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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime
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To: Shaw who wrote (47838)2/17/2001 4:03:18 PM
From: parker_meridian  Read Replies (2) of 62348
 
Yes, I see you are befuddled. It's not a comment on predicting or lucking into a big gain or loss...it's a comment on strategy. If you are taking positions where you are willing to risk 30% on NT...but have profit objectives measured in quarters...it's simply not a sustainable strategy. Someone could have an incredibly high win percentage and would still end up a loser. The problem is, people are trying to scalp counter to the primary trend, with win potential small, loss potential huge. If you want to take pennies for profits, you need to make sure to keep losses are similar...there would be no way to hold NT overnight and do that. It would only a matter of time until one less trader on the thread.
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