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


To: TraderRick who wrote (667)3/8/1998 9:17:00 PM
From: Ken Wolff  Read Replies (4) | Respond to of 2120
 
TraderRick,

I am glad you find some value in the advisory.

The reason FPAM was down was a downgrade and generally over the years dumpers have been very stable overnight. I watch for them gapping up the next day and work on percentages.

When I see them getting overnight buying I will play the percentage as long as the rewards justify the risk. The last minute action is also important on my consideration of buying and holding overnight.

If you watched FPAM It went from my buying price (18 1/4) to 19 before the close then it sold off a bit. This type of action is worth an overnight hold and the gaps seem to be best over the week ends. However weekend holds have more risk....We shall see....

Good Luck

Ken
www.mtrader.com



To: TraderRick who wrote (667)3/14/1998 5:29:00 PM
From: steve goldman  Respond to of 2120
 
** Chat Session Notice

We will be hosting a Question and Answer Roundtable Discussion on Trading Strategies:
This Sunday, March 15th, at 6pm, est. yamner.com.

This Sunday's session will be for the advance and more experienced investor/trader. There will be no presentation or explanation of more basic concepts but the session will center on the complexities and details of the various marketplaces and execution systems. We would ask that less experienced investors read through the chat logs from the previous two sessions so the content is more meaningful. yamner.com. Go to the SpecEvents directory.

The session will feature several guest speakers including Steven Goldman, Head Trader, Principal Sales & Options, at Yamner & Co.,Inc., Ken Wolff, Head Trader of MTrader, Ross Ditlove, Head of Trading Operations at MBTrading and Baron Roberston, Chief Editor of Elitetrader.com.

Regards,
Steve