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Strategies & Market Trends : Want to make $1000 a week trading.....I'm going to try!!! -- Ignore unavailable to you. Want to Upgrade?

To: Dan Ross who wrote (59)	12/8/1997 11:36:00 PM
From: Mike Winn	Respond to of 1100

Hey Dan, weekly or monthly trading is like you buy a stock ahead of time knowing for sure that there will be some positive event that is about to happen such as good earnings report (especially if the company has already told so), investor or technical conference, analyst upgrade with a target price way above the current price, new product or contract announcement (company has pre-announced), etc. In any event, there is no guessing and the news is guarranteed to be good. The only thing that cannot be guaranteed is the movement of the stock. Even on good news, the stock could go down because of people buying on rumor, selling on news, or the news is not good enough for the investors, or stock market crash, etc. This type of trading is different from momentum trading, you're not buying because other people are buying but you buy a stock with good fundamentals except you just buy when the news is about to happen and you sell it after it has gone up a certain percentage. Then you will be looking for new stocks to do this again. This is also different from day trading because you are not looking at making money based on the volatility of a stock during a day. Your timing and price do not have to be precise because you have the whole week or month to allow the stock to recover in case it goes down from where you bought. If you monitor enough stocks, you will always find some stocks with news every day. I bet there are people who make a living monitoring for this kind of stocks daily. Unfortunately, you and I have a day job and we rely on this kind of board where may be other people can suggest some good stocks every week. I suggest that when people recommend a stock, they will tell the reason why they think that stock will go up in the next week or next month. I have recommended SNUS because I know that there will be an investor conference this coming weekend and another one in mid January and this stock will be featured in those 2 conferences, and it has gone up in the past during those conferences. The stock goes down slightly today but I think it will be back up by the end of the week. Dan, I wonder if this is exactly what you're trying to accomplish on this thread. If this experiment proves that this type of trading works, I may quit my day job and do this full time. Dreaming, dreaming... I suggest that you set up a YAHOO account to keep track of "our" investment, so we can tally the result every once in a while. The YAHOO account and password will be posted on this thread and anyone can check the result. We can start the investment with 10K. Every week, people will suggest some stocks and you will pick a stock of the week based on the following criteria: - good fundamentals. - good daily volume. - good float size. - good news that is about to happen and there is a good likelihood that the stock will go up at least 10% in a week. - stock is not overpriced yet. - and so on... I am interested in your ideas. Mike.

To: Dan Ross who wrote (59)	12/9/1997 10:10:00 AM
From: Steven Ivanyi	Respond to of 1100

<True....I have had a tremendous amount of success taking weekly or bi-weekly positions and playing the trends through RS, key support levels, etc.... My day trading experience, on the other hand, has not been that good to me.....As I have said, lets see how it goes.....> Your above post is similar to my experience. My trade system allows me to make the most short term profit in about 2 to 3 weeks. When the 3 period I up I immediate liquidate the position, profit or loss. The daytrading thing seems to be getting more popular. I don't really see why because on the intraday basis a stock can move at random, where as the 2 to 3 weeks term will allow you to make some money that goes with the underlying trend. Personally, I think daytrading is a fad that only the brokerages love and promote. Just my thought for the day!