Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: LTK007 who wrote (7995)	6/4/2000 1:33:00 PM
From: Dr. Stoxx	Read Replies (1) \| Respond to of 39683

LTK, No, there hasn't been any real tweaking on my part, though some here have added bits to the original. I have been trading 5EMA/8SMA crossovers on hourly charts (switched from 5SMA to 5EMA which Ken A. convinced me its signals were better)...that's all. No stops, no trend analysis, no concern about fundamentals. But keep in mind, as I stated a couple days ago, that I keep my eyes open to what the general market is doing, and what my other stocks are doing, at all times. This sometimes helps me to anticipate signals, and to avoid false signals. My suggestion to you and anyone else considering this system is to find 3 or 4 stocks from our list that you like. Go over the signals you see on the timely.com chart, asking yourself where you would have likely traded. And then papertrade them for 2 to 3 weeks before committing any money to them. It is important to develop a system of checking the signals that fits for you (at the beginning of each hour? at the end? in the middle? every 15 minutes? etc.). Hope that helps, TC

To: LTK007 who wrote (7995)	6/4/2000 1:45:00 PM
From: Dr. Stoxx	Respond to of 39683

Let me add another couple of points: -in this particular market and with our stable of stocks, I'm convinced that one can make money with this system trading mechanically: check the numbers once an hour, trade the numbers, and don't peek again until the next hour -I haven't been trading mechanically, and so have probably done a bit better than someone who is, since I've been saved from some false signals, and gotten better prices than those at the crossover (this doesn't happen often, by the way, but it is significant) -but I have also left a lot of money on the table. Better traders, or those with more time and better equipment (right now, the only overhead costs I have are the commissions...even my ISP at home is free!), can do better than I have done. TC