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Non-Tech : The Woodshed

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To: CharlieChina who wrote (7634)5/21/2004 1:29:31 PM
From: Michael Watkins  Read Replies (1) of 60903
 
Reviewing the staple-min-data-cells,... the probability of profit for swing and day traders has been reduced to 18%.

Hence, if you are swing or day trading this market between 10,250 - 9950,... you are being mislead by OTHERS,...


Clearly you don't know the difference between swing and day trading.

The intraday trader could care less where price is ultimately going, since they go home flat each day. All the intraday trader cares about is volatility.

For example:
10:33:04 Mike: BUY STOP LIMIT 1/4 siz e 1092.

trendvue.com

11:14:31 Mike: starting to get beyond stretched.
11:14:41 Mike: exiting in 10 second or less here.
11:14:50 Mike: 8,7,6
11:14:54 Mike: 4,3,2
11:15:22 Mike: that lsat second takes alongt itme but I am out.

The swing trader, on the other hand does need direction and velocity in order to achieve goals with a minimum of risk to capital.

Last comment:

Who are you to comment on misleading others? Is your idea to buy and hold while price drops? Your "portfolio" was down -26.98% as of the close yesterday.

even if the market tanks next week, buying here would be more sensible than your holding through such steep losses.

Beware of the bat:
economist.com
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