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


To: Rick Faurot who wrote (1663)10/29/1998 10:10:00 PM
From: Colin Cody  Respond to of 7382
 
Rick, thanks for the ideas. I HAVE that book, but haven't gotten too far through it yet. You've convinced me to find the time to read some more of it.

I guess "position trader" vrs "day trader" is something I should learn to distinguish. From reading S.I. for several months it seems many flip in-and-out within a few minutes?? I always hold for at least an hour, sometimes the whole day, and sometimes a few days.

Now, part of that is because of the "2 minute lag" with my broker. A small 1/4 point gain can turn into a 2 point loss in two minutes!

So I have tended to hold longer, and sell when I have a larger gain per trade. With MB Traders, if I can flip in and out every few seconds, I suppose I'll change my style a bit.

Colin