To: amoezzi who wrote (28 ) 5/16/2001 10:07:17 PM From: - Read Replies (1) | Respond to Thanks Moezzii we appreciate the suggestion, a good one. You will see us doing that a lot here... we will often tell you in our nightly trading report what we are watching to trade long and short the next day, what's setting up as a swing trade, and/or what we're already in/carrying long overnight. Our trading style involves a mixture of swing (overnight, multi-day) trades and scalp (intraday) trades, but our style has evolved over the past few years to strongly emphasize adapting to the markets intraday. With the markets making so many twists & turns, we have come to believe it is very difficult to trade well strictly off the daily chart... too hard to manage risk, for one thing. So, we generally aren't "predicting" moves for the next day... we are projecting moves from intraday charts, often in the 15m or 60m timeframes. When we enter a swing trade, we manage it intraday and don't leave the session with it unless there is a profit cushion going into the close. That cuts down on the # of swing trades we end up carrying, but also improves our hit rate. We see it as a fine-tuning process, where swing trades must first "earn" their overnight status by performing well intraday.
