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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (9837)	2/24/1999 12:54:00 PM
From: Tony B	Read Replies (1) \| Respond to of 56532

CD - picking low... Hmmm... When I want to buy at the low, I usually just select that option with my broker. Doesn't yours offer you a "buy at low" choice? I don't use it very often, cause it sorta feels like cheating... G llater, Tony B

To: Canuck Dave who wrote (9837)	2/25/1999 5:47:00 PM
From: J.S.	Respond to of 56532

C Dave, You would have gotten more answers to your question by omitting the phrase "successful daytraders". Very few, and certainly not me, are fitting that rubric recently. Better late than never, I have retrieved your answer from a pro: mtrader.com read and enjoy --- although be careful in weird markets (aren't they all ;%) Here is another theory: As it happens I happened to catch an exact bottom on ITGR yesterday. I was so thrilled with my method that I decided to give it a name...........Dumb Luck. Basically midway through the day I thought that ITGR was well off its high and might get support at about 5. Then I reasoned that sometimes they actually go lower than you think and so I decided to put in a limit order at 4 13/16. The lowest quote of the day which lasted for 5 to 10 seconds only was 4 3/4 to 4 15/16. My bid was taken out. Unfortunately it gapped down not up today. News was too good. I think I got out 4 31/32. Where are those popsicle stand companies when you need'em. Good Luck, Joe