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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (498)	12/5/1998 11:11:00 AM
From: Tim Luke	Read Replies (1) \| Respond to of 99985

well i i broke my golden rule on friday: i bought a 1,000 intc long before the bell and sold it 20 minutes later for 1 1/8.....nice way to start the day. then i thought for sure the market was going to turn (suckers rally) so i shorted MSFT at 126 for another 1k shares....shortly after it did drop and i was sitting on a 500$ profit but instead of taking the money off the table and moving on i let the winner turn into a loser "breaking my golden rule"..so i fought it all day up and down until the end where i had to cover at 127 3/8. never let your winners turn into losers! btw- i am now back to 100% day trading closing flat at the end of every trading day.

To: GROUND ZERO™ who wrote (498)	12/5/1998 11:52:00 AM
From: Patrick Slevin	Read Replies (2) \| Respond to of 99985

Of course, I was just kidding. For my own part I need the action. Additionally I USUALLY don't trade more than once or twice a day. These last two days presented a lot of opportunity so I traded 7 or 8 times, I guess, but normally I just try to find the one good trade and then hit the road. I belong to a golf club and it always cracks me up to walk into the grill room where a dozen guys will be watching CNBC. Someone will always say "Slevin's smiling. Short again? Drinks are on Slevin!" I need to day trade to support my drunken friends.