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


To: Matthew L. Jones who wrote (5483)11/21/1999 7:36:00 PM
From: Robert Graham  Read Replies (1) | Respond to of 18137
 
Thank you for your thoughtful follow up to my reply. It did fill in some details. Please keep in mind my posts end up being written for both you and others reading my post in this thread. So sometimes I use what is in a post that I reply to as both a response and a platform or jumping off point for me to relate information that I think others may find useful related to the what was discussed in your post.

I do have an additional question that will help me understand your orientation to your trading. First, do you trade the same in both a congested market and a trending market? Also generally what profit expectations is there for a trade in each situation, along with the initial risk taken as a stop loss? For instance, in congested markets, I look for a 2 to 2 1/2 point profit, and my initial risk is effectively one point. So much of the time on trades that do not work out I get out within a couple ticks of break even, and I sometimes lose one point.

Thank you!

Bob Graham