Systems, Strategies and Resources for Trading Futures Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Patrick Slevin who wrote (20574)	4/9/1999 1:02:00 AM
From: Nemer	Read Replies (2) of 44573

Paddy Ol Son --- Position trading is waaaaaayyyy too hard on my nerves. It didn't use to be back when the DJI was in the high Fives, or maybe even when it crept into AG's "irrational" Sixes. But along in that area I started keeping track of my scalps and my positional holds..... heck, in a typical two or three week hold, I was making 10 to 20 points and thinking I'd found the yellow brick road, but, I got hit several times with some losses, too. My scalps, on the other hand, were getting me out of the losses with only a couple of point hits and I was gaining three and four.... so, that's when I decided that it was more pleasant to try to capture 60% of the move (up or down) by grabbing the middle than it was to "forecast" that the spoo was going to move xxxx points in yyyy days with a stop loss that would keep me out of the poor house if/when I was incorrect. SI is responsible for me learning this lesson the easy way ..... but Beans is still easier than Spoos ...... Nemer

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next