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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (18202)	11/6/1998 3:16:00 PM
From: Michael Turner	Read Replies (1) \| Respond to of 68573

Hello Clint, My strategies are not 'constants.' My initial 'plan of action' for a given trade will determine my risk tolerance. If I am looking for a move over a period of a few days or weeks, I will generally have a wider tolerance for risk. Being long or short typically does not play a big part in my analysis of trade duration or risk tolerance. If I am scalping for small gains, any downside movement that is not supportive of my initial assumptions will prompt me to exit...or perhaps even reverse the trade. Emotions will always play a part in trading...it is a constant struggle to see the numbers as they are, rather than how they appear to be through a pair of biased eyes. If you can remain objective, you will have a much better chance of staying on the right side of a trade...long or short. Regards, Michael Turner Author DayTrading into the Millennium tradersresource.com