Momentum Daytrading - Tricks of the Trade Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Eric P who wrote (130)	1/9/1998 1:31:00 AM
From: Dave O.	Read Replies (1) of 2120

< A skilled trader with a "real" method would need a success rate of 70% just to break even, if he targets a 3/8 point gain or loss per trade. > This is true based on the assumptions you put forth. In my case I trade stocks with just 1/16 spread. Thus that cuts $62.50 off each trade (1000 shares). Further, I use the ISLD and INCA to buy/sell. This essentially allows me to act as a MM since I can buy at the bid and sell at the ask. Taking this into account reduces the required success rate quite a bit. Last, I attempt to trade with the momentum and bail when it stops. Dave

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next