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

To: Coyoti who wrote (404)	1/30/1998 10:53:00 PM
From: Ken Wolff	Respond to of 2120

Coyoti, I have never split my trading money up as I have found daytrading to be the highest possible percentage return per year. I always think in terms of shares per transaction and I eliminate as much risk as possible which my methods have done for me over the years quite nicely. I suggest you start trading 500 shares per trade until you begin to be successful then increase them as you learn the risk/reward ratio with EVERY trade. I think $30K would allow you 1K shares of a 60 dollar stock on margin and I would never max out my portfolio fully on margin unless I were in a very high percentage trade for a short period of time. I have a friend who computes a percentage of his portfolio per trade and trys to not max out his margin account. Each trader must find his comfort zone. Good Luck....Ken mtrader.com