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

To: Tom Trader who wrote (36603)	10/14/1999 10:22:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

I'm certain that if one puts the work in it is achievable, I believe I can but I'm too lazy. For example I take a lot of time off. But in effect, good trading seems easy but there is a lot of work to being a day trader, and much of it is off hours. I know pretty much what I'm going to do and pretty much when I'm going to do it before the market opens as a rule. It takes a lot of time to figure that out, and if I were truly dedicated and put the time in I could do it much better. But unlike Zero I like to get up to go to the terlet once in awhile. Speaking of the Contest interfering, I just broke this Post off to move my Stop up in the another Post. Another thing about why everyone would have different results using the same system is that each would tend to Enter at different points....or not at all....and Exit differently. I see nothing wrong with these guys providing seminars, I attend 3 to 5 each year myself just to see if I can pick up one thing. Even if I spend an entire weekend yet learn only 5 minutes worth of stuff that 5 minutes will pay for itself in time. I just came back from one a week or two ago, matter of fact, and it sharpened some techniques that I was unsure of. Funny thing, as a side note, this guy was a pit trader. He said he used to hold overnight in the SnP's....then he said he would never do it again. He did not elaborate. The really oddball thing was part of the software he gave out had a system for trades extending over a multi-day period. When describing it, he mentioned that he never used it himself. Odd, because I've been watching it....it really seems viable. But something happened to the guy and he just will not hold overnight under any circumstances. Brother, I know the feeling. But that's a sense of discipline for you....he developed a viable Position Trading system to give out yet refuses to touch it himself because of his own rules.

To: Tom Trader who wrote (36603)	10/14/1999 10:32:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

Worst damn thing about this Contest is where to place the Stops, There are obvious Spoo points to place Stops but there is so much slop in the Small Contract that they often overshoot. For Example, I think if the intraday trend continues up my Stop is Safe. But on the Mini it can easily blow by where the spoo really stops, so although I may get taken out in the Contest I might still be long for real. But it's too much to think about, I can't use one Stop for real and then have to figure out another one for the rubber band action of the Mini.