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Strategies & Market Trends : trading the QQQ -- Ignore unavailable to you. Want to Upgrade?

To: hypostomus who wrote (379)	2/20/2002 9:26:35 AM
From: bernard rogers	Read Replies (1) \| Respond to of 714

Broke my rules, no trading today I will repeat myself much on this thread will say much more than anyone would want to know about my trading I really have no other place to talk about it and it helps me much to get it in black and white and to take a position in a public forum I feel it will help me in the follow through Yesterday had 2 major failures. Going against the trend, which i love to do. In the future i can only trade in the direction of the least resistance, If the QQQ is going down I have to short. Up I have to go long The second one is breaking the rules. If i will follow my rules completely, i have an excellent chance of making money being a day trader. These rogue trades come on in a moment, suddenly I am breaking all my rules, i know that trading is addictive. I know the feeling of giving in to a unwanted addiction. I spent years quiting smoking, and i remember the same feeling of saying SCREW IT. and smoking a cigarette. to combat this problem. I have a new rule that requires that i take a 3 minute period out to read the rules over before making any trades Also i must have zero tolerance for the smallest deviation from the rules My first concern, goal in trading is to trade exactly under the umbrella of my rules. I breaks my heart, it demoralizes me, and it will end up ruining my trading if i do not

To: hypostomus who wrote (379)	2/20/2002 9:37:57 AM
From: bernard rogers	Respond to of 714

Yes, I read the Douglas book I will start with the 5min line and work up from there if it does not do the job.

To: hypostomus who wrote (379)	2/20/2002 2:53:05 PM
From: bernard rogers	Read Replies (1) \| Respond to of 714

I been thinking about my problem with impulsive trades that break my rules, and have decided to use this thread as an attempt to slow down and avoid these bad trades. Each time i intend to make a trade i will post the fact and the trade amount together with my rules before i make the trade, and probably will post the trade in and out on this thread also. This will slow me down, and put my trades as compared to my rules in public light. example Trade long 300 1. put in and keep 10 cent stop 2. max. loss is $100 BC per day 3. trade only with 5sto, 5ma, if stock is trending (1/2hr) above the 5ma, then i can only play long, if below only play short and definite 1ma crossover and bounces off 1ma 4. always trade within 2cents of 1ma 5. post potential/actual trade on thread 6. Go to breakeven stop after 10min 7 max. trade 300sh + 100 per $25BC profit