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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: bearshark who wrote (11203)	5/4/2006 1:15:23 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 12411

Thanks. I recall speaking with you on some threads years ago. Aren't you an Elliott Wave trader? The rationale for that thread was to complete my conversion from day trading to position trading. I see now that a trending market is better for me than zipping in and out all day. Even so, I still occasionally sell some into spikes and add on dips. My performance suffers sometimes as a result. Building a position properly and using BUY/HOLD appears to work better, although I'm getting better at selling the spikes in the right spot. For example I was selling Silver last week as July went above 14.50, Sold some Gold yesterday at 679, which I think is an important point for Gold. So I'm pulling the trigger in "smarter" places and re-entering lower. Re-entry spots could be better. But this, the thread that just took a couple of trending markets and established positions properly, is as close to being idiot proof as I can imagine. I'm very glad I did this. Before, I would be one of those guys that thought "If I had only bought and held. I had the right idea". Now this has proved to me that it's not only doable, but I can have a life away from the keyboard.