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: Eric P who wrote (17418)	9/8/2005 11:37:14 AM
From: Silver Super Bull	Read Replies (3) \| Respond to of 18137

Hello, I have an question for this thread. I am looking for an online broker that is specifically geared towards daytrading. I would appreciate anyone's recommendation, along with a reason(s) as to why the broker is valuable for daytrading. Thanks

To: Eric P who wrote (17418)	9/11/2005 10:39:38 AM
From: Michael	Read Replies (2) \| Respond to of 18137

Hi Eric, Thanks for your reply. I must admit I am surprised. Without in any way intending this to sound critical, I would have thought that once you have sorted out a systems approach, you would just leave it run. I say this as someone who while accepting the validity of a systems approach is still grappling with the concept ala Mark Douglas that the path to success is simply to identify an edge and then trade in the full acceptance that you don’t know what is going to happen next and with no expectation that any particular trade will be successful, but that overall assuming you have a positive expectancy you will make money. My head believes this, my heart is struggling <g>. Another interesting thing is that thinking about my question afterwards (i.e. the question of why you would need to monitor your system intraday) it occurred to me that you might need to tweak parameters based on analysis from higher timeframes or based on opening activity – e.g. a higher bias for longs or shorts based on larger trends, that apparently you don’t see any need to do this. That is your systems work regardless of what the overall market trends are. That’s pretty amazing too. Do you have any comments on that. Cheers Michael