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Strategies & Market Trends : Trading For A Living

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To: Hawk who wrote (376)	6/9/1998 11:12:00 AM
From: David R. Parker	Read Replies (1) of 1729

Hawk...here's what I'm doing... Yes, I scalp for incremental points in day trades...but I really have done better position trading. I can usually get 1-5 points with a days/weeks time horizon. I've resisted this in the past...residual work ethic problems I think...Hehe....because position trades take a lot less of your time. As to "systems"...so far I'm mostly an "opportunist" trader. I try to take advantage of gradual, low volume price declines on solid companies, irrational panic sell-offs (I jumped on INTC at 66 last week), and roll good companies that are trading in a "dependable" (HA!) trading range. I've been reading about Gary Smith's GBS Classic system (www.thestreet.com) but I haven't played with it yet. Regards, David

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