[Metastockusers] ***** My Picks For Monday 01/10/2005 *****, MetaStock Email Archive

Time: 8:50 Am E.S.T. Remember that the Picks are a Watch List List of Stocks. By that I mean Only enter after the Trend is Confirmed. Again Wait to at Least : 10:00 AM, EST before entering any trades, this helps clear out any Market Makers that have been painting the Tape. Next As Always use Trailing Stop Loss Orders for added protection, since Day Trading & Swing Trading are RISKY. Use Your Level-2 Screen to Watch MM's & Order Flow especially pay attention to the Spread between the Bid & Asked Price. NOTE: Watch The Level-2 Screen Carefully & Exit the Trade once profitable if the Tide Turns. & Stick with your Stop Loss if the Trade goes against you. ***** Longs : CMCSA, PRT, JOE, PPC, GT, SBUX, ERICY, FON, SNUS, WIZD.ob /// ***** Swing Trades : KLAC, RFMD, ELBO, WWCA, EK, SIRI. /// ***** Shorts : GM, F, VZ, T. /// ***** Remember : To Exit at or prior to 2:00 Pm. This is Because 2:00 PM EST Tends to be Close to the High of the Day for Longs & the Low of The Day For Shorts. & the Reason I added Prior is So that You Know TO WATCH YOUR LEVEL-2 Screen & Exit if the Tide Shifts between Buyers & Sellers. The 10:00 & 2:00 Rule are like the Drivers Safety Rule, Hands on the Wheel at 10:00 & 2:00 For Maximum Safety. This applies to the Market as well. When operating your trades Do not Enter before 10:00 am & Exit BY 2:00 Pm. Now there are times once you are advanced you can break the 2:00 Pm Rule. But Not Now. ** NOTE : DAY TRADING & SWING ARE PRONE TO MORE RISK ! Remember INVESTING INVOLVES Risk Never Invest/Trade Any More Than You Can Afford to Lose. ** Know your Financial Goals Decide if Day trading is right for a portion of your portfolio or not. DO YOUR OWN RESEARCH. Understand Your Risk Tolerance, Time Horizon for Financial Objectives. Understand the Tax Bracket you are in & the TAX Situation that you may have with Active Trading in a Non Qualified Account. ** PICKS Are For EXPERIENCED TRADERS ONLY. ** Picks are for Paper Trading : Entertainment Purposes. BOOKS On Level 2 Screen Reading : The Electronic Day Trader, Authors : Marc Friedfertig & George West. Mc Graw Hill Publisher. // How To Get Started in Electronic Day Trading. Author : David Nassar. Publisher: Mc Graw Hill. : // The NASDAQ Traders Tool Kit. Author : M. Rogan LaBIER. Publisher :Wiley . // Also Web Link : Tools-of-the Trade.com : All of the Books Listed are Highly Recommended Reading By Most Trading Sites, Next They are on Sale at Most on-line book stores for : $1.00 Each. Now Thats Cheap. Read them & Expand your Horizon. ***** Take Care & May You Have A Prosperous Day ! ***** ~ Bill ~ Link : http://www.groups.yahoo.com/group/AAQuants/join ** Join Now & Be On Your Way To becoming More Market Savvy Today ! ************** _____________________________________________________________________________ _____________________________________________________________________________

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