News Focus
News Focus
Followers 163
Posts 20152
Boards Moderated 0
Alias Born 07/08/2002

Re: gtober post# 255822

Thursday, 06/10/2004 10:44:36 AM

Thursday, June 10, 2004 10:44:36 AM

Post# of 704047
Hi, gt,

I use Daily charts at night to set my strategy for a stock, timeframe for the trade, and possible entry, exit and s/l points. I move to the shorter timeframes during market hours to monitor and place trades.

I prefer to ease into a position and ease out, sometimes daytrading part of the position and holding the rest for a longer-term trade, depends on the action. Some trades are strictly daytrades, some strictly swing or position, some a mixture. Some stocks I don't like to be without any position (especially on the "little guys" who can go parabolic at any time), so I'll hold at least a small position at all times (though generally that position is a "free" position due to previously taken profits from daytrading it).

Everyone uses different methods. This works well for me. Hope this answers your questions.

N2B

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today