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

To: wallstreeter who wrote (400)	1/23/1999 5:46:00 PM
From: Tom DuBois	Read Replies (1) \| Respond to of 611

I agree with you on taking small profits...one can make some significant cash just going for a 1/4 or 1/2. Every once in awhile you'll catch one just right and ride it with a good tight stop. One mistake I've been making is looking for a good Bid/Ask spread and trying to buy at the bid. If its trending up, I don't get filled. If its trending down,I catch the falling knife. Better I think to find one in an uptrend and go "Market"(if you are quick enough -- watch out for the I-Nets!!) and then take a quick profit or put in a tight stop. My goals are modest...if I can make a couple hundred a day after commissions, that will supplement my retirement income nicely. This is entirely possible with small gains on each transaction and an occasional "Home Run" to offset the inevitable losses.