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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 (615)	2/28/1998 11:49:00 AM
From: Ken Wolff	Respond to of 2120

NARROWING OSCILLATIONS Normally stocks will oscillate all day long. It is much like throwing a pebble in a pond where the waves become smaller and smaller as time erodes the energy of the waves. Some stocks will continue to have large oscillations every day with high volume for a long period of time. Generally speaking, all stocks start off swinging early in the day to gradually go into narrowing oscillations just as the waves caused by the pebble decreased. You can make money watching and patterning their intraday moves. Normally highs are hit early. In order for a trader to have sufficient room for profits (UPSIDE), he must first wait for a sell off of at least 3/4 point. This is HIGH PERCENTAGE trading. Ken www.mtrader.com

To: Ken Wolff who wrote (615)	2/28/1998 11:57:00 AM
From: Ken Wolff	Respond to of 2120

RISK - REWARD (Part I) Every time you make a trade there is always RISK involved. I always ask myself, "Is it worth it?" I only invest in a trade when I feel the POTENTIAL is high enough to reward me substantially. I feel that if my pontential for making profit is not that great (1/4 point or less), then the risk is not worth the reward. DO NOT get me wrong, I will accept any gain I get based on my methods of trading, but expections should be high IF you decide to enter a trade. (continued...) Ken www.mtrader.com

To: Ken Wolff who wrote (615)	2/28/1998 12:13:00 PM
From: Ken Wolff	Read Replies (5) \| Respond to of 2120

RISK - REWARD (Part II) I know of traders who are addicted to the rush of daytrading and feel the need to trade every hour of every day. They place pressure to force something out of the market and usually take more risk and losses than is necessary. DO NOT OVERTRADE!!! If one overtrades, commissions will quickly add up and percentages for success are depleted. Successful daytraders ... DO NOT SPECULATE WITH MONEY THEY SPECULATE ON PAPER! THEY TRADE ONLY PROVEN, HIGH PERCENTAGE METHODS AND PATTERNS! Good luck, Ken www.mtrader.com