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

To: TFF who wrote (4254)	5/21/1998 4:38:00 PM
From: funk	Respond to of 12617

I agree. how about this? Whatever you do don't listen to people talk up/down stocks pre-open! changed to this: Whatever you do don't listen to people...! Let the stock fit your style or simply pass.

To: TFF who wrote (4254)	5/21/1998 8:06:00 PM
From: Wayners	Read Replies (2) \| Respond to of 12617

I have a day trading idea that looks pretty good. Stocks on a downtrend usually have higher opens than closes and stocks on an uptrend have lower opens than closes. If you make a plot in your favorite software like Windows on Wall Street of a 2 day moving average of the opens (color it green) and a 2 day moving average of the closes (color it red) you can see at a glance what the current trend is and what to do at the open. If red was over green yesterday, the trend is up. If green is over red the trend is down. The good thing about this strategy is you get tomorrow's green line right at the open. There it is. Lets say for instance that yesterday you had green over red (downtrend) and it opens at or above today's new green line (after entering today's open). Then it seems to me its a high percentage short play for the day. Just the opposite for long plays. Anybody else out there using a similar strategy. I see the red over green and green over red played out so often and consistently that it tells me that traders absolutely dominate this market. What does everybody think. I'm nuts right?

To: TFF who wrote (4254)	5/22/1998 7:21:00 PM
From: LTBH	Read Replies (5) \| Respond to of 12617

Question for Irby, Steve, anyone Nasdaq stock 3/4 x 15/16, I bid 25/32. The next 30 minutes bid stays at 3/4 and my bid never shows on two quote services. Its my understanding my bid should bump the bid to 25/32. However I was told on another thread that the MM shows whatever bid he chooses. Could someone enlighten me? The later statement doesn't make sense. If I'm willing to pay more, why wouldn't my price show? Also thought it was required in this case. Note that I am not saying I had to get a fill, just that my offer should have bumped the bid. TIA Networm

To: TFF who wrote (4254)	5/23/1998 10:13:00 AM
From: TFF	Respond to of 12617

#DAYTRADERS Chatroom Tips - Read this BEFORE you enter #DAYTRADERS: Summary of "Momentum Daytrading - Tricks of the Trade": Message 4571285 Ken teaches excellent methods for handling trades you will encounter in #DAYTRADERS and how to avoid the sucker trades that so many fall into.

To: TFF who wrote (4254)	5/26/1998 6:22:00 PM
From: TFF	Respond to of 12617

#DAYTRADERS Chatroom Tips - One Good Play A Day: Typically each day #DAYTRADERS will have one good NEWS PLAY. This is what makes #DAYTRADERS worthwhile. Today it was a call on AVNT. The NEWS broke and the room quickly analyzed the release and many traders bought the stock. AVNT ran up several points shortly thereafter. This phenomena seems to occur regularly . The potential NEWS PLAY can be anything from microcap to largecap stock. The key is to recognize the NEWS PLAY as having: 1) good potential to move the stock. 2) see alot of buying on the offer. 3) good follow up buying from traders in the room. 4) good follow up buying in the market. Typically you should sit on your hands for awhile until you can see the breakout occurring. Many traders rush into false breakouts and end up dumping the stock at a loss. Take your time and really look for the momentum to build behind the stock. Even if you miss a 1/2 point it will be worth it too know that it is a REAL breakout.