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To: ratan lal who wrote (1677)12/9/1997 12:01:00 PM
From: ams  Read Replies (1) | Respond to of 12617
 
"Since I like all of these stocks,if a trade goes against me it becomes a long term hold till i make a profit."

This is a guaranteed strategy for financial ruin, eventually. This bull market has saved you 'til now. But sooner or later...

Good LUCK to you



To: ratan lal who wrote (1677)12/9/1997 3:55:00 PM
From: xstuckey  Respond to of 12617
 
Hi ratan,

By the definitions of this thread I am a position trader. I regard part of the challenge as being able to design a model which will have me on the correct side of the market overnight most of the time.

I designed my proprietary model from first principles, so it is applicable to any tradable (trading with sufficient volume) stock as far as I know. I make about 6 trades per month, swinging form short to long to short to long, etc.

About 40% of the trades lose money, and I trade shares, not options.

I have no idea as to how to guess at a rate of return, as this would involve predicting the price action of the stock. I trade Intel exclusively.

Like with most trading methods, I cannot make money in a sideways market. Hope this answers your questions.

Best Trading, X