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To: uclatrader who wrote (24635)	2/7/1999 10:10:00 AM
From: ThebigE	Respond to of 120523

Jenna, I am in virtually the same position as Shuo. I am a long time lurker and have benefitted a lot from your thread. Am looking forward to your response to Shuo. E

To: uclatrader who wrote (24635)	2/7/1999 6:14:00 PM
From: kha vu	Read Replies (5) \| Respond to of 120523

Level 2.... If you read all of Jenna's posts in December and Early Jan, she mentioned that she no longer think that it is profitable to stare at the monitor and watching level2 for the move of 1/8 of the price of A STOCK...her strategy now is to get into a stock at the early phase of the earnning anouncement...then sell before the anounced date OR riding thru that date if there is a momentum in volume and price... I find that this strategy is perfect and release you from watching like a hawk on a stock and try to make a profit on 1/8 ... However, Here is the compiled list of all you want to read about level2 and daytrading: Day Traders Educational Resources: Silicon Investor Home Page techstocks.com #1 Day Traders Site - The Final Frontier Subject 16961 Keep Your Eye On The Ball Message 3514164 Applied Derivative Trading adtrading.com Financial Trader Magazine ftrader.com Wall Street & Technology Magazine financetech.com Technical Analysis of Stock and Commodities Magazine traders.com Futures Magazine - Art Of Day Trading futuresmag.com Traders World Online Magazine: tradersworld.com From The Trading Desk Subject 15612 Elite Trader - NASDAQ Level 2 Explained elitetrader.com Commodities Trader Consumer Report: ctcr.investors.net Best Of RealTraders realtraders.com FAQ on Computer Trading Systems jurikres.com Troutman teleport.com Equity Analytics e-analytics.com Jeff Cooper Article realtraders.com Jeff Cooper Hit and Run trading thread Subject 12444 Larry Connors Article: realtraders.com Linda Bradford Raschke - Swing Trading mrci.com NASDAQ Execution Systems Explained yamner.com NASDAQ Trader nasdaqtrader.com NASDAQ Market Makers: nasdaqtrader.com Margin Explained savoystocks.com Hedge Fund Defined/Performance Figures vanhedge.com Stock Detective stockdetective.com Day Trader Strategies pristine.com Traders Glossary traders.com. Great Articles From The Trader's Coach: Adrienne Laris Toghraie Message 2961193 Message 2961315 moneymentor.com traders.com. traders.com. Money Mentor - Sunny Harris Trading Resources moneymentor.com International Institute of Trading Mastery- Dr Van K. Tharp iitm.com ADT Beginners Guide: adtrading.com ADT - Trading Techniques: Message 2988701 Traders Digest tradersdigest.com Bad Boys Of Capitalism inc.com Townsend Real Tick Software thread Subject 10862 More Great Trading Articles: sitm.com.au sitm.com.au Momentum Day Trading - Tricks of the Trade Subject 18748 SOES Trading Subject 5250 Best Remote Brokers For Day Traders: A. B. Watley(Real Tick III) abwatley.com A. B. Watley SI thread:https://www.siliconinvestor.com/subject.aspx?subjectid=16597 Castle Online (KillerKey) castleonline.com Castle Online SI thread:https://www.siliconinvestor.com/subject.aspx?subjectid=16861 CyberCorp (CyberTrader) cyber-corp.com CyberCorp SI thread:https://www.siliconinvestor.com/subject.aspx?subjectid=13095 MB Trading(Real Tick III) trading-quotes.com MB Trading SI thread:https://www.siliconinvestor.com/subject.aspx?subjectid=19037 Remote Trading Resources: Mobile Computing & Communications magazine mobilecomputing.com Best Internet Quotes For Day Traders Quote.com quote.com Yahoo International Markets quote.yahoo.com PC Quote 6.0 pcquote.com PC Quote SI thread: Subject 1409 Reuters Internet Quotron. internet-quotron.com Reuters Internet Quotron SI thread: Subject 18400 S&P Comstock on the Net. spcomstock.com S&P Comstock on the Net SI thread: Subject 18825 Best Books For Day Traders ADT - Best Books:Trading/Technical Analysis adtrading.com Futures Magazine Book Reviews available online: futuresmag.com Best Books On Trading elder.com Traders Library traderslibrary.com Traders Press Bookstore: franchise.fantasticshopping.com Best Chart Sites For Day Traders Intraday Charting Site iqc.com Charting site at CBS Marketwatch: cbs.marketwatch.com Charts of commodity charts, including financial indices: tfc-charts.w2d.com BigCharts bigcharts.com Best Technical Analysis Sites For Day Traders TA Software Comparisons traders.com Historical Data tradepbs.com Wall Street City. wallstreetcity.com Watch List Screening Site stocktools.com Great TA threads around SI. Subject 8225 Subject 8452 Subject 16291 Subject 7865 Subject 6674 Subject 9027 Best Fundamental Analysis Sites For Day Traders Free Edgar Access freeedgar.com Best Sites For Day Trader News and Real Time Information Link to RTtrader Chatroom Subject 14489 Bloomberg Online bloomberg.com Briefing.Com briefing.com Daytraders Online/Chatroom daytraders.org Best Sites For Day Trader Tax Related Information Enhancing Profits Through Incorporating exchange2000.com Income Taxes and Record Keeping ( tax ) Subject 17266 IRS web site for Pub 550, Investment Income - irs.ustreas.gov Best Links To Other Day Trader Links Elder.com elder.com Cyberinvest cyberinvest.com Traders World Links tradersworld.com

To: uclatrader who wrote (24635)	2/7/1999 8:18:00 PM
From: kendall harmon	Read Replies (1) \| Respond to of 120523

Shuo you have asked a fine question and I wonder if I can chime in in part because it would take a minimum of a one hour telephone conversation to try to begin to answer your questions. Jenna could probably employ two full time secretaries already! I think what is essential is to determine what kind of a trader you are and then to find a system that fits your needs. I am amazed at how few people actually do this. There are lots of different kinds of traders, but you can divide them up into something like four groups. (1) Scalper-extreme active day trader. This is someone with multiple monitors who trades 50-150 tickets per day, often taking just 1/8 or 1/4. Some of these folks will even do this with only one stock like DELL, coming to know it like their best friend. (2) Active day trader. This person trades between 10-50 tickets per day and uses news based trades as well as big winners and losers to determine what plays to make. Sometimes they use a real time chat room and sometimes they do not. Often they take 1/2 point to a whole point. (3) Swing or position trader. This person might trade 2-5 tickets per day but will hold a position for several days, even up to a week or more. They often use lots of technical analysis a la Gary Smith of thestreet.com, and they look for 1-3 point moves or more. Jenna's system fits very well within this mold, though it can be used in other ways. (4) General trader. This person will hold stocks for weeks or even months at a time, and sometimes will not trade on a given day at all. They different fundamentally from an investor in terms of their time frame--months or quarters, but not (very often) a year or more. A good example of this is the traders portfolio in the outstanding newsletter called the Chartist put out by Dan Sullivan in Seal Beach, California. Dan's work comes out consistently among the highest rated by Mark Hulbert. Now my classifications could be criticized, but basically something like this is where people are. THESE DIFFERENT APPROACHES HAVE FUNDAMENTALLY DIFFERENT NEEDS. (1) Needs a system such as MBtrader cybertrader which includes level two and a good news source and much else (2) needs a good trading system such as brown and Company or AB wateley and a good news source and IN SOME CASES LEVEL 2 (3) needs something like e-trade and a good system like jenna has (4) has very minimal broker needs and could just use fidelity or some such, but could also use some others if they wanted to You sound like you are moving from three to two and so it is a matter of debate as to how much you need level 2--depends on how you trade. Hope this is of some help.