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Strategies & Market Trends : Book: Hit And Run Trading by Jeff Cooper -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Stoxx who wrote (368)	6/22/1998 11:06:00 AM
From: Willsgarden	Respond to of 438

I am a fan of JCooper and have been following this thread. Thought I'd share a post i made to another short term traders site. To all, I have been in search of the KEY to successful day and short term trading. Most of the rules are similar. Most of the mistakes made are also common to all traders including the seasoned ones. I won't list what has been stated in your post, and in many posts on sites for traders but, I will share what I feel is an enlightenment, and tells it all, and sums it all up. I myself only seem to learn from the sting of failure, although the analysis of those failures is what has made me finally begin to profit consistantly. < If one throws a dart at the IBD and selects ten stocks at random, probability will have 5 go up and 5 go down on any given day. If we cut the down trending stocks quickly, and let the profitable ones run, We will prosper!> I believe it is as simple as that. With some market condition savvy, and as I do, only trade in sectors showing strength, we also improve on the probabilities of stocks trending higher. I also make up my lists from solid TA, not dart throwing <ggg>. This is just my own personal revelation. Bill Monier