filled it in with a market order..from there I can hit go or move my limit price. But most orders I wind up doing at market when the MoMo index I made up reverses about .2 % it leads the index 5 out of 6 times. Trades at market are also only $9.95 comish ,. but being fast and having a good connection is a must. It's very intensive if I want to stay ahead of the index, and flat days it's not worth the trouble, it takes volatility to do any good. Jim Ps Like Thursday I was out ( sold ) 7 times where if I had held from my first buy I would have done twice as good, but I never know when she starts down how "far" it will go, and if it makes a new low I'm stuck..so to play it safe I don't try to make as much as I might could.