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


To: - who wrote (2299)8/2/1999 1:56:00 PM
From: Robert Graham  Read Replies (1) | Respond to of 18137
 
I have not read Boucher's report on the net sector. From your description I see it does not represent him well. This does surprise me. But as you alluded to in your post, there is a difference between more generic market knowledge and understanding the current state of affairs in a particular market. Also like you have mentioned he is more of a fund manager than a trader. Hs emphasis is more on selection than trade management. And I do have problems with his "creeping commitment" type of money management. I think this needs to be explained more in his course along with how to manage the trade.

Haggerty may be able to call the open, but his market analysis leaves me wondering if he is really trying to provide an accurate analysis of what is relevant in the market with some useful market insight or just saying something to print. At times I am also left wondering if he is printing material that will facilitate his own mutual fund's trading operations. I do not actually believe this, but I am left with this thought in my head at times by the way he has written up his daily analysis and then consider what he had left out that was very important and obvious to me as a trader in the market which would conflict with the impression about the market that his write-up left with the reader. Perhaps it is the identity issue that you mentioned in your post that is causing some of the problems with his focus on what is useful information: that of a manager of significant fund operations with paid people on staff to handle the details like execute trades in the market and that as an individual day trader. So much of what he sees and automatically understands of the current market may not be important to him in the same way it was when he was an individual day trader. So this information does no get relayed to the reader.

Jeff Cooper on the other hand apparently places more effort in much of his market analysis and does at times afford some worthwhile insights into the current market. His focus is on trading the market. This is useful stuff here. However, I do not follow his picks. Many of the picks that I looked at over a couple days left me thinking here must be better examples of his setups to be found in the market than the ones he chose to include in his report. I guess he has to leave the quality picks for his for pay service which is separate from tradehard.com and much more expensive.

Just some thoughts.

A couple questions. Have you found Cooper's fax service to offer worthwhile setups and market commentary? How about its educational value?

Bob Graham