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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: LzzrdKing who wrote (7020)	8/3/1998 11:27:00 AM
From: HEYWOOD JABLOME	Respond to of 7396

ROLLERBALL - POSSIBLE DOUBLE CANDIDATE - ROLL IPO came out in April at 5 1/2. Company produces a revolutionary in line skate, using balls instead of wheels. They have been receiving praise for the ease of use for all types of skaters. Company is ramping up a distribution channel. CEO is a former Mattel Officer. Taipan recommended stock buy under 3. - taipanonline.com good luck

To: LzzrdKing who wrote (7020)	8/3/1998 3:51:00 PM
From: steven k hamick	Read Replies (1) \| Respond to of 7396

Yep, sure did! I subscribe to both magazines. I'll bet Mama is proud LOL. Some great information in there...and it was inspiring for me and sparked my interest in day trading. I just purchased "The Electronic Day Trader" by Friedfertig/West and have been searching the Net for information to help facilitate the learning curve for me. Unfortunately, there isn't much info on the Net on day trading; most Net sites want hundreds to thousands of dollars and appear to convey to me I need Selectnet, Instanet, ECNs (Island, etc), or gasp SOES, Level 2, and a newsfeed. Of course, they all have their magical formulas which make have made them millions and they all state this philanthropical-like need to share this information (but, for a handsome price). I've never day traded before, but it seems to me this is how I should approach it: 1. Supress emotions (can you say - Mr. Spock?) 2. DO THE HOMEWORK on the stocks which are to be traded (studying the intraday graphs, news, etc - yeah, I know you have 800 stocks you study, but some of us have a life ya know LOL) 3. master Level 2 and the trading software 4. watch for the studied stocks to bottom during the day and jump on the ride up (good news during the day always helps!) 5. if a short, wait for the stock to nearly peak, the short and ride down (bad news always helps!) 6. it makes sense to limit order buy & market order sell 7. DO NOT get greedy I think this is a reasonable plan going in; of course, I will tweak things as I gain experience & knowledge. By the way, continued success!!! Steve