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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: Pody who wrote (1190)	6/22/1998 2:25:00 PM
From: Dave Twibell	Read Replies (2) \| Respond to of 2120

Pody & Mike -- I can't speak for the other traders on this thread (most of whom are far more experienced than me), but over the last few months, I have been averaging roughly $600/week in gains (including commissions). Some weeks more, some weeks less (like the last few). I have been trading for about three months and usually trade in 500-1,000 share blocks using MBT from my home in the mornings before I go to my real job. There is definitely the potential to make money doing this, but it is not easy. Like anything else, you need to gain experience before you can hope to make a living at it, and most importantly, you absolutely need to have the discipline to cut your losses and stay away from marginal trades. Good luck. Dave~

To: Pody who wrote (1190)	6/22/1998 4:35:00 PM
From: Alf	Respond to of 2120

Pody and Mike I use DBC for a data feed and software from Marketsoft Research called TradeWind for charts inetworld.net This has more options than I could ever want for daytrading ! I plan to switch over to MB Trading probably in Oct to use real tic 111 but will get another phone line and puter so that I can still run TradeWind All that I use to make my trading decisions are charts .. I use one minute charts with simple moving averages. A lot of traders seem to set a limit on the profit that they would like to make for the day - week I "try" not to do that - it sometimes make you trade more often than you should There are plenty of opportunities out there and although it is hard to sit and wait without being "in the market " it is better to wait for looks like "a sure thing " Cut your losses quick Never hold stock overnight I confess that I have at one time or another broken every rule that I have made and paid dearly each and every time ! Good luck Tim