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

To: Street Walker who wrote (386)	1/23/1998 8:59:00 PM
From: Marlin C. Harmon	Respond to of 2120

Street Walker, I don't know how anyone would or could make such a crazy assertion against you. Posts by you, Ken, Darth and a few others are about all that I find time to read these days. I bet that if you were able to take a vote the whiners would clearly be a minority. Keep posting. Your posts have been very helpful to many-both new and some of us who thought we could trade already but may feel its time to change technique (which you articulately teach). Keep up the posting when you find the time and be sure there are many of us who keep reading and changing our habits accordingly. But you should realize there will always be a whiner or two in every direction. Who knows, maybe they had a bad trade or maybe the dog house momentarily has become their bunk house for some reason. Marlin

To: Street Walker who wrote (386)	1/23/1998 9:16:00 PM
From: Peter H. Hodge	Respond to of 2120

Street walker...I'm hopeful you're not serious. Don't let the one or two who don't know how to hit the "next" button spoil it for the majority. I appreciate your style of education as well!

To: Street Walker who wrote (386)	1/23/1998 10:27:00 PM
From: Pullin-GS	Respond to of 2120

Nonsence!<G> Hang around for a spell. I wonder what happened to Ken? I'll hold comment...it does'nt matter anyway. Well, here is my lesson today for all who want to hear it: I was long (as in holding as an investment)a stock.....sold at a peak (it pressed through firm resistance and started banging on next resistance level)....I repurchased when it tanked back to support.<G> But:earnings where to be released the following morning. Normally I would have waited until after earnings. Th stock action sugested no selling into earnings-eave, so I wanted to re-establish my long position....just in case of suprise earnings. As a trader, this went against all my disiplens and experience (never hold a stock through earnings). Anyway, earnings came out...they where great, but company also stated they will be diluting (adding shares to float by selling). The stock fell 5%. Not a costly lesson, but none the less one that has me bothered. I wanted to hold the stock long, and was willing to take risk of bad news to maintain my position. No regrets...but it is difficult holding a position long, while mainting sharp trading intraday skills. So goes this busness. I guess what is to be learned here is that I made a decision about my stance with an investment stock, and maintained my position. If I where treating this as a trade I would have exited (or not even have entered).