DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: - who wrote (856)	6/16/1999 6:28:00 PM
From: Teresa Lo	of 18137

No problem - we'll be there. It was a tough day today, the toughest in a while, but I made quota, and I won't moan too much. But as you can see, trying not to scalp is very difficult, but in the long run, it's the only way to go - William Eckhardt's interview in the Market Wizards says it all - intelligentspeculator.com The battle is to keep risk in line with reward and not focus on the batting average. We must make every attempt to stay out of choppy markets, trade the trend in hand (but I don't think today was really a trend day by opening monster gap up and then treading water) and devote the rest of the time to finding emerging trends. Another good read is The Phantom's writings, the link for which Cleavis posted for us yesterday at futuresmag.com Thanks for all the kind compliments. Over the past month, many capable traders have found their way to the "chart" room and they have added to our knowledge, particularly of tick, trin, prem and fibonacci applications. Kudos to them as well. Hopefully some of them will write an article or two and I'll post them up for this thread.

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