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

To: Melissa McAuliffe who wrote (477)	2/8/1998 8:47:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 2120

Hi Melissa.. the best solution to measuring your trading IMO would be percentage of the trade. Points don't make sense because 1 pt on a 100.00 dollar stock is 1%, 1 pt on a 1.00 is 100%. You may also want to construct your profits and loses as a percentage after you take out commissions. I think your intention of trading a lot to gain experience is a good idea. Good luck. Jim

To: Melissa McAuliffe who wrote (477)	2/10/1998 10:54:00 PM
From: kimberley	Respond to of 2120

<< Assuming I get a good comfort level with this, I will always trade the same number of shares and can project my profit using points much more easily At least this is what I am thinking. >> Melissa, first of all, good luck with your trading. it seems as if you are trying to find out everything you can, as well as testing the waters with real trades ( I think that's the best way... lessons are remembered longer when it's real money<g.). re always trading the same number of shares... you might want to be more flexible than that. several things influence that decision for me, including volume, volatility... and the situation surrounding the move. I think different stocks can give you different odds of success, and if you are really confidant the situation warents it, you might trade more shares. hope this helps... i've been trading for a while, but still try to learn something every day. again, good luck to you. best, kim