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To: Patrick Slevin who wrote (42228)	5/5/1998 11:44:00 AM
From: Tom Trader	Read Replies (2) \| Respond to of 58727

>>Does not take too much time to learn. I suspect that you are right; do you use a formalized system to day-trade or is it subjective or is it a combination of the two?? >>But for the spoos there are certain things to look for....sudden spikes to short or dips to buy all in tune with where the overall intraday trend is and whatnot. << And what time frame do you use in looking for the spikes and determining the intra-day trend? >>When you lose you usually lose more than your average gain, but ... contrary to your system ... you look for more winners than losers. << Yes -- I know that day traders look for a higher level of accuracy than position traders. >>Yesterday for example my average gain per contract was 1.2 points and average loss was 1.3 But I had 87.5% winners, so who cares.<< And that is the essence of it >>Anyway it's a knack that could be incorporated into a longer term system. For example if you are net long 10 from 1116 and a sharp pullback brings it down to 1120, jumping in for 4 and then bailing on the snapback for 1 or 2 points does not affect the position trade I agree--my problem with day trading is that I was not successful at it when I tried doing so some years ago. Have not tried it since then, though I must admit that I am increasingly tempted to give it a whirl once again. >>and it passes the time, so to speak. Yes it does -- may take care of the occasional boredom factor for me and would certainly be a lot less high-risk than trying to trade ENMD:)