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

To: sim chambers who wrote (7974)	4/23/2000 10:43:00 PM
From: OZ	Read Replies (1) \| Respond to of 18137

what is a good average return? YOURS !!! Pretty darn good for an IRA account (cash account) that does not use margin and cannot short. You should be the one answering the questions around here<GGG>. What is your trading style. Thanks, Oswald

To: sim chambers who wrote (7974)	4/23/2000 10:57:00 PM
From: sim chambers	Read Replies (1) \| Respond to of 18137

in reference to achieving outsized gains (per my previous post) since i do not talk to many traders, i had no idea what to expect in terms of returns on a mothly or daily basis. i somehow did the 35% per month compounded for 15 consecutive months, and amazed myself. can this be really possible i kept asking myself. that being said, i think i cannot do it again, that was simply too amazing, but here are some comments that may help others achieve a spectacular run: 1. learn to trade several specific issues (i used etrade as my primary trading stock....even as it continued to decline in the past year) learn how each of say three stocks trade, and use them to make your living 2. shorting screws with your upward bias and mindset to make money going long. be careful with shorting, perhaps avoid it altogether like i do (many reasons...but primarily you have to program your brain properly to win on the long side) 3. remain an optimist, but do not become a fool. sit back and watch when you have to. 4.use all the basic risk control measures etc. (as an example, my worst drawdown in Q1 was 6.6%) exit early if wrong etc....you can hold full positions overnight if conditions warrant....this is where big marginal $ are made if you have the knowledge base 5. dont be afraid of trading too much. a hair trigger costs me money, but also save me money 6. most other trading rules apply, and take alan's course. BUT: the one thing to stay ahead with big returns is to constantly modify your style to fit the market. the market will give you all you need with discipline and patience. trust your gut and stay ahead of the masses. (example...something has been working for you but it is less effective lately.....try something else, abandon it, even if it has a positive expected value...try a different stock or different tack on the same stock.......... another example would be your gut tells you of a big move ahead.....bet it the way you see it....exit early if wrong as usual, but if it goes your way ride it for a big kill...these are the marginal $ you need for extraordinary returns just my thoughts