Experience, discipline rule day traders at Carlin By Jane Seccombe Journal Business Reporter Dan Gentry knows the risks that lie ahead. I'd play it light this morning. His prediction of unsettled conditions proves right. Within seconds of the opening bell, the Dow Jones industrial average is sinking like a stone. The benchmark index recovers some time later but will eventually end the day in nowhere territory.
Emotion can be fatal.
We just want to know who's going to win the argument over the next couple of hours. The rewads can be great and the losses even greater. At Carlin Financial Group's new office at 380 Knollwood St., the stock traders have been drifting in since 7 a.m. The technical charts on the computer monitors in front of Gentry indicate that the stock market is consolidating, a situation made more volatile by a speech by Allen Greenspan, the chairman of the. He's not expected to say much, but there's no telling how the market will act.