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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: gold$10k who wrote (13128)5/23/2002 9:09:40 PM
From: rails99  Read Replies (2) | Respond to of 36161
 
Thanks VT; Thanks for mentioning that site.

I use that quite often. Print out my watch lists and look for volume/accumulation, etc. Works very well. Compare prices to the Yahoo delayed for the approximate cost to deal with the MMs. Their factor of the take sure does seem to change on slow vs hectic trading periods. Also use the alerts with the brokers, but half the time forget to check mail when things get busy.

Daily chores: Check POG/ check the ticker action on CNBC/ try to search for news with CBS marketwatch, watch the trading of favorites using DATEK streamer, check POG, check quotes on new targets and holdings. With the majors and mid-caps, I can work well with the streamer, IF the ticker is going my way. Forget any of the above and can really get messed with. This works well for me, but tough to get good prices, for I still fight it is sometimes difficult for me to buy the dips. Still trying to overcome that psychological thing for the big advantage.

Have some trouble sticking to targets, too. Trade too much is also a problem at times. Need to rely on more chart work and charting may be my biggest need to incorporate in a more useful approach. Working to control this behavior stuff, guess it just takes more time and lessons learned. Any particular methods to your typical approach to trading?

Rails