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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: dpl who wrote (2808)	2/3/1998 12:36:00 PM
From: Ira Player	Read Replies (1) \| Respond to of 12617

I'm still not actively daytrading. I take a few positions, now and then and it has been profitable. However, I am not yet comfortable enough to do it extensively. The position has too scream buy or sell for me to jump in. However, I have been position trading for several years. My long term average is 68.3% profitable trades. This translates to a win/loss ratio of 2.158. This is not an excellent record, but I can live with it. The average loss has been 2.6% (including commissions) and the average gain has been 9.2%. Discipline in stops (mental) keeps the losses low. Raising them as the stock moves locks in the wins. This method, however, requires that I accept the fact that 31.7% of the time, I was wrong. Oh well. Comes with the game. Most people I know hold when the stock moves against them and become long term investors because admitting they were wrong is too painful. They shouldn't be trading. Enjoy the ride, Ira