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

To: Tai Jin who wrote (722)	7/5/1998 5:59:00 PM
From: jawd	Read Replies (1) \| Respond to of 1729

If theres a strong market open (i.e. CNBC says "all systems go!") then yes, I'll jump on an internet stock and quickly make my quota for the day and get out. But most days, I don't play the open. I wait a little because its normally very dangerous. After 30-60 mins it seems safer to me. Rather than go for an eighth on 1000 shares to give me $125 profit - I go for 1/16th on 2000 shares to get the same profit. Then, if I get an 1/8th, all the better - thats $250. I only need four of those! On something like DELL you can make 1/16th's all day long on a flat line chart. First I got comfortable with trading 1000 shares. Now I trade 2,000 and on lower cost shares I'll trade up to 6,000 or more. Once you are disciplined to LET GOOOOO! on a loss - its not difficult to trade larger numbers. And man! Its beautiful to see the MB position minder clocking up the dosh when you have a large number of shares. but again - pulling the trigger to sell - not being greedy. Boy, that takes some learning. TAKE THE PROFIT AND RUN!!!!! TAKE IT DUMMY!!!!!! Thats what I tell myself. Because it can vanish so quickly.