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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (26448)	6/28/1999 6:49:00 PM
From: Compadre	Read Replies (1) \| Respond to of 44573

SE: Good luck to you guys tomorrow. That last minute rally in the NDX through me off. I would venture to say that we gap down tomorrow. Regards, Jaime

To: SE who wrote (26448)	6/28/1999 6:52:00 PM
From: Jerry Olson	Respond to of 44573

Scott.. from a very smart lady and group...i don't have time to be there live..but you can be in their room all day watching the commentary on going as it unfolds real time... nice voice..Canadien...hmmm French....:>} edit: forgot the copy????Respond \| To: IntelligentSpeculator.com (1398 ) From: IntelligentSpeculator.com Monday, Jun 28 1999 5:19PM ET Reply # of 1407 In today's trading there was one good example of breaking resistance on a tall white candlestick, one failed Grail buy set up and a very tricky 2B top, which required use of multiple times frames to execute successfully... Chart and audio specific to the comments are at intelligentspeculator.com Next Previous \| Previous \| Next \| Respond \| View reply to this message View SubjectMarks Bookmark this Subject

To: SE who wrote (26448)	6/28/1999 7:13:00 PM
From: Patrick Slevin	Respond to of 44573

My experience is that Position traders can afford to win on less than 50% winners but Daytraders look for better numbers. Primarily because Daytraders are using scalping, so they cut losses as a rule to a minimum number of points but their winners often stop cold at a minimum number of points. So, while a daytrader can easily get a 10 point run, more often the daytrader is happy to get a string of several 2 or 3 point runs. Of course, the Mini does make it a bit harder to be satisfied with such results. But I would imagine that it's a good proving ground, and if one were to do well consistently enough then the available capital moves to the point where more contracts can be placed....more "managed" risk assumed.