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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (8394)7/31/2001 11:29:59 AM
From: martin001  Read Replies (1) | Respond to of 209892
 
Yeah know what you mean

When I first started daytrading I could easily
do 100+ trades a day - utterly amazing.
However when I went back over my records I realized that
I was paying out about 10k a month in commissions
that was a bit sobering to see. Now I still daytrade
maybe 10 trades a day but I definitely focus more on
trading the swings.

A wise man once wrote:

"When Elliott is displaying a potentially explosive bullish move, and sentiment is negative. These setups are infrequent, but if I were more patient, I am convinced that I could make a good living just waiting for them and trading more aggressively when they present themselves."

Good trading
M



To: AllansAlias who wrote (8394)7/31/2001 11:38:38 AM
From: UnBelievable  Read Replies (2) | Respond to of 209892
 
Are Their Any Doubts About The Validity Of This Move

The pump started around the time that Consumer Sentiment came out lower than expected and Chicago Purchasing came out lower than expected.

The futures have been trading above program buy levels all day.

Pictures don't lie - people do.


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