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

To: Dr. Stoxx who wrote (6913)	5/8/2000 5:21:00 PM
From: Mark Z	Read Replies (2) \| Respond to of 39683

Thomas: For those of us trying to get a detailed handle on your strategy, is there any chance you could post approximate times (day, am/midday/pm) for your trades? If this is too much, any chance you could just note what the times were for trades 26-28 for SCH? I'm trying to follow you with charts and I just don't see the crossovers (using 5/8 SMA) at the price points. For example, (and maybe this is a second question), given the gap down today, a short crossover was created. However, if one shorted near the open, one found the low for the day! I notice your last SCH trade was a short at $43.06. The past week, SCH has been at this price 3 times: (a) Last Wednesday when SCH was already in a short from a Tuesday crossover (b) Late Thursday/Friday a.m. when SCH had given a long crossover signal and (c) near the end of the day today when, again, one theoretically should have been short from the sell signal/crossover at the open. So when did the model indicate to go short at 43.06?? Thanks! (frustrated that I can't post my quote.com chart here to show you what I'm looking at).

To: Dr. Stoxx who wrote (6913)	5/8/2000 5:38:00 PM
From: Ken Adams	Read Replies (1) \| Respond to of 39683

All... There is a very well written article in the May issue of Active Trader magazine dealing with properly placed stops. Active Trader is a new magazine (I have no affiliation) for the short term trader. Check it out at: www.activetradermag.com Good luck! Ken

To: Dr. Stoxx who wrote (6913)	5/8/2000 10:00:00 PM
From: Dr. Stoxx	Respond to of 39683

TRADE UPDATE: SCH closed its short for a breakeven trade. Now long. TC.

To: Dr. Stoxx who wrote (6913)	5/9/2000 4:43:00 PM
From: Dr. Stoxx	Read Replies (1) \| Respond to of 39683

SCH UPDATE: Opened 3/9/2000 trading 200 shares (50% margin) with a $5000 account. Closed on 5/9/2000. Result = $7555 pure profit! 151% gain in 2 months. 29 trades, 16 winners, 13 losers. Average gain per trade = 5.2% (includes losses and commissions) Buy-and-hold purchase price: $44.5 per share Update totals: 1. Long: 44.5 to 51 $1280 in 3 days 2. Short: 51.125 to 48.75 $455 in 2 days 3. Long: 48.8125 to 53.75 $967 in 3 days 4. Short: 53.625 to 54.25 ($145) in 2 days 5. Long: 54.3125 to 62.5 $1617 in 4 days 6. Short: 62.4375 to 60.188 $430 in 3 days 7. Long: 60.25 to 60.875 $105 in 2 days 8. Short: 60.88 to 59.56 $244 in 2 days 9. Long: 59.56 to 59 ($132) in 1 day 10. Short: 59 to 59.375 ($95) in 2 days 11. Long: 59.25 to 56.9 ($490) in 1 day 12. Short: 56.9 to 53.25 $710 in 2 days 13. Long: 53.31 to 56.88 $694 in 2 days 14. Short: 56.88 to 56.25 $106 in 2 days 15. Long: 56.25 to 55.88 ($94) in 2 days 16. Short: 55.75 to 41.25 $2880 in 4 days NOTE: from trade 17 on, trade size = 400 shares 17. Long: 41.25 to 44.25 $1180 in 2 days 18. Short: 44.25 to 44.5 ($120) in 2 days 19. Long: 44.5 to 43.75 ($320) in 2 days 20. Short: 43.75 to 44.25 ($220) in 1 day 21. Long: 44.25 to 45.625 $530 in 2 days 22. Short: 45.625 to 48.188 ($1045) in 2 days...ouch! 23. Long: 48.88 to 44.5 ($1772) in 1 days...mega ouch!! At this point I stepped out of SCH until I could find a way to minimize the sort of whipsaw trades that kill profits. In this way I managed to sidestep the next two signals which were also losers (Short: 44.5 to 45.75 and Long: 45.75 to 44.625). But since other trades were going well, I then decided to get back in, once the market looked favorable to this kind of trading. NOTE: I have given up on the idea of pulling half off the table...too much work for both me and my partner 24. Short: 44.625 to 44.625 ($20) 25. Long: 44.625 to 45 $130 26. Short: 45 to 43.0625 $755 27. Long: 42.88 to 43.06 $52 from this point on, trade size is reduced to 200 shares with the funds diverted to another portfolio 28. Short: 43.06 to 42.75 ($82) 29. Long: 42.75 to 42.625 ($45) Total Profit (closed trades only): $7555 (151% gain in 2 months!) Buy-and-hold Profit: 4.5% loss!