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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Jay Lyons who wrote (462)	9/17/1998 12:47:00 PM
From: LastShadow	Respond to of 43080

Jaylyons - your plays are a little riskier, but with the market wide tanking and the increased number of trades (hence more, although not double the volume) you should be in good stead. For most of them that fill I suggest you consider holding over to tomorrow for the end of the week jump. With a dumpiong this big on Thrusday, and with the ones you picked, most should fare better tomorrow. Watch the tick from about 3:00 on and see what the market does., if it tries to recover, then you may want to exit near close today. If it just hits some resistance above where they are now, do some DD and think about holding. lastshadow

To: Jay Lyons who wrote (462)	9/18/1998 8:50:00 AM
From: Jay Lyons	Read Replies (1) \| Respond to of 43080

Yesterday's Gaps: The numbers I used produced several flat trades. On AOL, a Modified Gap was the way to go, I was wrong not to stick to the plan. YHOO took 1 point bounces off the modified buy trigger like a ping pong ball. From a daytrading perspective, I'm paper trading the idea of using the gap triggers as upper and lower resistence, and buying or shorting when the stock comes to the trigger and then reverses. Take look at PFE and INTC yesterday for examples. Paper traded 6 points using this stratagy with my numbers. Scott- As I write this, I realize that I'm focusing my follow ups on daytrading, not position trading. Let me know if you'd rather that I stuck to posting my numbers in the A.M. and skip the follow up. Jay