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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: Sword who wrote (495)	7/12/1998 5:50:00 PM
From: CanynGirl	Read Replies (1) \| Respond to of 7382

Ahhhhhhh! The adrenaline rush. Gotta love it. <BG> eom

To: Sword who wrote (495)	7/12/1998 7:19:00 PM
From: Sword	Read Replies (1) \| Respond to of 7382

Now, here is a better story: Starting with paragraph 3: Bang! The T&S screen fills with blood at 3/8. Downticks again to 1/4. The MMs sell short from their own account. Downticks to 1/8. Fear rises in your heart. You want to get out. But you don't! And here is why: You actually know something about this company. You've been watching it for awhile. You know the balance sheet is strong. There is no negative news on the company recently. You know the price action, spreads, primary MMs and have a "feeling for the stock". You know this sector is in play and the market trend is rising. The base at 20 is a short term one that was established during the past couple of days. We are near the end of the day, when the MMs love to shake out the weak hands. "Bang! The T&S screen fills with blood at 3/8. Downticks again to 1/4. The MMs sell short from their own account. Downticks to 1/8. Fear rises in your heart. You want to get out." BUT YOU DON'T. Instead, if you are a daytrader, you wait for the bounce! You know that it is much easier and more profitable to sell into a rising price. Your rule says, "Don't hold overnight on daytrading stocks." But there is time for that bounce. So you wait. The stock ticks upward, you get out when the action is subsiding on the BUY side. You make a market on ISLD at 20 3/8 while the stock is at 20 1/4 ask. You get get your asking price. You got in earlier at 19 3/4. You make 5/8 on the trade instead of 1/8. -Sword