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Strategies & Market Trends : Position Trading Forum

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To: William W. Dwyer, Jr. who wrote (2763)	10/3/1998 9:38:00 PM
From: Bill Green	Read Replies (1) of 7247

Bill Excuse me for butting in, but I have read The Daytraders Advantage. As for any book there are one or two insightful comments that can help your overall strategy. Other from that it is commentaries from various traders after page 77. My favorite comment is and I will quote. In day or swing trading, it is a good idea to exit a profitable trade if the market cliamxes on heavy tick volume or "fast market" conditions. It is a high probability that the high or low of the day is being made at this time. If the market hits your resting entry orders under these conditions, expect immediate profits or be alert for anther wave in the same direction. This is basically another way of saying buy when everyone else is selling and vis a vis, which I must add I haven't mastered yet <g> Good luck Billy

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