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Strategies & Market Trends : Trade What You See, Not What You Think -- Ignore unavailable to you. Want to Upgrade?


To: LemonFlavor who wrote (150)11/4/2000 5:51:13 PM
From: booters  Respond to of 867
 
I think the confusion you speak of is probably the mixing of different parts of different systems. If this is true then you have made a big step in my opinion.

One of the hardest things a trader has to learn is that all the parts don't go together to make one trading method. You must find the ones that fit your needs and you feel comfortable with.

A new trader can be confused thinking he needs to work all the ideas he hears into one way of trading. This does not work and if you have realized that then GOOD. You have reached a milestone.

You still need to listen to everything as I think TraderAlan means but then fold in the parts that fit with the core method you have found.

Just some thoughts

boots



To: LemonFlavor who wrote (150)11/4/2000 6:17:47 PM
From: Threei  Read Replies (1) | Respond to of 867
 
The way I see it this is the style that Vadym and Chris use most of the time.

Again, I think it's about definitions...
I would rather define our style as following:
We try to determine is stock is trending or trading in the range.
If it's trend we go with it and buy new high or short new low.
If it's range, we trade within it as long as range allows tradeable movements.
Momentum in this approach is something that carries stock within the range or takes it out of the range and serves as vehicle, nothing more. We don't try to do pure momentum trading in a sense of scalping any wave of buying or trading only when huge momentum appears (like 1 year ago).

Vadym