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Strategies & Market Trends : DAYTRADING Fundamentals

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To: TraderAlan who wrote (14156)9/21/2001 11:00:35 AM
From: fut_trade  Read Replies (1) of 18137
 
"<the profits will come from riding the small rallies in individual sectors and subsequently shorting them>

It's called swing trading ;-)"

Does anyone know what the success rate is for catching swings? I would guess about 60%-80% for a good system. And if one has a bad system (I'm sure there are many more bad systems then good systems)...well then they will see red.

And then there is the issue of stop placement...

The best systems I have seen that were numerically tested are break-out systems. I doubt one will find success riding small rallies.
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