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Strategies & Market Trends : Daytradng 101... A place to ask simple questions. -- Ignore unavailable to you. Want to Upgrade?

To: Dave Campbell who wrote (6)	2/15/1998 5:22:00 PM
From: Satyr	Read Replies (1) \| Respond to of 32

If your really talking newbie trading I don't thank they should start out looking for 1/8s and 1/4s. The timing necessary to accomplish that type of trading is just to demanding for them. Also I feel that most newbies have the inability to take a loss when necessary which makes tiny profits unprofitable. I would suggest they try to find places to trade where they can limit their loss to 3/8 to 1/2 points and be looking for twice that in profit. Then as they hone their timing skills they can look shorter. IMHO.

To: Dave Campbell who wrote (6)	2/15/1998 5:50:00 PM
From: scaram(o)uche	Read Replies (1) \| Respond to of 32

Thanks, Dave: First, in the event that any of my friends read that last post and say "huh?"......... I trade to diversify my strategy, and I trade with only a small portion of my at-risk capital. A majority of my investments are long-term. OK, it sounds like SOES is not for me. How about level 2 quotes, or whatever they're called? I spend a lot of time trying to intuit what they must look like from trading pattern and volume. Are they useful for predicting "holes" that can be filled on relatively little volume? Are they used, on occasion, to lure the naive? I sometimes place "market" orders. It almost always turns out to be a good move. Almost. ;-) Rick