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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Eric P who wrote (1006)6/18/1999 5:30:00 PM
From: TraderAlan  Read Replies (2) of 18137
 
Eric,

<I would suggest a minimum profit target for a trade of 1/4 point on 1000 shares, and it is probably easier to be successful if you are trading for 3/4 point to 2 points per trade.>

There is an additional benefit to cutting down your position size and trying increase the average gain per WIN. Trading 500 shares for 3/4 point is much easier to achieve for many traders than 1000 shares for 3/8 point.

It's all on the risk side of the equation. You can let a 500 share position move against you further and capitalize on larger swings than a 1000 share one. And considering how much whipsaw there is in the market, you're more likely to sell a 1000 share position prematurely than a 500 share one.

Alan
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