Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: Matthew L. Jones who wrote (1436)	11/23/1999 9:38:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 7434

Well have a nice time. I think you have a piece of the puzzle. Here is the piece I think you are missing. You are trying to take the signals without a concept of the Day. In other words, you should decide ahead of time that the Day is a Sell ..... or at least the Day is biased down early, up late ...... whatever. So you are in a position where you aren't utilizing your data. Your longer term data is telling you this Market is "overbought", or "oversold", or whatever. So you have this data and it's telling you the Market is Short and you are taking the risk of the short term scalp. Sorry, do not mean to come across as a preacher. My observation is, you are trying to trade inside of something without regard to the external parameters. Great....just realized I have to meet with a bunch of Benedictine Monks on Friday. I must be practicing my "Holier than Thou" routine, sorry. See you when you get back.

To: Matthew L. Jones who wrote (1436)	11/24/1999 12:08:00 AM
From: John Pitera	Read Replies (1) \| Respond to of 7434

Matthew, don't worry about missing a tradable move here or there. Trying to get them all dooms one to a life of overtrading, which results in losing Money. As Patrick mentioned, winnowing out the trading opportunities so that you act on only the strongest 20% of the signals can give you a bigger % of profitable trades. Trade less, but more selectively when the confidence interval increases, time working with trading triggers, helps to show those that work, and those that do not. John