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<DIV><FONT color=#000000>Jeff & Victor,</FONT></DIV>
<DIV><FONT color=#000000></FONT>I day trade mostly Nasdaq stocks, tho some
NYSE... just got in the NASD groove a while back. I spent a year trading
wildly. I started in the summer of '97 when you could hardly make a bad
trade. Everything went up sooner or later & that taught me to hold my
losers and soon they were winners. That was a BAD LESSON TO LEARN! I
made a lot of money, but eventually the market turned and many stocks never
recovered from downturns and I was still holding. A year later most of my
money was gone and my ego and confidence were shot. I've spent the last
month learning to get flat at the end of the day and I can finally do it.
But here's my problem: I'm so terrified of even a $50 loss that I will
jump out of a trade the second it turns against me. Markets need room to
negotiate and I can't seem to give it room before I bail out. Jeff, you
said you hope for a 1 point run, but I can't seem to stay in more than a 1/4
point before I grab my profit and run! I use a 3 minute chart with a 3
period MA crossing a 24 period MA as my signal. Any wisdom regarding
this? Thanks!!! </DIV>
<DIV>Best wishes, Linda</DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>jeff krenz <<A
href="mailto:jskrenz@xxxxxxxxxxxxx";>jskrenz@xxxxxxxxxxxxx</A>><BR><B>To:
</B>RealTraders Discussion Group <<A
href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>><BR><B>Date:
</B>Sunday, October 04, 1998 2:45 PM<BR><B>Subject: </B>Re: Day Trading
NYSE<BR><BR></DIV></FONT>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><FONT
size=3><BR><BR></FONT> </DIV><FONT size=3></FONT></FONT><FONT
size=3></FONT>
<DIV><FONT size=3>Does anyone know of a good system to day trade stocks
(trading many shares daily) on the NYSE and end the day
flat? </FONT></DIV>
<DIV><FONT size=3></FONT> </DIV>
<DIV><FONT size=3> I don't know of a system other than the
ones that I try to create. I am a daytrader of NYSE stocks mostly.
I try to buy them when they start moving up from a low signalled by a
Stochastic crossover below 20 and moving average crossovers 3,8,16.
These stocks must be high volume (over 2 Mil shares traded a day) with a
wide range each day (at least 3-5 points) to give enough movement in
each swing or wave to capture at least a point using 1 minute intraday
bar charts. The stocks I like best are AOL, TBR, CMB, AMZN, YHOO,
LU and CMGI. I like the NYSE stocks best as they tend to move in more
predictable swings. The Nasdaq stocks have more volatility (bars are
longer) and turn more quickly. The morning moves between the open and 90
minutes in are more fruitful.</FONT></DIV>
<DIV><FONT face="" size=3> Does anyone else trade this way
and have any advice on improving this system?
Jeff</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Sun Oct 04 16:22:58 1998
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From: Gary Bodnar <gbodnar@xxxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: RE: Day Trading NYSE
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jeff Do'nt change your system.. If it works good.. I trade using simple
mva.. and Im a short term rather than just a daytrader... I been watching
the Globex and noticed that I can tell what kind of day the stock will have
on that particuliar day.. If I check to see how globex sp500 doing an hour
before the exchange opens, one could tell how the day would be like. I know
it sounds so simple.. Good tradings to you all..
Gary
-----Original Message-----
From: jeff krenz [SMTP:jskrenz@xxxxxxxxxxxxx]
Sent: Sunday, October 04, 1998 2:41 PM
To: RealTraders Discussion Group
Subject: Re: Day Trading NYSE
Does anyone know of a good system to day trade stocks (trading many
shares daily) on the NYSE and end the day flat?
I don't know of a system other than the ones that I try to create.
I am a daytrader of NYSE stocks mostly. I try to buy them when they start
moving up from a low signalled by a Stochastic crossover below 20 and
moving average crossovers 3,8,16. These stocks must be high volume (over
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