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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: JimBeamII who wrote (4939)	1/4/1999 9:14:00 AM
From: Mike McFarland	Read Replies (1) \| Respond to of 90042

yup, that sounds pretty much like what I try to do...from one of the other threads I learned to average into a position by thirds...which I usually do over a period of several months to a year. This has been a good discipline when I stick to it. I also average out by thirds when I hit -20%...and this has also worked well, when I stick to it. Probably half my profits last year were from daytrading...but when I think about the action in the intenuts, I really feel i missed out for the amount of time I spend on this hobby. Would like to hear more about the definition of swing trading...but it may be time to finally get a book...I've seen plenty of recommendations on the thread, maybe Tim Luke--could you give your pick, if you could only read one book on trading. thanks everybody