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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: LouieD who wrote (13689)	5/3/1998 3:41:00 PM
From: Big Dog	Respond to of 34592

Maybe it was that way before the booze and the greed set in. BIG DOG

To: LouieD who wrote (13689)	5/3/1998 4:12:00 PM
From: LouieD	Read Replies (1) \| Respond to of 34592

My rules for day trading <inside> I started trading actively around the end of last summer.When I first began I lost....and lost.... and lost some more.Just about every time I would kick myself in the ass and say "why didn't I sell earlier" or "why the hell didn't I buy that stock.. I knew it was going to go up".LOL...I'm sure you all heard the old cliche.."buy low sell high"..well I was doing that in reverse.I was buying high and selling low.Not a good combo if you don't want to lose money.Well here are a few rules that I believe will make anyone a better trader.Again these our just my opinions. 1)school your self in the market.Know what a "spread" is,know how to read a level II screen etc.The more you know about stocks and how they market behaves the better off you'll be. 2)NEVER NEVER fall in love with a stock.This is a cardinal rule.This can not be broken.I lost more money believing a stock would come back for me.When the market turns against you don't buck it......it's much more powerful then you. 3)kinda like rule #2....when the market starts to turn don't sit there and think it'll come back to you.Waiting for a market to come back to you can magnify a loss or dwindle any gains that might have been made.Don't be afraid to take a small loss.Rather a small loss then a big one. 4)when day trading Level II is a must 5)fast executions.I can't stress this enough.A good broker can be the difference between a winning trade or a losing one. 6)don't let emotions trade for you.If you see a stock start to run don't chase it only to get caught at the top.There will be plenty of other stocks to trade. 7)When playing BB stocks be very careful because they can be much more unstable then listed stocks. Well I'm sure I missed allot of pointers but that's all my hung-over brain could muster up today :) Remember these are only my opinions. LouieD