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

To: OZ who wrote (14197)	9/22/2001 1:16:09 PM
From: KymarFye	Respond to of 18137

"The nature of a stock changes more rapidly than the nature of an entire market." In some ways, that's true, but in other aspects the relative measures remain fairly constant. Over the last year, for instance, MSFT has rarely averaged daily ranges (actual daily tradable movement excluding gaps) even as high as 1%. The QQQ and the major indices offer even less movement to trade. There are individual stocks that, on the other hand, have rarely if ever fallen to average daily tradable ranges of less than 3%. Though some approaches might take advantage of lesser volatility, and run aground when they came up against, say, a QLGC during one of those extended periods during which its average daily tradable range has been orders of magnitude higher than that of the QQQ, other approaches will achieve opposite results. Similar observations apply to diverse measures of volatility and trend strength.

To: OZ who wrote (14197)	9/22/2001 1:48:24 PM
From: fut_trade	Read Replies (1) \| Respond to of 18137

Perhaps we are looking at different things. It takes time and effort to learn how to trade. I want to learn to increase my profits rapidly. The best one can then do is try one thing one day. If that doesn't work try something different another day and see if that works. By the time you build up a statistical significant pool of what works and what doesn't work, it could be weeks, months or years later. But by backtesting, I can make a decision in a matter of hours. A system can be tested rapidly to show me what works and what doesn't work. My preference for a system has nothing to do with whether or not I have the balls to pull the trigger.