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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: virtualsignal who wrote (44299)	3/29/2001 1:41:39 PM
From: Patrick Slevin	of 44573

Habits like that are hard to break, so it makes sense that he still does it. I knew a guy who only recently got a credit card. He is perhaps 60 years old or so. Many people my age are the same way. I'm never comfortable unless I have several hundred dollars in my pocket. Years ago few people had credit cards and few places took them, so being stuck on a lonely road away from home was a problem. Even now I still prefer to use cash over a card. Some market, eh? I guessed early that this thing might jiggle between 60 and 70 most of the day. The reason I mention sleep is because I do better if I get enough rest. Otherwise, I do better by waiting until the afternoon and relax in the morning. That could be a part of it; maybe it has nothing at all to do with it. It's just something to consider. 20 trips a day is quite a lot, for me anyway. I guess we are about 60 plus trading days into the year and I have 280 trades. That's seems a bit high for me as well, actually, but it isn't. Only because I trade multiples. So in reality that may be 120 trades, let's say, for an average of two trades a day. The real number is probably closer to three trades a day. It takes a certain kind of personality to trade 20 times a day. If for no other reason than stress. I would be out of my skull were I as active as that. The real art to try to develop is to divine the right timing. For example, it may be correct to be Short going into the final hour but by the same token it's not necessary to be Short all day from the 1163 level where it is now. It may be just as well to wait to see how it handles the Lows of the day and take it Short then. At the very least, look at it running into the Bond Close and see if there is an opening for a Short then. Trading in the middle of the day, particularly on a day like this, is probably not necessary. Gotta go, good luck.

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