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 : Successful Short-Term Trading Strategies for Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (16)	8/10/1998 11:20:00 PM
From: William W. Dwyer, Jr.	Respond to of 78

Wayne, Excellent stuff!! You have a great way of describing a trading idea. I printed it out and saved it for my notebook. Learn something new almost every day. Bill

To: Wayners who wrote (16)	8/11/1998 8:49:00 AM
From: The Street	Read Replies (1) \| Respond to of 78

I too printed that. Great post. What kind of predetermined loss do you set?

To: Wayners who wrote (16)	8/11/1998 11:30:00 AM
From: Billy Bob	Read Replies (2) \| Respond to of 78

Good post. Finally one with a point and informative. This site either push stocks going from 1.00 to 60.00 in one day or people soliciting there stocks or business. Happy trading.

To: Wayners who wrote (16)	8/13/1998 5:44:00 PM
From: Wayners	Respond to of 78

I want to add something else that is important to my post #16. When playing the momentum day trading game and you are using a stop limit buy for example above a resistance area, it is essential that the potential exists for getting high volume to get the large price move you are really after. High volume occurs in general between 9:30 and 11:00 and 14:00 and the close at 16:00. Those are the times to be trying this tactic. During the hours of 11:00 to 14:00 its safer to pick intraday bottoms using support levels or slightly above support levels with a real tight stop limit. Be quick to take profits because intraday rallies are usually fleeting. Pick up 0.25 to 0.50 and get out. Pay particular attential to resistance levels between 11:00 and 14:00 because they are VERY likely to hold..just like the support levels.