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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?


To: Eric P who wrote (125)1/8/1998 7:47:00 PM
From: dpl  Read Replies (1) | Respond to of 2120
 
> Let's suppose his "method" is coin
flipping and after every 10 trades he has 5 profits and 5 losses. <

This is not trading.This IS flipping a coin.


David



To: Eric P who wrote (125)1/8/1998 10:38:00 PM
From: robnhood  Respond to of 2120
 
Eric , I agree with you, when I make a trade , I am trying to join the momentum of the stock as it is reversing or breaking. The 1/16, and 1/8's are for taking losses, not profits IMO. Many guys I work with are always saying you gotta take those nickels and dimes, but I disagree, one wrong move and they've got a buck,, simple math -10 right moves to cover one wrong move,,bad odds
russell