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

To: Scott Myers who wrote (8907)	6/13/2000 12:00:00 PM
From: Cormac	Respond to of 18137

Scott - You have discovered that you as a trader, even more specifically a swing trader has to be as fluid as the market...your strategies need to adapt and change as the market flexes, bumps and grinds, as other traders find new nuances on old setups or find setup that once were out of style have newfound profit potential. One thing that Alan keeps preaching (I hope I am right) is the need for change and the danger of complacency and/or believing what worked yesterday will work today. One of the questions to ask yourself is what are the common threads that run through your systems - that are fundamental to your trading as a whole You say you find something that works to only find something you have not considered...was it effective for a period of time, was your strategy in step with the market, a step ahead or a step behind? If you can find some common threads/fundamentals to your trading...regarding trading frequency, risk management, emotional control and discipline, then I would condense your time frame of your general approach and get into the real game...the principles/fundamentals that you have applied in your different strategies should in part crate a relative safe environment from which you can trade and refine your strategies...if not then your strategy is way out in left field, or you are breaking your own rules (fundamentals) or you have arrived at some erroneous rules/fundamentals It seems at first glance and with only a little info to base an opinion on that you are ready and need to step up to the plate and watch some real pitches come down the pike Regards, Cormac glad you posted to the thread