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

To: dr. z who wrote (32198)	12/11/2003 8:28:35 PM
From: Dr. Stoxx	Respond to of 39683

dr. z, BE didn't have a question, did he? And I agree with him...we've lost money over the past 4 weeks. Not a lot, but we've been getting stopped out of about half our swing trades. But that's just part of the game...you take your lumps when the market slumps! As for low volume, I screen for stocks averaging over 500k per day. Most we trade average over 1mill per day. I wouldn't consider that low volume. As for "front running": yes, I do purchase the ONT trades just before sending out my alerts on them...but I tell everyone what I paid for the position; and I tell them exactly when I get out and what my exit price is. On all ONT's this is the next trading day. Front running is where you buy a stock, hype it up, then sell into the buying frenzy. Clearly I'm not doing that, nor do I have enough subscribers to move these high volume picks any more than a couple cents. Can't make much of a living on that! On all other trades, the signals are given the night before (or in the a.m. before the open) with exact entry prices. My money is sitting there at the buy/sell stop along with everyone else's. On your last point, I strongly recommend using same dollar amounts in each trade (rounded off to the nearest round lot if possible). You're much more likely to get wiped out using the other method! Hope that helps clarify things...TC