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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: stomper who wrote (23307)	8/8/2001 10:43:46 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Stomper, i disagree with you, channel trading can be very profitable. You cannot look at just one transaction that did not bring much, you should look at the statistics in general, when a channel keeps going up, profits accumulate, here and there the channel will turn against you and you take a minor loss or gain, but if you work the channels consistently and keep out of turning channels with stop losses, you can do quite fine. Larry brought in a 10% on QLGC channel just in few days, 10%/week can be quite an achievement (g), even if it worked on only 50% of the trades and the other 50% were even or minor losses. The big gains are made when the channel persists for a long time and you stay with those stocks. Zeev