KEEP IT SIMPLE TRADING Message Board

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Strategies & Market Trends : KEEP IT SIMPLE TRADING

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To: mistermj who wrote (280)	4/1/2004 6:09:16 PM
From: Michael Watkins	Read Replies (1) of 321

For what its worth, with a big number around the corner, I generally stay flat or at minimum, am unlikely to start a new long or short position. EOD traders who do not have the luxury (or eternal damnation) of being in front of a trading terminal all day really can't afford the whipsaws. I think a better use for the high leverage stuff would be to join a trend when it has started. There are plenty of techniques for doing that... but the key is to wait until a trend (or at least a swing) has started. Just a thought. QQQ long trade up 5.14% so far since entry - decided to risk the profit and remain long. This may all change tomorrow. I figure the worst case is I lose some (perhaps a big chunk) of the profit, but none of the capital. 6 days up now, its either going much higher or the swing is about to end.

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