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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Dave O. who wrote (2496)8/7/1999 11:47:00 AM
From: Threei  Read Replies (1) of 18137
 
The comraderie at an office can be a positive but you need to trade your style

This is very true. I often see good trading results at the same day achieved by traders applying different and even polar approaches. It's not uncommon when somebody says "What a beautiful day for shorting!", I look at my plays - most of them were long, and I am pretty happy with results. Even more than that: I saw mostly long opportunities while other trader found plenty of shorts! Or, another example: I do well with low priced stocks (I don't mean pennies and no-volume of course), and I hear plenty of people saying that they get burned with them all the time and found them unsuitable for trading...
All this means probably the following: while objective market reality exists, market is big enough to have a room for any approach, strategy, trading style - and we choose eventually what we see, what kind of opporunities we attracted by etc. Trader becomes Trader when he found something very HIS own inside himself and formed approach he is comfortable with. This is one of the traps of any training: it can teach you mechanical things but you and you only is the one who has to find that YOURS style - unborrowable and unlendable.

Vadym
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