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

To: Ken Adams who wrote (8069)	6/6/2000 10:54:00 AM
From: Robert H.	Read Replies (1) \| Respond to of 39683

Ken, I tend to agree with you. I Have been playing with a few issues over the past few weeks, and have come to the conclusion that picking the correct stock is the key. The latest action in the market tends to skew results. Only time tested issues with smooth trend ( rolling lines ) will hold up in the long run. Shorting any stock in uncertain markets can be hazardous to a portfolio. The trend lines must have as much stability as is possible. I believe that Cat Lady came up with a winner. Expensive, but predictable. home.flash.net Robert

To: Ken Adams who wrote (8069)	6/6/2000 10:57:00 AM
From: jesso	Read Replies (1) \| Respond to of 39683

I agree, the way you handle open positions is by far the most important aspect of any system - many systems traders can find a way to make any indicator or setup profitable. However, at the same time, there are benefits to optimizing a system's setup(s) and entry(ies) as long as you are aware of the risks, over-optimization, curve fitting, etc. As far as I'm concerned, finding the right markets is not as big a job as some may think. Yes it's vital to the success of any system, but in our case, how many different stocks are you going to trade at any one time with this or a similar system? 10? 20? In my opinion there is no benefit to trading more than 4-6. TC is only trading 4. Personally I would rather focus on tweaking the system and trading just a few markets/stocks at any one time (provided they provide enough opportunity of course). Several hardcore systems traders that I know trade only a few markets at any one time and focus on tweaking the system ... and in this case if going from a 5EMA to a 4EMA generates more profits a majority of the time, both in backtesting and in real trading, to me that's important to know.