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Strategies & Market Trends : DAYTRADING/SWINGTRADING STOCKS with INTRADAY INVESTMENTS
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To: deronw who wrote (172)6/3/2001 3:15:21 AM
From: -  Read Replies (1) of 565
 
Coming at Intraday Investments: Online setup descriptions!

This week we'll introduce a new innovation for the benefit of Intraday customers: online descriptions & diagrams of many of the setups we trade! This will include a list of criteria that must be met for the setup to qualify; market conditions/sectors we trade the setup in; confirming market action to look for; etc. We will not be giving these setups cute little names which are hard to remember; they are all based on time-tested knowledge which is already in the public domain. No "slim joe banger 180's" from us, no Sir! Simple descriptive names e.g. "Pullback reversal", "200MA Fade", "Double-top Fade", "Gap up fade", Gap down fade", etc. so you won't need a cross-reference to remember what they are and how they work.

The stalk sheet will identify our nightly setups by type, and you'll be able to go to a live URL to study it, pick up nuances, etc. Also, as we post live entries into the room, we'll tell you which setup is triggering the entry.

We will be the first to tell you that learning HOW to trade setups yourself, is much more valuable than trying to follow someone else trading the same setup. It's like the difference between knowing how to operate a computer, and knowing someone who knows how to operate a computer! We believe the setup descriptions will be helpful to customers on many levels.

Good trading, -Steve
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