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


To: SteveDavis who wrote (12213)4/5/1999 3:14:00 PM
From: Trader J  Respond to of 56535
 
NSOL - Message 8593365

Tj



To: SteveDavis who wrote (12213)4/5/1999 3:15:00 PM
From: Wes Stevens  Respond to of 56535
 
Steve,

I hear you. I had every intention of getting into TRAC this morning. I had no idea it would run the way it did. I still am going to wait till 10. There will be more like TRAC I'm sure. But overall I think sticking to the plan is the best course.



To: SteveDavis who wrote (12213)4/5/1999 9:30:00 PM
From: DM  Read Replies (1) | Respond to of 56535
 
Steve,

Lately I have been day trading, getting in and out same day, and I have found that the seems lately if I am not in pretty much within the ist 30 minutes i miss the opportunity as the stocks I am trading are news driven and go up and down very quickly.

The first 30 to 60 minutes of trading is very fast, so you have to be able to get in (and out pretty quickly).

If you are trading longer term, i would say from 1-5 days, then get in on the pullbacks and sell into the morning strenght.

Just my opinion.
DM



To: SteveDavis who wrote (12213)4/5/1999 11:23:00 PM
From: zora  Respond to of 56535
 
Steve

I have L2 quotes and would never jump in during that first 30-60 minutes without it. Even now I wait because I trade at work and one work related phone call could result in a loss because I wasn't able to watch my trade.

Position trade is easier on the nerves.

zora