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Strategies & Market Trends : DAYTRADING/SWINGTRADING STOCKS with INTRADAY INVESTMENTS -- Ignore unavailable to you. Want to Upgrade?

To: - who wrote (305)	6/22/2001 1:36:36 AM
From: aldrums	Read Replies (1) \| Respond to of 565

Message 15972906

To: - who wrote (305)	6/24/2001 11:56:47 AM
From: KymarFye	Read Replies (2) \| Respond to of 565

Thanks, guys, again: I've found your sector map quite useful, mainly for introducing me to a few stocks that I've now added to my own tradables list (not that I've suddenly gotten excited about day-trading BAC or something). Two observations, though - relating to the sector map and to your daily recaps: 1) In assessing tradability or "heat," it appears that you rely mainly on Average True Range or some other non-normalized indication of typical moves in points, regardless of price differences. Obviously, using current price ranges, a two-point move in RNWK is a much different animal than a two-point move in NVDA, your "devil stock." Indeed, though I also find NVDA highly tradable and would not be surprised to see its volatility explode again, if measured by other standards (average percentage moves, historical volatility, etc.), stocks like EXTR or NTAP, just to name two, have been a lot more "devilish" of late. By HV (100-day and 10-day), NVDA comes in just a bit behind QCOM, and on less volume. 2) Partly for some of the same reasons, I wonder how meaningful the practice of bottom-lining your daily performance in terms of "points" is. I know that the practice isn't unusual, but, unless I misundersand how you calculate the figure, the implicit presumption appears to be that you always trade the same number of shares per position, and that, over the course of the day at least, you've somehow also managed to use the same percentage of your available trading capital as on every other day. It seems to me that the real bottom line would be total relative gain or loss in your total capital.