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Annapolis Bancorp, Inc. (ANNB) Message Board

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  • dontgetityet dontgetityet Jan 6, 2005 4:57 PM Flag

    Platform setup

    Also have a virtual account of $100,000 to paper trade with but one has to be very careful to know which account you are using.

    Didn't get much trading done because of the new system and nothing seemed like a very good play from what I did see.

    Very interested in QQQ being at support and NEM down at support also. SHould you wait till open to buy or can you buy at support before close and wait overnight to take advantage of the open?

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    • "SHould you wait till open to buy or can you buy at support before close and wait overnight to take advantage of the open?"

      _______



      keep in mind if you do that the afternoon before an important economic report (you are checking the economic calendar on Briefing.com each and every day, right?) is released, as in this case, the eagerly anticipated non farm payrolls that the entire market is holding its bated breath for, than, a possibility is not that you will take advantage of the open, but the market might take advantage of you. Risk management is always paramount. Market may gap up and you will feel like a genius, and if it gaps down you will fell like a moron, especially if you are margined to the hilt.