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Ahh... it helps to get the right day!
But stocks like this have a huge daily range. Trading for the bigger swings
you should trade small enough to withstand the typical volatility. You're
playing for a move that might take several months, so you gotta be able to
handle the short-term wiggles. For example if you're playing for a 50 point
move you would trade 1/10 the size as you would for a 5-point daytrade.
rgds phil
http://www.patterntrader.com
----- Original Message -----
From: Daniel Goncharoff <Daniel.Goncharoff@xxxxxxxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, January 26, 2000 7:26 AM
Subject: [RT] Re: day trade vlnc (12of 16 good)
> Uh, maybe he dislikes being the guy who bought SDLI on Monday at 275, and
had
> to sweat out the ride to 235 on Tuesday before coming back into the 260s
> today...
>
> Regards
> DanG
>
> Phil Lane wrote:
>
> > I never can figure why people want to work this hard!
> > I mean, you could always do it EASY way, i.e. buy some leading stocks
like
> > SDLI, JDSU, TQNT, ITWO etc and double your money just by hanging on for
a
> > while.
> >
> > I'm not picking on you!! Just searching for answers. With any luck we
could
> > get a good discussion going.
> >
> > rgds phil
> > http://www.patterntrader.com
>
>
>
>
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