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 : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: Reloader who wrote (1926)	4/17/1999 8:44:00 AM
From: William W. Dwyer, Jr.	Read Replies (1) \| Respond to of 2120

Reloader, When you find yourself constantly in a position where doing "the right" thing is so difficult that you cannot do it, the answer may be that whatever you're doing is not fundamentally sound in the first place. In other words, whatever you're doing to put yourself in that position is the problem. Perhaps you're taking the wrong kind of trades, picking the wrong stocks, using an unsound trading strategy, etc. And, when one constantly hears that something like 80)% - 90% of daytraders lose over time, having the problem you mention would seem to follow logically and naturally. The odds are simply against you. Bill

To: Reloader who wrote (1926)	4/21/1999 10:09:00 PM
From: Adelantado	Respond to of 2120

Dave: I like your statement: "...I think that my basic problem in this situation is my perception of what the market SHOULD do vs what it IS DOING. I often go in in the morning expecting a stock to do great things and buy accordingly only to find, once more, that I am 180 degrees off from reality.." The reality dispite what everyone says is that no one can predict the market direction. If it were possible soon there would be no market, only a bunch of winners without loosers. I suggest that you forgo any attempt to predict market direction on a day to day basis or follow rumors or even believe in technical analysis, to learn the reasons why stock prices move. With that knowledge and study, you will have the advantage over the lazy ones who rush in and out of securities as fast as feelings of greed and fear guide their trading. With knowledge and study, you will have the confidence to buy when you appreciate the stock to be undervalued, then buy more as the price decreases even more knowing that the investment is sound based not on rumors but of facts and knowledge of the market mechanics. Good study and trading. Joe