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 : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: David R. Parker who wrote (381)	6/9/1998 2:26:00 PM
From: Ken Adams	Read Replies (1) \| Respond to of 1729

David... Agree this isn't the board to discuss individual stocks, and that wasn't my intent. I understand you're focused on taking a point or two in a quick trade. That isn't far from what I am doing. With the lower priced stocks I concentrate on ($10 -$25, give or take), using a percentage profit target is realistic. I was more interested in your selection criteria, or methodology. I've recently been testing some thoughts with OmniTrader. OT scans my universe of stocks and presents me with candidates which I then look much closer at with more conventional TA and in a different charting program. What do you use to narrow down your focus? Again, if you don't mind discussing this. I think that is more appropriate for the intent of this board, don't you? Sounds like you're doing quite well and I say "Good for you!" Ken

To: David R. Parker who wrote (381)	6/9/1998 3:25:00 PM
From: R Stevens	Respond to of 1729

David, Great posting on your part...very informative. I would agree that it would be very wise to trade for a year of two during off hours until one shows some consistency and the ability to keep losses at a minimum. There is a lot to learn. Much of it is common sense,(see post #1 of this thread) yet it takes time. Swinging a tennis racket to hit the ball over the net seems simple enough, yet it takes time before your tennis balls stop going over the fence. Reading is very helpful, and then making small trades to get practice. With trades only costing $9.95 at Datek, you can make little trades without spending a lot in commission. Good Luck to all, RS

To: David R. Parker who wrote (381)	6/9/1998 3:56:00 PM
From: R Stevens	Read Replies (3) \| Respond to of 1729

Updated Trading Resources: Reat Time Quotes, Nasdaq Level II quotes, etc: dbc.com (great 1 month free trial) quote.com mbtrading.com Nasdaq Level II quote tutorial: elitetrader.com One stop web sight for all the web sights on a stock: purebytes.com (enter in your ticker, if the response states "ticker not found", press the "continue anyway" button) SI Page Listing Many Sites: Message 4262593 Tax Information On SI: Subject 17266 Subject 5727 Message 4599960 Also Mentioned: pcquote.com telescan.com Internet Trader Program (Free Version) kanisa.com IQSuite Charting Program iqc.com Listing and Ratings of Online Brokers: gomezadvisors.com sonic.net SOES Trading Info On SI: techstocks.com Suggested Books List: "Japanese Candlestick Techniques" by Steve Nisson ~ mess#40 "Market Wizards" by Jack Schwager ~ mess#112 "Trading for a Living" by Doctor Alexander Elder ~ mess#104 "The TAO (pronounced dow)of Trading" by Robert Koppel ~mess#106 "How I Made 2 Million in The Stock Market" by Nicolas Darvas~m#144 The Electronic Day Trader "Successful Strategies for On-Line Trading" by Marc Friedfertig~mess#339&343 Place To Buy Books: elder.com