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Re: A deleted message

Tuesday, 11/03/2009 4:22:40 PM

Tuesday, November 03, 2009 4:22:40 PM

Post# of 52074
Strange logic? I was once a day-trader working for a large European-based futures and options firm. A day-trade was only EVER put on when the FAST-STOCHASTICS hit " -90%" or even lower (i.e. majorly "over-sold" territory on an intraday basis)... or opened well below the previous days close.

Today there was an absolutely magnificent opportunity to do just that when the stock opened at .12

I am interested in why you waited until it had risen to .15 before you bought??? a three cent move from .12 to .15 represents a 25% rise! In other words, you waited until the stock had even moved 25% BEFORE considering it a low-risk entry for further intraday upside gain???

Please read my post earlier about "fear of indecision"...it applies to day-traders as well (*hint*)

Finally... please don't take the tone of my posts today as being in any way "negative, condescending or insulting"... that is the very last thing I want to do to anyone on here. I am a passionate but ruthless technician when it comes to trading. Why??? Because I value money and I intend to make more of it...and if there is any way at all in which I can help some of you guys to make more of it too, then I will have done my good deed for the day :)

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