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

To: Shmar10 who wrote (574)	11/14/1998 2:51:00 PM
From: Rick Faurot	Respond to of 56535

Shmar, You are welcome. One thing I would suggest is that you drop back to papertrading often. There will be lots of plays you get attracted to that you don't have the money for or maybe the risk level is unacceptable. By papertrading you can jump into any trade and find out whether your theories (or someone else's) and your intuitions are on target. As a daytrader, I would also like to suggest you consider shortening you time frame on trades initially. If you have Level 2, it is not too hard to spot a pullback and often you can exit a trade that's going south and reenter at a better price. This question of time frame is a dilemma every trader faces, so you will have to grapple with it along with the rest of us, but if you notice Jeff's posts, he does not hesitate to exit a trade if it starts to smell bad. Lots to learn. Keep your ears on! Rick Ps. Always be VERY VERY careful with your trades. Vigilance pays.