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Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?! -- Ignore unavailable to you. Want to Upgrade?


To: Mike McFarland who wrote (263)1/19/1999 12:44:00 PM
From: Dave O.  Read Replies (1) | Respond to of 611
 
< With regards to scalping...what is the logic behind this trading technique? Since you have to depend on somebody to come in right after you >

That's why you want to scalp stocks that have momentum ... and bail before the music stops ... if you wait too long and everyone is running for the exit at once you're in trouble. I've had trades as short as 20 seconds that made money.

Dave