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

To: Robert Graham who wrote (5031)	10/25/1999 1:16:00 AM
From: Cormac	Respond to of 18137

Robert - Thanks for the great response - it was better the second time I read it and got even better the third and fourth. I especially like your observations about changing markets and the profit to risk profile. I appreciate your observations regarding the push and pull of systematic and intuitive trading - the balance between the two is difficult to find at best. I agree with your supposition about "good and successful" traders..."that what they see on an intellectual level as their methodology or system turns out to be different in significant respects from what they are actually doing". I think this is the fluidity that is present in successful traders as they are constantly reacting to the changing market, always in the context and subtext of past observations of behavior and movement of "like" market macro/micro dynamics. The following quote from your post bears repeating: "...That is because these technical constructs are just tools that the trader understands does not make the money. The trader does not let the tool obscure what they are seeing clearly in the market. But many traders use these tools to paint the picture for them in place of the reality that the market is actually providing them through price action." Great stuff IMO Thanks again, Cormac PS - have you ever climbed at Smith Rock?