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To: TFF who wrote (2299)	1/10/1998 11:09:00 AM
From: Harold	Respond to of 12617

I hope this is not too much off topic. Could you or All explain the following to me: I own CFRAY yesterday I received a courtesy call from my brokerage house telling me that they will have a 10 for 1 reverse split If I accept it I have to call them by January 21st ?? if I don't accept it I don't need to call. Does this mean if I don't call I keep my shares and don't participate in the 10/1 split? this does not make sense. Before when a stock split I never had any choice ???but to accept it. Would appreciate your and All's explanation. Harold

To: TFF who wrote (2299)	1/10/1998 11:17:00 AM
From: Robert Graham	Read Replies (1) \| Respond to of 12617

What is the possability that the stock a day trader trades also attracts manyother day traders who would take their profits at the end of that day? ANd to wait until the close to determine if the stock should be help is rather absurd, nless you can roll back Time itself and exit your trade. What are the chances that you will be able to get your order in right at the end of the day without being scalped? Are MOC orders allowed on both the stock exchanges and NASDAQ? If they are, then I imagine that sometimes those MOC orders can really swing the price of the stock right at the end of the day. Bob Graham

To: TFF who wrote (2299)	1/10/1998 2:19:00 PM
From: Don Green	Read Replies (1) \| Respond to of 12617

Are you willing to assume that risk on a concentrated position? YES!!! In many cases. But you must evaluate the risk/reward... It has worked for and against me.. But it is usually worth the gamble... So I guess I am disqualified from the Day Traders Association... Oh, Well. Regards Don Green The unorthdox trader....

To: TFF who wrote (2299)	1/11/1998 9:25:00 AM
From: Eric P	Read Replies (2) \| Respond to of 12617

Holding Winners Overnight: Certainly, holding winners overnight entails a much greater risk than simple daytrading. While the market is open, a trader can get out of a position at anytime (unless halted), without the danger of overnight gaps. Personally, I do not hold daytrading positions overnight. However, it all comes down to risk and reward. If a trader finds that holding a high momentum position overnight tends to gap in his favor consistently in the morning ==> Then why not? The object should be to consistently make money, while recognizing and minimizing return adjusted risks. The higher risk in holding infrequent overnight positions may be warrented. Happy Trading, -Eric

To: TFF who wrote (2299)	1/15/1998 10:26:00 PM
From: funk	Read Replies (2) \| Respond to of 12617

My most wrongheaded decision was to start daytrading with a nine dollar internet broker that used browser based software for quotes and executions. It was ridiculous and I am thankful I got away from them when I did. Nine dollar executions are so inefficient. Slippage in poor entries and exits, not knowing if i filled or not, and missed trades created the most expensive "discount" I ever have received. Some say that fast quotes and executions don't make a bad trader good. I agree. However a fair trader will succeed with what is now available. imo I thought day trading was fun and I was doing it the hard way, believe me. Nine dollar internet brokers are bicycles. Profits lurk in the volatility of the market. The market is a freight train barreling down the mountain. Your trade is the crossing with the light flashing and the bells ringing. If you want to make the trade. You have to cross the tracks. I used a $9 internet broker last year. I had to peddle like hell. I left the bicycles to the kids and weekend hobbyists. Now with the brokerage I use, when I cross the tracks I feel much safer. The market is still formitable and the train still out weighs me a trillion to one, but I'm not peddling a bicycle any more either. When I approach the trade I feel more confident. Confidence is something I personally need to trade successfully. All position traders and satisfied traders please disregard this post. long live daytrading funk