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Strategies & Market Trends : Analysis Class for Beginners -- Ignore unavailable to you. Want to Upgrade?

To: MechanicalMethod who wrote (1433)	7/11/2001 9:20:19 AM
From: Arthur Tang	Read Replies (1) \| Respond to of 1471

Daytrading between resistance and support should be based on the one year chart. Then, you can clearly see the support level and buy in at that price. Daytrading means you have to buy in volume and sell for small profits. Sometimes up to 33 times during any day. You can not wait for large profits, and you must return to cash at the end of the day. If you are a broker, then you trade weekly, and settle before 2.00 pm on Friday. You only hold cash for the weekend until Monday 11.00 am to start over again. Again you trade volume and take small profits often, but twice a week is sufficient to make a decent living. Economy outlook is for the mutual fund money managers, that's why you get confused. It is not for every one who does not have deep pockets to invest every week doing long term hold except for window dressing at the quarter's end.