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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: Dave Twibell who wrote (8)	5/20/1998 9:20:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 1729

Good advice Dave. BIG DOG

To: Dave Twibell who wrote (8)	5/20/1998 10:38:00 PM
From: Lisa	Read Replies (1) \| Respond to of 1729

Dave or anyone, Is there a Level II out now for Bulletin Board stocks? Is anybody using one? I'm looking for one and I talked to DBC and they said they would have one in the next 60 days.

To: Dave Twibell who wrote (8)	5/21/1998 2:56:00 PM
From: R Stevens	Read Replies (1) \| Respond to of 1729

"There are always opportunities to make money trading" Absolutely true...I try to keep this in mind, especially when I feel like I missed a good entry point on a trade yet I am still tempted to get in. Don't do it. Wait for the next obvious good entry on the same trade or find another trade and get in at a good point. Patience pays big returns in money and peace of mind. (I hate it when a trade goes against my position and I have lost money. Now I have to decide whether too sell or hold. To avoid that experience I try and only enter a position from a very favorable point where I think the trade looks like it will definitely go in the direction I expect. The first step to achieving this is the patience required to wait for that moment. My friend didn't make one trade all last year until June. Five months! But from June to Sept he was up 70%. Look at last year's chart again, he had the trend of the market adding to his skill at picking stocks to buy. That is an extreme example of patience but it makes the point.) Last Years Chart: cbs.marketwatch.com

To: Dave Twibell who wrote (8)	5/21/1998 6:43:00 PM
From: Thomas DeMille	Read Replies (2) \| Respond to of 1729

Dave, Interesting advice. I am using Charles Schwab. Their web page gives me real time quotes. I have only made one trade so far and was lucky. I made 2000 in a few hours on plnm. I think I just happened to step in at the right time while people were pumping and dumping. My question to you is this... Can I successfully day trade using Schwab and their real time quotes? What is Lev II, time and sales, and RT streaming quotes? I mean I can guess the time and sales, and I can guess the streaming quotes, but I have no idea what Lev II is. ANYBODY know any good books on this subject? Thanks in advance!! -=tGd=-