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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (24666)	9/3/1999 1:17:00 AM
From: David Weis	Read Replies (1) \| Respond to of 99985

<<If you are interested I will post my rules for trading.>> Okay, Larry. You have my attention. What rules do you follow? Let me guess Rule #1 ---- Don't watch (listen) to CNBC??? grin David

To: HairBall who wrote (24666)	9/3/1999 6:55:00 AM
From: Jerry Olson	Respond to of 99985

LG LOL..hahahahahahaha SI, did i say it includes me???<G> stay Kewl....

To: HairBall who wrote (24666)	9/3/1999 8:14:00 AM
From: Matthew L. Jones	Respond to of 99985

LG (and OJ too), I'd love to see your rules. I'd be curious to see how similar they are to mine. I think that maybe what I said somewhat tongue and cheek, you guys took seriously. I'm a little frustrated right now, because I don't like sitting in a "whipsaw" market. I quit daytrading because I didn't like the roller coaster. I much prefer position trading (and BTW I'm up about 75% since February when I quit daytrading in favor of the longer position and swing trading). I'm just not someone who likes to do all the homework, do the T/A (I've been a believer in T/A for years-- IMO it's the real key to making money in this business because it is the visual picture of the crowd psychology that IS the market) and the S/A (which is new to me but I think it will be an asset in the long run). I was about half serious regarding putting on a straddle over the weekend (mainly because I am convinced that something dramatic is going to happen next week, but from my T/A and S/A I can't for the life of me decide which way it is going to break. I just have a feeling that this market is about to show us a big move and the straddle seemed like a sure fire way to play it no matter which way it goes. I have done a good deal of options trading on equities, but just not on index options (which don't fit into my risk management). Thanks for the comments and for worrying about me. I didn't realize I was sounding so "lost". Just frustrated. If I'm gonna sit at this desk in front of these computers I want to make money. I know that not trading is sometimes the best trade to make, but it's still hard for me to sit for days on end and do nothing. Well, I'm rambling so I'll quit for now. Thanks again for your support. Matt