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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 (706)	3/16/1998 12:28:00 AM
From: jeffrey	Read Replies (1) \| Respond to of 2120

I have just joined and read through all of the messages in this thread. It certainly is very educational. I recently started trading using level 2 but am only trading 100 shares at a times to learn and limit my risk until I know what I am doing. You've indicated there is sometimes no rhyme or reason to the MM activity but in actuality it is like a game of chess or bridge in which you have to learn who your opponents are. Individual MM control different stocks even though they all trade in every stock. Its neccessary to know who they are and what they are doing. If they want to buy or sell you don't want to do the reverse of what they are doing because they know where the stock is going. Can you please comment on this and also if you have a particular strategy for stock split announcements and the dates before and after spliting. Thank you very much. Please add me to you mailing list also. I will sent a separate e-mail regarding that. thank you

To: Ken Wolff who wrote (706)	3/16/1998 2:22:00 PM
From: CONCEPTS	Read Replies (1) \| Respond to of 2120

Is daytrading an IRA or custodial acc. a common practice and are any other restrictions (shorting, margin) imposed by the IRS. What are your thoughts on how much negative effect these restrictions impose. Thanks for your inputs

To: Ken Wolff who wrote (706)	3/16/1998 5:40:00 PM
From: Ken Wolff	Read Replies (2) \| Respond to of 2120

Hey folks, Thanks for all the positive comments concerning my advisory. Still looking for comments on how to improve it and make it more useful to everyone and improve the overall product. Remember, if you would like it sent (free :) to you via email, please do not post requests here, just send an email requesting it to.... subscribe@mtrader.com I want to tweek this until the format is perfect :) so please keep comments comming..... Good Luck Ken www.mtrader.com

To: Ken Wolff who wrote (706)	3/17/1998 12:10:00 AM
From: Ken Wolff	Read Replies (1) \| Respond to of 2120

BUYING AND SELLING (PART I) I usually do a LIMIT BUY on a stock I want to go long on. Once my execution is confirmed, I will put up a MARKET SELL and get ready to exit. Be careful not to sell until a confirmation has been received from your broker. I recently had a student sell before he confirmed his buy. This resulted in a "SHORT SELL" because his buy was not executed. Sometimes impatience gets the best of us when the adrenaline running high. (continued...) Ken www.mtrader.com