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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (4329)	9/18/1998 2:01:00 PM
From: steve susko	Read Replies (1) \| Respond to of 44573

I totally hear you. I am about the same stage as you are - paper trade most of the time and take 1 or 2 real trades from time to time. It's good enough to get hit and runs, and only let the trade run when the probability look real high. A winner is a winner regardless of degree. I agree with you that sometimes no trade is the best trade. This is such a solitary and self-defined profession that sometimes you tell yourself you have to trade cos that's what you do. That's a mistake, this is a profession of cool observation. you act on what you see. When the trade show up on the monitor you must seize it; but never try to force a trade.

To: SE who wrote (4329)	9/18/1998 3:32:00 PM
From: Clay M	Read Replies (2) \| Respond to of 44573

Hi Scott, In regard to what you were saying about trading objectives; last Fall I went to a seminar given by a professional trader, that wrote one of the software packages I use, and he said to be a consistently successful trader, you need to be right 60% of the time and have your winners 1.6 times your losers. There are of course other ways to do it, but in his experience these are pretty good figures and he's been at it a long time. If you can occasionally bag a 10-20 point winner it sure help the stats.