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


To: Cash who wrote (3191)8/22/1999 1:02:00 PM
From: Bilow  Respond to of 18137
 
Hi Cash; Regarding changing my share size when I'm in a streak... Backtesting suggests I should simply trade normal after any victory, and trade small after any defeat. I have not yet been able to pull this off. The last time I tried it, it caused me to start thinking of each trade as to how it would impact the number of shares I would trade in the next trade. This is getting away from market action, so it was not good.

I'm going to try this again, but only after I've got to the point where trading is dull enough, so I've got the extra "bandwidth" to control my emotions about changing share size... Trading is more about emotional control than I ever would have believed as a rank beginner.

-- Carl