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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: Dave who wrote (1070)	8/4/1998 8:16:00 PM
From: songw	Respond to of 1729

Personally I've found the #bastages room to highly helpful- newswire stories are pasted almost instantly, stats on float/52 week/daily high/low are also supplied thru a co-operative effort. Though the room is smaller than some of the others that i frequent i find it retains many forthright and knowledgable insights. Personally i look upon all these trading venues as kin to each other- this is one you may find contains some timely info. Any flaws? ....the spelling could be better heh

To: Dave who wrote (1070)	8/4/1998 10:03:00 PM
From: TraderAlan	Read Replies (2) \| Respond to of 1729

Dave, If I were trading my system and looking at your numbers, would consider the avg loss way too high. Wouldn't mind a <50% win as long as a decent percentage of the losers were $45 throwaways or 1/2 tick $108s, which should be pulling your avg loser figure down. If you're trading for small gains, you have to master small losses first. Part of it is entry selection. Is 20 round trips/per week really the right number? If it isn't the rest of your numbers will be way off as the transaction costs will throw everything else out of whack. Alan