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

To: Vicrobi who wrote (1173)	12/7/1998 7:52:00 PM
From: Triffin	Read Replies (1) \| Respond to of 56535

Vicki.. It's not the cash but the mind-set that matters..If you want to get into day-trading I would use a "comfortable" lot for starters be it 10 shares or 1000 shares..main thing is to stay within your "comfort zone"..concentrate on monitoring no more than two simultaneous positions and see how you react to the process..I would emphasize that you not change your trading style if whatever approach you were utilizing was successful. Jim in CT..

To: Vicrobi who wrote (1173)	12/7/1998 8:11:00 PM
From: Trader J	Read Replies (1) \| Respond to of 56535

Vicki, it really depends on what your goals are. I will tell you that I usually use a base of 50K to trade with as I feel that amount allows me to play at least two significant position while also keeping a small amount to play surprise news plays or alerts. Everything that I make above 50K I keep aside or give to the wife. Or, usually, I set goals like "The next 10K goes to two 5K mutual funds for long term". You can trade with any base that you like. First, realistically set what your daily goals are and then do some quick calculations to determine how much of a stock you would need to own in order to achieve that goal and how much of a move it would have to make. I usually stick with stocks between $5 - $20. I will also trade $20-$50 stocks on occassion if they look good for a quick point or two. How much were you thinking of starting with? Good luck TJ

To: Vicrobi who wrote (1173)	12/7/1998 8:14:00 PM
From: Tony B	Read Replies (1) \| Respond to of 56535

Vicki - I would definitely not sell any of your long-term picks for money just to experiment with day trading. Don't sell a money-maker. I'm generally a long term holder. The only reason I'm trying this is because it seems interesting. It's quite different. I'm used to letting the market go its way and looking at my holdings maybe once a week. This is very different. I'm mostly just buying 100 shares of a pick and seeing what happens. Better to learn the basics now and get burned for $100 or so, than the thousands that the pros risk. g Good luck to you. llater, Tony B