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Strategies & Market Trends : Trading For A Living

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To: Robert Graham who wrote (684)	7/4/1998 11:18:00 AM
From: dpl	Read Replies (1) of 1729

> Draw downs is an area that I think you will agree is important to the success of the trader. Look at that date in October 1987 for an extreme example of this.< Robert,you are thinking LT.Even on days like in 1987 the market does not go straight down.Look back on a intraday chart if you can find one. The point is that the shorter term you trade,the more you want volatility.The 500 point day last Oct was a great day for me.Did every trade work? No.I remember a long on Dell that went the wrong way :-) Also daytrading is the one area that leverage makes sense.A 1/8(or whatever) is 1/8 no matter how big your position.If at the end of the day you have positive points you made money. The only problem I have with these posts is that they can give beginners the wrong idea.

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