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Strategies & Market Trends : Strictly Buy and Sell Set Ups
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From: chowder1/12/2006 5:36:50 PM
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FOOD FOR THOUGHT ...

Re: Intraday trades .....

I have shown 29 trades so far.

There are 21 winners.

There are 8 losers.

A 72% success rate so far.

The best part is the winning trades have won twice as much as the losing trades have lost.

I have a 2-1 profit to loss ratio and the success ratio is 72%. (I usually do 80%.)

There are those who make a living doing this. You just don't read about them in the news or in books. It's not a strategy that can capture the imagination of people to inspire sales of books for this type of trading.

It's much easier to capture the imagination of people to buy an undervalued stock and sell it for tons of money.

There's nothing wrong with that strategy, it just doesn't outperform the market consistently year after year.

I'm a proponent of doing both long and short term trading. Going long and short on positions. This is how you outperform the markets year after year. The strategy takes what the market gives and the buy and sell set ups are conceptually sound so they work in all market conditions when applied to the proper time frame.

Last year I showed how just working the swing trade time frame could produce very good returns. The intraday results doubled them. The shorter the time frame, the more accurate and successful the trades were. The numbers above have shown that so far.

dabum
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