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

To: kaz who wrote (3020)	1/3/1999 6:33:00 PM
From: LUANNE CLAY-RUSSELL	Respond to of 7382

you are right 4 out of 5 is excellent but it cost me a lot of $ in mistakes. if i hadn't had my mutual fund providing some profits to offset the losses i've incurred holding overnights that turned into long positions that went way against me in my first year of trading i'd be much further ahead. as to whether or not i use technical analysis - i always refer to the chart patterns to see where it looks like the stock may be headed. when i was the most successful (earlier in the year) i just traded stocks that were in the news that day and tried to get in on momentum rode them up a little and got out. usually i went in with 1000 shares and was happy with an 1/8 or if i got really luck anywhere up to a full point depending on the stocks momentum at the time. sometimes i would just go in and out of the same stock several times a day getting an 1/8 each time - maybe making a mimimum of 300-400$. some days i'd get a great one that moved up a point and would get 1,000$ out ofit. i listen to cnbc all morning before and after the bell to get all of the stocks to watch. sometimes i check fundamentals -book value,etc pe..etc. ratings....try the best i can to think how the investor thinks and watch the momentum.