Monday, March 3, 2008

FAST MONEY

This trade is not for the faint of heart!! In today's market, there is much volatility and when you look at charts, sometimes you feel like you are on a roller coaster. But, why not enjoy that roller coaster and take advantage of the thrill--
If you are able to watch charts, it is very easy to slip into a trade at the right moment, grab a few bucks and then get out, sometimes within a few minutes. The key is to time your entries and exits. Watch for a breakout of a pattern, up or down, and catch the momentum of the breakout. Then, when the stock slows down, or starts to retrace, get out of the trade. You could be finished for the day. Why not?? Happy Trading!!

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