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

To: GROUND ZERO™ who wrote (37168)	10/17/1999 7:03:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

<except that this is supposed to be a way to find out whether day trading or position trading > No it's not. First of all, Position traders aren't just position trading. You must have traded twice or perhaps three times the contracts I have. Gersh perhaps three times that, although he is listed as a day trader I think. Then too, there are only three day traders. The force of odds puts us at a disadvantage. For my own part, I did not view it as such a contest, but I can do that if that is what the objective is. I imagine with my equity I can flip over 20 contracts several times a day. But that's a waste of my time, your time, and everyone else's time. I thought the objective was to hone trading skills, not to prove whether one form is better than another. In any event, it's easy to show Position trading is not as good as day trading....all you have to do is look at how many Position traders have negative equity at this point. It's not that one or two Position traders are doing better than 0ne or two day traders. The bulk of the Position traders are in the loss column. Be that as it may, whatever the objective is I'm not changing my approach. The way I am trading here is the way I would normally trade....contest or no. It's a way of keeping a diary, if you will, of my mistakes. If I blow up somewhere I'll be able to go back and see it on line. That's of particular interest to me. So each of us has a different objective, or so it seems.