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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Bald Eagle who wrote (32184)	12/11/2003 10:57:34 AM
From: Dr. Stoxx	Read Replies (2) \| Respond to of 39683

I'm down a bit too...about 2.4% from my alltime high (hit last week) taking my own picks exactly as stated in the Newsletters. I'm up a bit on some daytrading profits otherwise. This kind of trading is not for everyone, BE. You've got to be willing to stick with it through tight market ranges, as now and for the past 8 weeks, which make swing trading very tough. You might try taking quicker profits until the markets get trending again (watch for a clean break of either 1896 or 1997 on the COMP). Or perhaps you just need a good break from the markets...use that time to read up on TA, take a seminar or two, papertrade, etc., until you get your confidence back (I can suggest a few things here). Trading is largely a mind-game, and your mind has to be in it 100%. But be forewarned: quit now and you are likely quitting at the low (something I did repeatedly in my losing days...!!). For what it's worth, our biggest competitors are having a very rough go of it this year. Here is how they've done over the past 12 months (I think we are doing pretty well, mutatus mutandis with +300% gain^ over the year at $30 - $50/mo.): Netpicks.com: (for "Stock and Option Advisory" service): +5% return** (cost: $97/month) Daytradeteam.com: (for "Swing Trader" service): +22% return* (cost: $195/month) Financialpicks.com: (for "Trade Alert" service): +31% return* (cost: $97/month) Pristine.com: (for "Silver" service): +75% return^ (cost $150/month) 100% compounding (see: www.daytradeteam.com www.financialpicks.com) *uncompounded (see: www.netpicks.com) ^quarterly compounding (see: www.pristine.com, www.befriendthetrend.com)

To: Bald Eagle who wrote (32184)	12/11/2003 11:03:06 AM
From: wilywilly	Respond to of 39683

BE, I think you're seeing the effects of slippage, due to the inherent time delay between DS's calls on entries/exits, and when you get notified. I have pretty much had the same results, but I am treating it as much as a learning experience as anything. And it's entertaining! You should look at DS's QQQ Reversal program - not nearly as frenetic (trade only at the close, and only every few days or weeks), and for me, at least, has been consistently profitable. If you trade it with E-minis, there is tremendous leverage at work. Also MTT is a more relaxed system, and had been doing OK until the last 2 stinkers wiped out my profits. So I would say the jury is still out on that.

To: Bald Eagle who wrote (32184)	12/11/2003 11:17:24 AM
From: MeDroogies	Read Replies (1) \| Respond to of 39683

My only comment would be this - I lost money, but not on any of Dr.'s picks. It was always when I tried to apply the principles on my own picks. I haven't been a member in a year, but only because it's been a really nasty year for me and trading was very low on my agenda. What I have found is that when I'm working, it's tough to apply the principles to the tee, so I wind up taking smaller gains and smaller losses. I'd made my "box" of stops and closes much tighter than the guidelines the Dr. outlined. It caused me to lose money on some that eventually became winners, but not too often. I, for one, can say I made money on these picks, but probably much less than others. It's a very disciplined system that has to be adhered to, however.