Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: fut_trade who wrote (14218)	9/22/2001 4:10:04 PM
From: OZ	Respond to of 18137

In response to what I said about my trading style which I have been laboriously creating for years and always changing and adding to, you said: This may sound silly, but try a longer time frame Also, try different break-out criteria. Once again I wonder what it is I said that implies that I need to change what I am doing? You originally said: I think some discretionary traders watch a major index for a break out and then pick a few stocks within the index having a high relative strength. That should be fairly easy to model. My question is if I am consistently able to get into many (10-40) of the strongest stocks in the NDX100 before and up to the point when chart of the index breaks out, why would I want to change my break-out criteria if the only result left would be that it is getting me in much later (after the index breaks out) as you stated originally. The intent of my post was to share with you something from my discretionary trading background that might help you figure out something that could help you with your system trading. It also sheds some light on why it would be hard to test my strategy since it shows that the number of stocks I do at one time would create so many more inputs than many other styles do. IOW I have what seems like an endless amount of breakout criteria and pullback criteria for all of the individual stock entries that I am making when doing my strategy. Oz