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

To: chris- who wrote (13056)	5/22/2001 12:35:57 PM
From: TraderAlan	Read Replies (1) \| Respond to of 18137

Chri8s, Sold it for a .6 profit. Just makes me hungry for more. Alan

To: chris- who wrote (13056)	5/22/2001 1:28:53 PM
From: -	Respond to of 18137

Not a major mop-up or anything, but we walked away with net profits. Full report: Message 15835466

To: chris- who wrote (13056)	5/22/2001 7:07:41 PM
From: KymarFye	Read Replies (2) \| Respond to of 18137

Just fine - in fact, the overnights were almost the only trades I made all day that did anything positive. Given the kind of set-ups I've been trading lately, at least some overnight holding seems advisable. Has been working relatively well lately, though I normally reduce exposure substantially in favor of lower return volatility, and still refrain from the practice ahead of major reports. As for today in particular, I'll confess that, despite my skepticism about The Rally, as soon as one of the three stocks I was holding started moving up and approaching resistance, I began to slip into exuberance mode, and to imagine an unimpeded rise into the heights... Caused me to act a little late and to get out of phase, though, as I said, all things considered, the tactic worked well, and has been working well for the last couple weeks.