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

To: David who wrote (3009)	2/16/1998 10:23:00 AM
From: TFF	Read Replies (2) \| Respond to of 12617

David:>>> A good trading site for traders that want direction should tell them when to buy and at what point to sell and actually do it and be accountable. A site giving specific buy/sell recommendations better be registered with the SEC or may face legal action I suspect.

To: David who wrote (3009)	2/16/1998 2:42:00 PM
From: Steve G.	Read Replies (1) \| Respond to of 12617

>>The trader on this site makes his gains with 1/4's 1/2's and sometimes larger gains. The reasoning that if you are looking for 1/4's and 1/2's you should place 1/4's and 1/2's for stops is faulty. You must analyze the trading range for the stock for that day.<< Interesting, the person is willing to lose 2% to make .5%. I agree that giving up 1/4 to make a 1/4 in not rational, but neither is loosing $1 to make 1/4. Sounds like the downside exit is set, but no real rule as to when to take profits. I am in the same boat; I also try to limit the downside to some factor of avg daily range. However, if I am willing to let the stock run down $1, it better be ready to do better than 1/4. Steve

To: David who wrote (3009)	2/16/1998 7:56:00 PM
From: Cash	Read Replies (1) \| Respond to of 12617

David, concerning the dynamic daytrader's style, I thank you for the explanation, but still maintain my skepticism. I understand the aspect of using a range, 2% equity, prior support, etc. And I use this myself quite often, but when I do I am looking for more than 1/4 to 1/2. I'm looking for a move at least as great as my stop. I can't predict the market, maybe your traders can. I just want to be right 50% of the time, and with good money management, plan for taking profits larger than losses on a per trade basis. I also know what you mean about other trading sites (I'm just an individual - no site, no recommendations). There are those that use impossible to get numbers for their performance indication, but there are also those that use real numbers and they are accurate and profitable. Look around and you'll see. And I know they set wide stops, but they are also looking for big gains and it works for them. In the end, each trader must use a style that works for them. I will continue to peruse your logs and see how your trader does.