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

To: Dr. Stoxx who wrote (14447)	1/6/2001 7:23:41 PM
From: Knyyt	Read Replies (2) \| Respond to of 39683

TC: <<When I was first looking at the MAX system, I discovered that most good MAX candidates hit a 3% gain after every signal, even if they then turn around and fall off for a loss.>> Hmm, might be a way a daytrader to make some $$$.. i better not think of that angle.. <g> <<One thought I had then, purely mechanical, was to set a 3% profit limit order for half of my position, and then trade the other half on the signal>> One of things i am debating with myself right now. Enter on the signal with double the position and sell half at some predetermined price. Pro- Instant gratification of successful trade, locked in profit,less risk as your not fully exposed to market. Con- Small profit potential, IE:,trade not allowed to mature to its full potential,now you need another signal somewhere else to enter,higher commisions/turnover, and lastly, more work with book-keeping. Regards, Knyyt