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

To: MMK who wrote (7129)	5/17/2000 10:20:00 PM
From: smchan	Respond to of 39683

MMK, no kidding on the discipline... still a big problem of mine. Though I did manage to hang tough longer than my trader buddy who was shaken out, though he did make a small gain. The nicest part of the longer trades is that entry and exit is easy. Trying to get in an out on 1m and 3m trades kills me sometimes. I just don't have the speed some folks have. Check out NXLK. Don found it in a scan today and the 13m chart on it looks incredible. More whip-sawing around than I care for, but when it does run it does it in a big way. I figured that it rougly gave +24 points on the good trades, and maybe -4 or -5 on the bad ones in the last week alone. Not bad! Sam Sam