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Strategies & Market Trends : Pristine Lite -- Ignore unavailable to you. Want to Upgrade?

To: FRED KAYE who wrote (134)	5/27/1999 9:15:00 AM
From: pristine	Read Replies (1) \| Respond to of 163

Fred: First of all, I'd like to apologize for the delay in my response. As may well know, I have been working on the final phase of my book due out late summer/early fall. As for your $325 per day objective, it may be a bit too aggressive as a daily goal. I would actually drop this by 1/3 which in and of itself may be tough at times, but that amount is closer to reality in my opinion. There will be days in which you dwarf your $325 target, but we must factor in losing days as well as days during which nothing much is happening to the stocks we have placed bets on. These are the days that drag down an average. It's not so much that $325 is hard to make on any given day. It's more a factor of the days that we slip, or the days that things just sit still. Your approach in my view should be as follows. 1) Establish a universe of stocks comprised of these 3 major indices: DJIA, S&P 100, and Nasdaq 100. 2) Sort each list by price in ascending order. 3) Manually look at a daily chart of each stock under $20 in all three lists. As a trader with limited funds, you should be concentrating on this price range. 4) Use the many trading tactics and techniques you learned from me in Pristine's One Day Trading Boot Camp. 5) Keep in touch. Follow these 5 steps, in addition to continuing your education through Pristine Lite, and you should be just fine. I hope this proves helpful, Fred. Oliver L. Velez Your teacher