Daytrading lessons learned the hard way

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Strategies & Market Trends
Daytrading lessons learned the hard way

An SI Board Since July 1999

Posts	SubjectMarks	Bans
24	5	0

Emcee: GBT	Type: Unmoderated

Introduction Compact

This thread is to provide investors with valuable lessons that will help its readers be more effective traders in the future. I think everyone has made serious errors in their trading that they will never do again. This thread is a place to describe these errors in general and make a list that the daytraders can use in their daily trading regimen.

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
24	Market orders are handy when a stock is moving up fast. You will probably sell	linsol	-	8/5/1999
23	Thank you. The info you sent me was very helpful. That is the biggest lesson yo	linsol	-	8/3/1999
22	FWIW cbs.marketwatch.com	AJ Berger	-	8/2/1999
21	Enjoy!	linsol	-	8/2/1999
20	Yep, we must be on the same wave length. Discipline has to be our most importa	GBT	-	8/2/1999
19	Hey Sammy, welcome to the thread. I think the biggest problem for new traders	GBT	-	8/1/1999
18	sammy check out my posts.	linsol	-	8/1/1999
17	Hi GBT. I started a thread on this subject yesterday. I just found yours. Guess	linsol	-	7/31/1999
16	Hi, GBT good advise I'll keep them in mind.I am new to the day trade and t	Sammy	-	7/30/1999
15	I think a responsible trader (not gambler) develops rules that they trade by an	GBT	-	7/29/1999
14	Sometimes the hard lessons can cause a melt down. ATLANTA (Reuters) - A gunman	Brander	-	7/29/1999
13	You ain't lyin', dood.	Don Pueblo	-	7/29/1999
12	OK, I won't argue with that. I use market orders when I need to get out of	Don Pueblo	-	7/29/1999
11	i disagree, i think limit orders should always be used, even it the limit orde	EyeDrMike	-	7/29/1999
10	David, I agree with you never is pretty strong. I was talking about buying a f	GBT	-	7/29/1999
9	GBT, I have to respectfully disagree with the word NEVER in your post. I have	David Lind	-	7/29/1999
8	Chicken, thanks for the trading rules, and I agree if a stock is moving away fr	GBT	-	7/29/1999
7	Some suggestions for new traders, use them if they make sense: Message 6329480	Don Pueblo	-	7/29/1999
6	Yes. When your deal is going the wrong way and you want out fast.	Don Pueblo	-	7/29/1999
5	i mostly agree...i never use them anymore...$5 extra is worth it for me..marke	redwood	-	7/29/1999
4	After getting burned on numerous market orders, the only time I will use one is	GBT	-	7/29/1999
3	is there ever any safe time to place a market order?....redwood	redwood	-	7/29/1999
2	<b>Never</b> place a market order to buy a fast moving stock. It i	GBT	-	7/28/1999
1	You have just made a good score on a stock that is running like crazy, and your	GBT	-	7/28/1999

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