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Strategies & Market Trends : Level II Trading -- Ignore unavailable to you. Want to Upgrade?

To: DRRISK who wrote (275)	2/27/1998 3:54:00 PM
From: Cader	Read Replies (2) \| Respond to of 1086

Doc, My technics are fairly simple. 1. I get to know 5 - 6 stocks inside and out. 2. I set up a ticker to watch the MM moves in those stocks. 3. I open a level II screen with an embedded ticker watching trades. 4. I open a one min. candlestick chart with momentum and volume 5. Then I watch the particular stock on my level II screen 6. I will watch and try to identify the Ax. I always follow GSCO. 7. I check the range of the stock then wait for a movement 8. Depending on which way the movement is I will sell or buy 9. All the above is pretty easy to do now the hard part 10. Wait and gauge my exit. I usually will only stay with a stock up three levels 11. If I'm wrong I try to get out flat or with a teenie loss. 12. Some days I will make 10-20 trades others 2-4 trades. 13. I will keep my top ten lists going looking for new plays and of course I watch CNBC and I will visit #daytraders now and again. 14. I have only been actively trading for real $'s for 9 weeks with a 7 month period of learning the software and watching level II and reading everything I could get my hands on. That's my 14 points to success! :) LOL Later Cader