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Pastimes : Daytrading and Stock Trading Addiction -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (117)	1/13/1999 10:08:00 PM
From: Sword	Respond to of 330

Trader J: Yes, exactly! What moves stocks? Stories and people. These take time usually to do their work. If I know of a certain event that is to take place in 4 weeks that will draw many new investors to the stock, I find it more profitable to ride out the oscillations on a gradually rising slope than to try to guess the market dynamics on a minute by minute basis. Furthermore, at my old daytrading firm, I can't set sell stops on long positions or buy stops on shorts. I miss being able to do this with my position trading. My new brokerage will let me do this. I can also trust them to work my order like I used to work it through my daytrading firm, even better. -Sword