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Strategies & Market Trends : Tech Stock Options

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To: Patrick Slevin who wrote (42244)5/5/1998 12:43:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) of 58727
 
But you see....your way still has alot of intuitiveness to it

as opposed to
a mechanical system

Kevins system used to work like this:

here is the break point (whatever combo of tools is used for that) for today...if it breaks this point with a .50 buffer go short

and dont look at anything else....and trade this come hell or high water...

an adjustment might be...

trade this break only IF the "Choke" indicator is on a sell signal

look at how you word yours...these two lines converge but direction is not certain..etc etc etc....

TT has this purely mechanical mindset...much like Kevins system...

and thus to see him not to do that on daytrading would be odd for me
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