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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: GROUND ZERO™ who wrote (7952)	11/5/1998 10:06:00 PM
From: Patrick Slevin	Read Replies (1) of 44573

Heh, you know, except for BTW you will never find a post by me that uses an Internet acronym. Just can't get into it. Not even a Smiley Face. But your post had me LOL. So anyway. I was at an ANN seminar in Washington where a guy complained that his Net Models broke down so badly in July , August he had to day trade. I don't think keeping those senses sharp is a bad thing. Take Tom, for example. He nailed 17 points in about 2 hours on Monday. He did not take off his long position to do so. Now, he got hummed for about 8 points since so he is ahead 9 points in three days ...3 because he did nothing today. I don't really think that day trading is anything more than an exercise in keeping oneself in tune so to speak. I don't need to daytrade, I just like it. I think it keeps me sharp and in touch. It's the sort of thing I do not have to lose sleep over because when the new day day dawns I am in cash. If I choose not to trade and play golf or whatever instead nothing changes with respect to my net worth....plus or minus. So I understand what you are saying....hell, Tom will tell you I've been trying to work out a position system since we started talking here on this thread back in May. However, I have daytraded for about seven and a half years I think. What I told Tom many months ago was that as we age the nerves go and that was why I wanted to eventually move to a position system. But meanwhile, after over 7 years I think I'm starting to get the hang of day trading. LOL Honestly though. I have put a lot of time into learning how to day trade the spoo and I am very comfortable with it. What I am trying to get comfortable with is the reality of allowing a system, whether ANN or Mechanical, to dictate to me that I should go long or short. Think of it this way; there is a machine that can create a product or there is the satisfaction of creating it yourself. The Machine is going to make more money; but I have something more than money, if you know what I mean. I guess you prefer to call it the action rush; I think of it more as an art. It's something I tried to develop. It's not as if it's a kid's game or whatever. It's really something I have put quite a bit of time into. Generally speaking, there is a reason why I put a trade on one way or the other. It's not a helter-skelter sort of thing. Anyway, it's my prime source of income and they ain't repossessed the Bentley yet so until I figure out what you and Tom are doing I'm stickin' with it.

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