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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (59245)	9/20/2003 10:59:58 PM
From: Dealer	Respond to of 65232

Jill! I think I got my program pretty good (I will be going to Dallas in 3 weeks for training)..........but then I had to learn how to daytrade...... What a learning curve. This is really an art and is not something you can accomplish over night......Just realize that if you begin to lose money it is mormal and happens to the best. Just figure out what you are doing wrong......Losing is a part of daytrading the answer is CUT YOU LOSSES----Quickly...and let your winners ride...... I like to trade stocks that I do not know.....and tomorrow I could not tell you what stock I had been in.......no emotions........ Suggestions that I have found: Papertrade, papertrade and papertrade when you papertrade you do not have the emotions involved that you have with money) When you start with money.....trade 100 or less shares......yes you could lose because of paying your commissions.....but chalk it up as tutition for learning. Now let me suggest you go over to this site that if chucked full of info: Subject 28776 Go into line 29 and you will find they have organized the post....Read all you can especially: Should I Paper Trade? School of Hard Knocks - A Traders Path to Profitability Guidance to a New Daytrader Risk Management How Much $$$ do I need to Daytrade? Significance of Time of Day Mental Aspects of Trading Trading Mistakes to Avoid Miscellaneous This site is just full of almost everything you need to know about daytrading.......(I am sure they kept some secrets to themselves):-) But sure was nice of them to share with us as much as they did. dealer

To: Jill who wrote (59245)	9/23/2003 12:45:02 AM
From: RR	Read Replies (2) \| Respond to of 65232

I am watching setups in real time. Boy does it move fast......... but in futures trading, it's instantaneous, betting on the movement of the next few minutes. Jill, years ago I did a lot more futures/commodities trading than I do now. At times, I use to live on the phone with a trader. I would sometimes flip trades in/out in a minute. I'd sit there and jaw with the trader for a few seconds, then execute an order, jaw some more, close it, jaw some more, and do it again, over and over. A slight move in that ball game can mean some good money. Those were the days when I could really read a chart. I didn't care what it was, coffee, gold, corn, the yen, it didn't matter, just so long I made money. Uh, BTW, long the euro.... RR