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

To: TheStockStalker who wrote (12116)	3/1/2001 8:41:19 PM
From: KymarFye	Read Replies (1) \| Respond to of 18137

Thanks for your response. Actually, it sounds similar to the Turtle strategy, except as applied to a large number of stocks and in the intraday timeframe rather than to a relatively limited set of futures contracts in much longer time frames. In my research into system-trading, I explored comparable strategies, but soon realized that neither my hardware, my software, nor my programming or trading expertise were up to the task. I also realized that at this stage in my career, I had much to gain (not all of it financial) from discretionary micromanagement. As for your observations on the difficulties of the last month, as stated earlier, I sympathize.

To: TheStockStalker who wrote (12116)	3/1/2001 8:55:12 PM
From: exdaytrader76	Read Replies (1) \| Respond to of 18137

Wow that is cool. Thank you for sharing. Do you think trading more positions - versus just increasing position size on a couple - is more just your style or are most of the people you see making money doing it that way? I can really see it your way with the tech crash lately. AFOAF made just shy of a mil the other day but he trades 1 or 2 30-50K share positions.

To: TheStockStalker who wrote (12116)	3/1/2001 9:52:17 PM
From: TraderBilly	Read Replies (1) \| Respond to of 18137

PatternDayTradr, Thanks for sharing with us! I certainly appreciate it. Regarding: <<I close the ones that are breaking down with a kind of discretionary mental trailing stop method>> Could you share any more about your exit strategy? Fixed trailing stop or percentage or ...? When do you get out of profitable trades? This method looks good because you cut your losers and let your winners run, with a positive expectancy system that generates lots of trades. I like it. Bill