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Strategies & Market Trends : DAYTRADING/SWINGTRADING STOCKS with INTRADAY INVESTMENTS -- Ignore unavailable to you. Want to Upgrade?

To: KymarFye who wrote (322)	6/24/2001 4:05:30 PM
From: -	Respond to of 565

Hi Kymar, Glad to hear the sector model proved useful. You must have your own sector model to plug them into if it's only good for picking up a couple of symbols, though...there are many powerful benefits to be derived from approaching the market from the 'secular' viewpoint!! I'm sure you know that. We'll be detailing them in future educational posts and online mini-seminars... most of the good stuff is in the nuance'. re: the tracking, we've started reporting that at the suggestion of our customers. We did carefully consider the two formats and felt this one would be much more objective, as traders take all kinds of different different position-sizing approaches, even between the three of us. We do get in and out together as we post, though so the net cumulative points logged is an objective measure (and much harder to fudge, since we are trading live with a large audience). Regarding total capital, that's easy to estimate from the # of open positions if you're in the room... or you can just ask us privately. This isn't intended for bragging rights;), we're just providing a summary snapshot of the week's efforts, while at the same time illustrating how we use the equity curve technique for performance feedback/management. Our equity curve spreadsheets do include an input for the base capital being traded, on the STATS ("dashboard") sheet it's used for computing return on capital for different intervals... % return on capital is something we look at every day, week, month and year of course. Steve

To: KymarFye who wrote (322)	6/25/2001 2:53:08 AM
From: -	Read Replies (1) \| Respond to of 565

almost forgot, that's an excellent point re: volatility... usually I divide the 5-day ATR by the stock price to normalize them before ranking. One thing's for sure though, NVDA is a devil of a stock! :) It made some spectacular intraday moves last week... great trading stock. One a fundamental basis, we think it's gotten way ahead of itself and would like to be short in the thing as frequently as possible (overnight)... although it's wise to use vertical spreads for that as there's always the possibility of an acquisition by a bigger devil! (like the one across the street from them in Santa Clara that starts with an "I") We'll be doing a lot of fundamental, product, competitive, and news-related analysis of these stocks as our new sector analysis program kicks in... NVDA is a fun stock in a very dynamic sub-sector. Good trading, -Steve