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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: Ken Wolff who wrote (316)	1/22/1998 1:39:00 AM
From: WTT2	Respond to of 2120

Ken, how is your assessment of MB trading going... waiting to hear from you. Keep up the good work. Bill

To: Ken Wolff who wrote (316)	1/23/1998 2:38:00 AM
From: taLuis	Read Replies (4) \| Respond to of 2120

Dear Mr. Wolff, I suggest you start another thread here on SI with a different heading and continue your work to educate us on short-term trading strategies for daytraders. This thread has become uselessly cluttered with postings about everything else but this thread's intended purpose. It has become painful to have to skip thru so much nonsense to get to your gems. Unfortunately, the posters here do not have the etiquette to take their musings to other threads on SI, expressly setup for that purpose. A simple perusal of the available threads on SI would show this to be true. I know this because I have done so myself. Whether it be hardware setup for daytrading (multiple monitors, etc), finding #daytraders on IRC, or chat about individual stocks, there's a thread on SI available. If and when you decide to follow my suggestion, please post a message on this thread about the move, and I will bookmark the new thread. I suggest that on the new thread you insist on having posters remain on subject or be subject to banning from SI (this can be arranged by the way, free speech notwithstanding). There is no need to continue tolerating these unmindful souls. Luis

To: Ken Wolff who wrote (316)	1/24/1998 2:27:00 AM
From: Ken Wolff	Read Replies (4) \| Respond to of 2120

GAINERS (Part III) (continued...) If a stock has gained approx. 20% or more in one day, it is a candidate for a SHORT SELL the following day. The trading scenario I expect is for the big gainer to open up and trade up to the first high (which usually becomes the high for the day). I must see the typical CLIMB, PAUSE and the SELLS to outnumber the buys with a couple of "in-betweeners". I do a LIMIT short sell and use a STOP of 1/8. I hope the stock will oscillate down to allow good profits. If the stock has oscillated down enough where I feel profits can be made I will reverse the trade and buy at the low of the first oscillation down and hope the rally continues. But again, I sell at the first hint of selling. REMEMBER the chances are the previous high will not be made again unless the story is exceptional. Ken mtrader.com