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Strategies & Market Trends : The Player's Club -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (2915)	12/16/1999 10:27:00 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 11513

Morning GZ, Testing methods against others and the market remains the most valuable part of this contest. Have'nt used VIX. But I continue to look for an Indicator that reasonably defines the strength of a move after the trade is entered. A measure of when to get out. Yesterday I got out on a median line at 1436, but would like to know if the underlying strength might have lasted into today or beyond off the entry at 1418. So far at least part of the trade should have been held. So far the answer seems to reside in probability studies rather then various Oscillators or perhaps a combination. Stops are a problem for any account, but especially for the small pockets. Most of the close stops used on trades were taken out in these last few weeks and many were just NOT necessary except for placating Fear. I believe the answer here may be some where in this statement. "You have to be willing to lose a $1,000.00 to gain a $1,000.00 and be willing to be patient, confident and well schooled in your method." Chip