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Strategies & Market Trends : DAYTRADING Fundamentals

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To: KymarFye who wrote (14194)9/22/2001 12:04:39 PM
From: fut_trade  Read Replies (1) of 18137
 
"What are your questions? Not that I'm sure I can answer them..."

On the top of my wish list is that I would like some of the more successful traders to describe in detail how they set entry levels and protective stops. From what I understand, they use a process so complex that it can't be programmed in a useable manner. They trade with a feeling for market externals - news - sentiment - gut feeling. Nothing wrong with that. But I would like to know how to build a better trading system - and it doesn't help to read any TA books out there.

"I have also wondered why system-trading appears so much more prevalent in commodities than in stocks, but I'm not at all convinced that the reason has anything to do with an inherently lesser susceptibility of the latter to systematic approaches"

Each stock is different. Each futures market is different. You could develop a trading system for a given stock, but it probably won't perform well on other stocks, or even the stock you developed the system for if new "news" enters the long term picture of the stock. The nature of a stock changes more rapidly than the nature of an entire market. That is my gut answer, although I've spend very little time developing systems for stocks.
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