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Strategies & Market Trends : Fatty's Donut Shop -- Ignore unavailable to you. Want to Upgrade?

To: Matt Brown who wrote (1315)	5/19/1999 5:20:00 PM
From: Jeffrey L. Henken	Read Replies (1) \| Respond to of 5041

Matt, you are master of your own trading fate. Market makers can and do take advantage of unsuspecting investors. I'm still not using level II and I recognize a lot of what is going on despite that fact. Winning the "Wire to Wire" competition is particularly challenging because it strips away the opportunity for a daytrader to simply make money off of momentum, or a gap up, over the previous day's close. Sure you can call your sell point but you can't win the competition unless your stock closes at a higher percentage gain than at the end of the day than all others in the contest. Obviously that does not mean you cannot take a profit along the way. Besides we are all winners just for competing. Thanks, Jeff