Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (42232)	5/5/1998 12:03:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (2) \| Respond to of 58727

Patrick the problem is what you do isnt all mechanical....lots of intuitiveness and watching TT try to daytrade on something that is not purely mechanical would blow my mind...he might turn into OJ...

To: Patrick Slevin who wrote (42232)	5/5/1998 12:08:00 PM
From: Nemer	Read Replies (2) \| Respond to of 58727

SPX didn't take me long to get home to my own computer, eh ? on my purchase of a few minutes ago ---- 1115 has now been identified as a SPX pivot and I'm using 1114.75 as a stop at 12:06 EDT the purchase was OEWEI @ 3 7/8 the targets still remain ---- 1117 and 1121 the main reason I post this as accurately as I can is so that some of the readers/posters/lurkers can offer advice if and when there is a mistake made and can tell me, so that we all (and me, too ) can learn. edit purchase confirmed on phone at 3 7/8 instead of 4 as I had thought

To: Patrick Slevin who wrote (42232)	5/5/1998 12:15:00 PM
From: Electric	Read Replies (1) \| Respond to of 58727

Patrick, As I read you and TT's exchange my comments are along the lines of Lisa. I am sure that your insincts are to the point that you feel comfy day trading and know how the beast acts to some extent, that is my biggest worry.. that and the fact that to day-trade isnt the min investment near 100k? As I have watched TT's posts and comments, I would want to incorporate the elements that he has with your day trading.. Maybe it is too complex and error prone, but his points of trade and your day-trading... thats what I want.. And the cap to get going...lol

To: Patrick Slevin who wrote (42232)	5/5/1998 12:18:00 PM
From: ratan lal	Read Replies (2) \| Respond to of 58727

Patrick I used more or less the method you described. I use 1-tick, 5-min and 3-min charts with 2-MA, Stochastics and Momentum. Additionally I monitor Tick and Trin. I get into a position based on the 30-min inidcator and get out when the 5-min indicator goes against my position irrespective of whether I maek a profit or loss. Has worked great so far. And I have been punished very badly evertime I violate this rule and go with my 'feelings' or 'news'. ratan