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Strategies & Market Trends : trading the QQQ

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To: bernard rogers who started this subject	6/13/2002 9:23:53 PM
From: jficquette	Read Replies (2) of 714

Hi Bernard. I am not a great trader and do not pretend to be. I do make money 83 percent of the days. The days I loose money are days where I try to tell the market what to do LOL. Bernard, please, do not use the one minute charts. The markets are pure chaos and obey only statiscal laws. The market itself does not know where it is going from one minute to the next so how can you?? Do this for yourself. Do not use anything smaller than 15 minute charts and take trades only in the direction of the slope of the daily 3 period simple moving average of the close. Do not ever sell unless the stochastics are overbought and never buy unless they are oversold. Never buy or sell unless it is on a pivot. Allow 50 cent stops and take profits after 50 cents. There is always 50 cents a day to be had. Also sell large gap ups and buy large gap downs. Consider trading the QQQ and use 100 shares for the next 25 trades. Bernard, I learned the hard way. You can make money in the market but you have to play by the rules that the market has made.

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