SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : DAYTRADING Fundamentals
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Richard Estes who wrote (5604)11/22/1999 12:07:00 AM
From: OZ  Read Replies (1) of 18137
 
Simply because you disagree, doesn't have anything to do with validity except to you.

That is exactly the point I am making
But why make all or none type opinions. Such as "level 2 is worthless" or "market direction has no importance on individual price action" or that "execution methodology does not make a trader". Since you are the one that most frequently states that you do not look at market direction and just look at price action, let me offer this:
If the NASDAQ is falling like a rock one should at least consider reducing lot size when getting long on a new position in that environment to maximize risk/reward. On another thread you posted that pre-market activity is not useful beacause it is fiction until the rest of the market participates. Well, if I am holding a stock overnight with a 1/2 point profit and a 3 point target and it gapping up 1 1/2 in the premarket, I am going to sell it then due to all the selling pressure that is going to be put on the stock when the market opens. That is not fiction, that is money in the bank. I am not the one here that dismissed anything completely. I agree that price action is MOST IMPORTANT and that PRICE ACTION of MARKET DIRECTION can be factored in to make better decisions. The only thing I think is crap is when one completely dismisses the other.

OZ
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News