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


To: Dr. Stoxx who wrote (14518)1/7/2001 7:54:01 PM
From: ru2  Respond to of 39683
 
Your opinion is a lot better then mine - LOL I have not tried Kynts method yet. I tried the 8/5 with a 30 ma along with a bunch of other things. It worked. I had my best week last week, but I don't trust my method. I think it is to complicated for me at this point and I will drop the ball at just the wrong time. Made good money last week but it was really stressful. I promised myself that I was going to give the max method another try. I tried it before and it did'nt work for reasons completely unrelated to the method.
Trying again next week with a small amount of money so I don't panic. Will add as the panic factor dies down. Thanks for the thread. :)

Ru2
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ru2,

My op. on the same issue: MAX trading is designed to stay fully invested in the same stock all the time...and instead of stops, the MAX signal is used to exit...and at the same time enter in the reverse direction. I have found that, as long as you are in a winner (the hardest part), and can avoid panicking at the inevitable whips (second hardest part), the most profitable way to trade is also the simplest: MAX signals only...no stops, no 3rd MA, etc.

Having said that...we each have to modify the basic system to meet our own unique risk tolerance levels and return goals...

As Ken is fond of saying...KISS!!!

TC