Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tony B who wrote (11897)	3/29/1999 10:02:00 AM
From: Trader J	Read Replies (1) \| Respond to of 56535

**All & Tony - I am giving longer term position trading more of a chance now. I have been quite happy with day trading but, as you know, I like to be nimble and take what the market is giving. I am seeing so many nice beat up values right now that the chance to jump on some of these without the stresses and hassles of ins and outs of day trading. I have ALWAYS thought that the best strategy for me was as a position trader with day trader tendencies. I am trying to pick those issues that I feel have significant upside potential compared to the risks of downside. I then concentrate on that issue selling into market weakness in an attempt to shave my cost average. Basically selling the tops and reentering at what I believe the low to be. So far it has been working pretty well. Still need to keep that daytrader philosophy though so that you don't get stuck in a 10 point loser. BUT...... it depends on the issue. Take DELL for example, if DELL were to lose 5 points, I wouldn't sweat holding it because you know it will be back .... but I would set a stop just in case. On some of these other issues like WEBT or MMPT, I would sell it immediately on any weakness as bottom for these issues is a long way from here. Trade well. Tj