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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Eric P who wrote (66)	6/6/1999 12:25:00 PM
From: KM	Read Replies (1) \| Respond to of 18137

Eric: Maybe a topic for discussion: pure scalping based on Level 2 trading strategies vs. TA based holds of longer duration?

To: Eric P who wrote (66)	6/6/1999 12:32:00 PM
From: David L. Carter	Read Replies (2) \| Respond to of 18137

Eric, Great Thread! One question I have is identifying the right price to stop a loss or to enter a stock. Most all my loses have been from trying to estimate when to jump back in a stock. I was up 400%+ ytd until a month ago. Since that time, I have lost a decent portion of that gain trying to jump back in the market when I feel it was coming back, only to be wacked on the side of the head. I then think I will wait it out a little more holding, hoping the market will turn back, only to have my profits wittled down further. The reason I am anxious to be in the market is that it seems that when the market returns it returns big. Missing that one day could be 20% or greater. Do you or anyone have any advice on setting proper entry, exit prices on stock/market. I just switched to Cybertrader which will allow me to set a trailing stop loss on NASDAQ, NYSE issues. One hears about stochastics, moving averages, MACD etc. I would be interested to hear of anyones experience in setting the parameters for the buy sell. One of the fears I have had is setting an electronic stop loss is the market for a particular stock will drop suddenly from some erroneous trade triggering my sell and causing me to miss the upside. Thank you in advance.

To: Eric P who wrote (66)	6/6/1999 11:47:00 PM
From: ig	Read Replies (2) \| Respond to of 18137

>I wouldn't even consider making a trade from >chat advice until I was extremely confident >in the integrity of the poster. Anyone who trades based on a "call" from a chatroom is bound to go broke, no matter how reliable the caller. I do very well by monitoring several chat rooms, but not because I take anyone's advice. Rather, I run a quick check on what's being called, on my own. My success depends on my ability to quickly research and size up the potential of the trade. If the call was good, but I was too slow or too late in evaluating it, I recognize it and abstain from the trade. Trading blindly on a chat call -- no matter who the caller -- is suicide. Knowing how to use a chatroom to one's advantage is quite a different story. ig