DAYTRADING/SWINGTRADING STOCKS with INTRADAY INVESTMENTS Message Board

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Strategies & Market Trends : DAYTRADING/SWINGTRADING STOCKS with INTRADAY INVESTMENTS

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To: stullbj who wrote (191)	6/4/2001 7:21:31 PM
From: deronw	Read Replies (1) of 565

Brian, We do NOT follow that many setups on a regular basis. That number simply reflects the total number of different types of setups that the three of us have traded in the past and will trade in the future. In other words, we are not scanning for that many different types of setups each day, but each of our trades we enter will be able to be cross-referenced with at least one of those setup types. In fact, most of our trades will be able to meet the criteria for several different types of setups. I do agree with you that it would be totally overwhelming to actually scan for that large a number of different setups. They will simply be there so that ANY trade we enter will always be able to be referenced to a particular setup with a matching text description and annotated graphic. We are starting with about 20 - 30 different setups, but we eventually expect to have 150 - 200 types of setups to reference in our online library. The 20 - 30 different setups we are referencing now are the the more common, higher probability types of setups.

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