June 1st | Day Trading Of Stocks
After going long around the low point, he needs another double stop on 180 or 179 7/8, place for if the point of resistance is broken, after he has treated and long gone, he should switch his position in a jiffy. Not doing so would place him in the attitude of a guessed. If he plays on this plan he must not dilute it with other ideas. Remember this method applies only to a very dull market, and, as we have said, is a precarious thing. We do not recommend. It will not as a rule pay the Tape Reader try scalping fractions of the leaders in a dull market. Commissions, taxes and the invisible, in addition to frequent losses, shapes too large you eighth disabilities. There must be wide swings as profits more than losses. and the thing to do is wait for good opportunities. ?The market is always with us? is an old and true saying. We are not forced to trade and the results does not depend on how often we trade, but of how much money we make. There is another way of converting a dull market to good account, and that is by trading in the stocks that temporarily active, thanks to manipulative or other causes. The Tape Reader does not care a bit what kind they put a label on the goods. Call a stock ?Harlem goats preference? If you want, and make the asset, preferably by means of manipulation, and the agile Tape Reader will trade in it with profit. It doesn?t matters to him, whether it?s a railway line or a shooting gallery; It explains or regular or ?Irish? dividends; or the abbreviation is X Y Z or Z-Y-X as long as it delivers clues and a wide liquid market on which to get in and out. On March 26, 1909, beet sugar take the day when Union and reading were so boring. It was easy to beat beet sugar. Even an embryo Tape Reader would have gone long on 30 or below, and if it never left him in doubt he could have dumped it over just before the closure, or held until the following day, when the 331 ? hit.
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