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

To: Richard Estes who wrote (5366)	11/12/1999 9:13:00 PM
From: David N. Jones	Read Replies (1) \| Respond to of 18137

Richard, What about the notion that if the overall market trend is down then trading activity is best directed toward the short side while when the market trend is up then the percentages favour trading the long side? Regards David

To: Richard Estes who wrote (5366)	11/12/1999 11:12:00 PM
From: shasta23	Read Replies (1) \| Respond to of 18137

Hello Richard! "Something to ponder" you wrote and that's what i need to do. I have no clear idea how to proceed right now and consider all these tips from expert traders as suggestions and little pushes to search further in this or that direction. Last year i traded mostly small caps and asked myself why everybody was making money while it seemed difficult for me. It dawned on me when i finally looked on a chart of the Russ2000 that the small caps were actually in a bear market during that time. But I attributed my lack of success at the time to my novice status. Looking back though i thought that it was just a difficult market for me to trade in (plus my novice status) since i hadn't heard of shorting yet. So then i started looking at the index charts and also started trading larger caps and things got better this year but still sub optimal since there are always new "internal" obstacles and biases to overcome. Like i said, i have to think about leaving the index charts behind and just look at the stocks since they are basically what i trade. Thanks for your input!! Really appreciate it! Stefan