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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?


To: Rashid Garuba who wrote (9150)5/27/1999 12:44:00 AM
From: shasta23  Read Replies (2) | Respond to of 59879
 
Rashid!

I think that's a good concept to combine a list of stocks for maybe positions trades with daytrading stocks(cash cows to milk) where you can make money while you wait for your entry points to arrive. Sometimes you won't get a desirable entry in the position trades and then you still make money doing the day trading.
I haven't used alarms yet -but should- and put them all on the Streamer but miss things when i don't watch and it's also tiring. Should use AUDIOalarms and do some gymnastics for the back!!
Was wondering how big you allow your watchlist to be? My experience is that if it's too back everything get's blurry. Better is also when i'm familiar with the stock.Then i know the levels much better.

As a sidenote: used L2 the last 3 weeks or so and that was really interesting and at the same time confusing for me which made me less succesful. Normally i do swing trades to position trades but with level too i lost overview and got caught in the jungle of upticks and downticks and sold way too early when i saw a build up on the ask e.g
Before i didn't know anything about that and just looked at the 30min MACD trend and if that was alright excepted it as normal volatility.
For daytrading it's really helpful but it took me out of my normal time frame and that wasn't that good. Still made some money and learned but it's not a money machine by itself.

Thanks for sharing!

Stefan