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

To: Jon K. who wrote (379)	1/22/1999 11:53:00 PM
From: Logistics	Read Replies (4) \| Respond to of 611

Lots of good questions Jon, 1. Turning point was when I took my ego out of it and played percentages - kept stops tight - got out with small losses and let wins ride. Stopped marrying stocks. 2. Love full time trading - work in my pajamas, if i need a day off I take it. I only answer to myself - however, being your own boss is most often more stressful than answering to someone else. Rewards are greater though. 3. I spend MANY MANY hours on the computer before, during and after the trading day. YOU WILL NOT MAKE MONEY working only trading hours - that I can guarantee. Must read boards and get a feel for investor sentiment etc.... I AM NOT A TECHNICAL TRADER - I AM A MOMENTUM TRADER. 4.I make approximately 50 trades a week. 5. I hold overnight - I am a momentum/gap trader. Make most of my money on morning gaps not intraday trades. Not much of a scalper. 6. Doesn't matter what winning percentage is - you could hit 30% and still come out ahead if your gains are large and losses small. On the other hand you could hit 70% and make nothing if the other 30% incur large losses. Hope this helps, JL