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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Nemer who wrote (43110)8/20/2002 11:01:58 AM
From: Nemer  Read Replies (4) of 53068
 
Positional Trading using TA only

it is verrrrrrry likely that sometimes there are incorrect assumptions drawn by various members of the Zthread pertaining to trading methods of OTHERS here ---

first ===== a quickie synopsis of how I see these various posters ******(((this list is compiled from postings to the Z in the past four(4) days))) in order of appearance in that time frame ....

Ron ==== uses all tools
Triffin ==== don't know enough about trading style to comment
Joe ===== highly aggressive
Ed ==== FA as applies to his perspective
BWAC ==== indepth FA, mostly relying on company figures/reports
Larry ===== FA with personal experience adaptation
Nemer ===== gunslinger
hui zou ===== FA profit/growth based
KT ===== trades like he uses the camera ... results matter
Dan ==== very similar to Ed, but uses highly rudimentary TA
Carl ===== don't know enough about trading style to comment

these are generalized comments
and, I do not intend to denigrate anyone,
and am drawing conclusions based on limited,possibly inaccurate, and perhaps even MY biased outlook .....

but, nonetheless .... I do have a "picture" of each of the posters "in MY head" ....right or wrong ...

NOW ...
and this is where I can illustrate the potential for inaccuracies ...

when I came to the Z ........
buy and hold ONLY, and LONG term at that using FA and TA *(but primitive TA)
learned to flip short termers using TA
moved to day trades
moved to faster day trades
became a polished gunslinger with TA ONLY making trades with long term holds of fifteen minutes

see ... I've not been a fast momo guy for very long, but
most posters "think that is what I am" ....

now ...
I've been working for the better portion of three years on a positional method .. using TA only

here is an illustration of "what I do now" ....

es02u
long July 25
short July 31
long July 31
short Aug 1
long Aug 6
short Aug 7
long Aug 7
short Aug 13
long Aug 14

STILL long from the last position Aug 14
so,
that is a few quickies of one day or less *(stop induced) for little losses or breakeven
a few of a week *(slightly more or less)

I call this positional trading of an indeterminate length ==== the stops take me out WITH a nice profit (as a rule) or WITH a relatively small loss
and let the winners run TIL the profit pie commences to dwindle .....

there are fewer than ten trades in about three weeks .....

largest loss ====== two points
largest winner ===== seventy nine points

don't know why I wrote this post, actually ...
for it will seem like bragging, and that is not my intent ....

guess I can sum it up as follows =====

I've changed tactics COMPLETELY in five years
and
am changing AGAIN ....
all my methods have proved profitable

BUT -- if I don't change I'll lose my edge AND my profit potential .....

I can highly suggest to all here that you consider changing from you old ways ....
even tho they have served you well in the past ...

change is the ONLY method to STAY successful ... the way I see it ...

end of lecture/lesson/preaching/etc ...

t
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