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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (43)	11/2/1998 12:16:00 AM
From: Don Roberts	Read Replies (1) \| Respond to of 56535

Trader J, Let me save you some future frustrations ... DON'T USE DATEK! I've been with them for over two years now, and they have been great ... up till the last couple of months. Since then, I've noticed a huge decline in reliability each week. Datek is useless at the open ... they have too much volume ... orders are delayed ... and you end up not getting filled. They have cost me tens of thousands of dollars, and much, much stress. Since its a new month, I'm switching to someone more reliable (like MBT or JPR Capital) starting Monday. As for your SI site ... great site! Let me add one thing to your rule list: its OK to be wrong in the stock market. I've seen people almost get wiped out because they stayted in stocks and didn't take their small loss. I personally lost 50% in just the last 4 days in Aug because I didn't cut my losses when my stocks broke down through support levels ... stupid. If you are wrong ... you are wrong ... don't let the ego get in the way! Take the loss! Expensive lesson for me .. Ciao, Shortie www.daytraders.org/shortie

To: Trader J who wrote (43)	11/2/1998 12:48:00 AM
From: Walter High	Read Replies (1) \| Respond to of 56535

Trader J: Glad to see this thread; looks like the kind of discussion I have been searching for recently. If this thread is going to be frequented by daytraders, I will give you my favorite: TKLC. This one is good for wide point swings almost every day. It frequently closes by jumping up between 1/2 and 1 point in the last 30 minutes. I have never lost money on this one because you can always hold it for a couple of days and it will come back if the trade moves against you. (This is especially good for those of use who have difficulty pulling the trigger to take a small loss, then watch it balloon into a large loss.) I'd like to hear other people's favorite day trading stocks and how they play them. Walter High