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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Kevin who wrote (1312)	6/23/1999 3:09:00 AM
From: Teresa Lo	Read Replies (1) \| Respond to of 18137

Trend rules works well so long as there is a trend in whatever time frame you're looking at. It goes without saying that a market that is locked in a sideways chop on the daily chart is not going to be the most dynamic either so its important to look at the overall picture as well. I think most people find it easier to trade off daily charts because there are less decisions to be made per unit of time. But a daily chart requires much large stops that are appropriate for that time frame, so the definition of slow lane should be to use daily charts on very small positions to build skills. Or better yet, try some paper trading. I personally think the futures markets are much safer and trend better when compared to stocks, and (even if you have no intention to trade futures) to practice pure technical trading as an exercise, you could try the online paper trading thing called P.R.O.F.I.T. offered by Lind Waldock lind-waldock.com