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One of the highest forms of stock trading involves two strategies: 1.
Buying breakouts from relatively short, low volatility bases out of stair-step
patterns, and 2. Using active 3-beta tech stocks (the best of growth stocks)
as trading vehicles bought on specific entry patterns, but only after general
market declines, where patience, then swift, decisive action is required.
This is the highest form of trading, leading to compounding on a monthly
basis, yearly gains of which the public is unaware, and never being involved in
a severe decline. It is short-term trading with days to weeks' hold periods,
but not daytrading.
There is an ongoing definition and discussion of this, at a non-commercial
website, by a group of long-experienced fund traders. It's purpose, with good
intentions, is to combat the enormous amount of trash material for sale that
has grown up around the investing and trading industries. But it is not just
advice for beginners; it is an explanation of the very highest form of trading
there is. You may have to read several installments at the site (there are
many now, with a new one every two weeks) to get the idea. It's straight
market talk. There is no other equivalent site on the Net. You're invited.
New Breed of Stock Trader
http://members.aol.com/davetrends
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