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

To: wwmd who wrote (10693)	3/6/1999 4:29:00 PM
From: MMK	Read Replies (1) \| Respond to of 56535

wwmd: I would suggest not to try to day trade is you can't be at your computer during the trade. Short term or momentum trading would certainly be better if you are careful and keep your stops. Sunday chat... all are welcome. I will send you the address via PM. Hope to "see" you there! MMK

To: wwmd who wrote (10693)	3/6/1999 5:33:00 PM
From: Tony B	Respond to of 56535

wwmd - I am in a similar position as you. I have to work during the trading hours and there's no telling when I could get a call that could take me away from the computer for a few hours. I would suggest giving it a try. I would imagine with a good use of stops, it would be possible to do okay. Definitely don't attempt any quick scalps if you can't focus all of your attention on the market. Issues you feel comfortable holding overnight are probably the best. Again, give it a try, but don't try to force anything. If you continue to lose, stop and re-evaluate your strategy. It may be that you just need a little more time, research, or just some time-off from day-trading. I've come to the conclusion that I'm jsut not cut out for day-trading. I was constantly losing or just squeaking by in my trades. I decided to stop. Maybe I'll try it again in the future, but for now I'm sticking with position plays. These I can hold for a few weeks or, simply a few days. I guess I'm trying to be a position trader with day-trading tendencies. I am comfortable holding for an extended period, but will definitely sell if the movement is looking bad. So far, I've been doing pretty well. Just play around with different ideas and maybe a few practice trades. Find where you seem to excel. Stick to the things that you do well and make a couple bucks. Good luck. llater, Tony B