Hello,

My apologies for not posting in a while, I've been pretty busy...I'm taking a summer mathematics course and it's keeping me quite occupied. Anyways, I've updated my trades and I think I'm getting a little more consistent now...however, I've got a long way to go before I can say I'm good. Anyway, I've got two questions that have been bugging me:

1. When do you guys like to dip buy? I'm nervous about dip-buying, because although I can see the support levels that would be ideal to buy at, and I see some stocks form perfect hold-support-at-previous-resistance patterns that would be great for dip-buying, I see just as many that go to that support level and then just drop below it and tank. Do guys have a certain time or area that you like to dip buy at? Do you wait until the stock's dropped 10% below its highs, or..? What I mean is, when do you say to yourselves "okay, this stock has dropped enough that it is safe for me to dip buy"? Any help is appreciated.

2. What are your thoughts about holding overnight? I've been seeing so many opportunities, so I've very quickly been maxing out my day trades (I'm under PDT rule). So, I've been trying to buy EOD spikers during the last hour of the market, and then hold overnight & sell at market open the next day. This has had some success, but I wanted to get your help & opinions on it: Have you tried this same strategy as well? What types of patterns do you try to look for before buying EOD & holding overnight? Should I keep doing this? Any thoughts on this are appreciated as well.

That's all I've got for now, but I will keep you posted on my progress and blog again soon.

Peace,

-Ben C.