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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: MartinF who wrote (6464)3/28/2000 2:06:00 PM
From: Dr. Stoxx  Read Replies (1) | Respond to of 39683
 
Hi Martin,

DELL is not turning out to be a good choice for this type of trading. I just closed a long position for a small loss. Whereas SCH is ideal: just closed a short for a profit of $442.

The idea is to be able to take profit from the corrections as well as the rallies. Constant cash flow, as you say.

I work too, but I have a partner in DC who watches the market for me full time. My guess is that this "system" could easily be used on daily charts, which would make the trades 2 to 3 weeks, instead of 2 to 3 days.

I'll keep you posted, TC.