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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Eric P who wrote (5120)11/2/1999 4:17:00 PM
From: OZ  Read Replies (1) of 18137
 
Eric and Leland,

I raised my startup daytrading capital up 20% in
5 days by making one adjustment to my methods.
The one change is buying intraday highs and stopping
at intraday lows. This is applied to setups on my daily
charts. This one change would have kept you both in the
trade. The problem with buying at the 52 week high or at
a previous day high is that you can get turtle souped and
your stop loss (both the intraday low or the previous day
low) is to far away. By entering on intraday highs, your
risk reward is dramatically improved. You can even
increment into your position if you commission schedule
allows it. This one change has literally opened the money
vault for me. Try it.

OZ
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