Posted by btr
Tue, 06 May 2003 00:26:47 GMT
It looks like all indexes pause a little today.
SUNW continues to move up with heavy volume.
SOHU is at its peak (19.15) since IPO. It has made massive moves from the risk of delisting last year when it went under $1.
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Posted by btr
Sat, 03 May 2003 18:09:24 GMT
Here's an interesting
article. Here I copied portion of it. We can figure out which pond we are in.
| NAME |
POND |
HOLDING PERIOD |
FOOD SOURCE |
QUALITIES |
| Investors |
Random |
No clue |
No Clue |
No Clue |
| Mutual Funds |
Daily |
Weeks |
Investors |
Huge amounts of money, Marketing/research groups, and a tackle box full of Investrador lures. |
| Swing Traders |
Daily |
Days |
Investors |
Smart, careful. Decision-making after market hours. |
| Institutions |
15 Minute |
Hours |
Mutual Funds |
Deep pockets, Move Markets over short timeframes, very astute, inside information. |
| Day Traders |
5 Minute |
Minutes |
15 Minute Fish |
Waits for rock solid plays. Decisive. Decision making during market hours. |
| Momentum |
2 Minute |
Seconds |
Investradors |
Timing High Volume, High Volatility Stocks. |
| Scalpers |
2 Minute |
Seconds |
Everyone |
Happy just going click, click, click all day long. |
Basically, you are taking money from the timeframe above you and giving money to the timeframe below you. For example, if you measure your holding period by minutes, then trade off a 5 minute chart. However, you need to monitor the 15 minute and daily charts for opportunities. Likewise, use the 2 minute chart to monitor that pond for hazards. But remember if you are playing in the 5 minute pond then stay there. Don't move from pond to pond.
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