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 : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: funk who wrote (4188)	5/16/1998 7:35:00 AM
From: TFF	Read Replies (5) \| Respond to of 12617

#DAYTRADERS Chatroom Tips - Introduction: I spent the last few days in the MIRC chatroom #daytraders. I thought it might be a good idea to provide traders a list of tips for getting the most out of this room. For those not familiar with #daytraders it is simply an online chat which is open to anyone. #daytraders attracts all types of traders. #daytraders is growing all the time and the influence it exerts becomes more evident everyday as you follow the ebb and flow of the room. Typically there are 600 people in the chatroom. The main thrust of the room centers around the identification of stocks which are poised to make large intraday moves (up or down) Traders' posts revolve primarily around breaking news from Briefing.com's INPLAY section, Reuters, Dow Jones, CNBC, Yahoo, and other news services. Often the basic fundamentals of the company will be posted from Marketguide( Shares outstanding,float,revenues,etc.) In addition there is a tremendous volume of post by traders commenting on these stocks once the room has began trading them. This is where the danger exists for the uninitiated. The pace of the room is very quick and many traders get caught up the energy surrounding a hot stock which has been identified and is being accumulated very quickly. The way to use the room is to use your own tools to identify those plays which meet your own criteria for good trades and to take the appropriate action at the appropriate time.