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Strategies & Market Trends : Waiting for the big Kahuna

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To: Follies who wrote (26495)9/4/1998 12:04:00 PM
From: HairBall  Read Replies (1) of 94695
 
dale: I'm saying someone calling the market has no commitment unless they are playing the game. What I mean is too many people say " the market will go up unless it can't then it will go down, maybe" What kind of commitment is that? At least in the game you can't equivocate.

I agree with you on market predictions, with no substance!

Are you saying your second biggest loss of the year (on a daily basis) was mostly commissions? Unles this was only your second day trading day I don't believe it.

Yes that is what I am saying! Maybe I should not mention my actual trading results, good or bad!

What is your trading style?

Gee, you call me a liar and then you want to know my investing style?

I started investing for myself in 1986. I took both medium and long term long positions and day traded until the late eighties. I stopped day trading I believe in 1989. I found my investment style coupled with the bull market, did not warrant it at the time!

I just started day trading again about three months ago. I don't take a position, unless I am very confident. I establish a entry price, stop loss and profit point. If the price moves against me, I close ASAP! This action limits my losses, big time!

However, not being perfect I do have loosing trades. I determine my winning and loosing days by the balance at the end of the day. If I have made several trades during a given day, sometimes most of my expenses/losses are commissions.

NOW...please don't call me a liar...AGAIN!

Regards,
LG
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