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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (7135)	5/3/1999 7:56:00 PM
From: TraderAlan	Read Replies (2) \| Respond to of 12617

Dan, That's a classic and proven trader strategy that's been around a long, long time. In fact, most professional traders I know turn profits on well under 50% of their trades. Not everybody is a scalper although you couldn't tell that from reading the headlines these days. Alan

To: Dan Duchardt who wrote (7135)	5/3/1999 10:23:00 PM
From: Gary Korn	Respond to of 12617

but if you can't win more than half the time, maybe by settling for less gain than you hoped for, you are bound to lose Dan, I just wanted to note that I lose more than half the time, yet I'm profiting (or at least have been for the past year). I try to keep the losers down to flat (just a commission loss) or 1/16th point. It takes only a few 1/2 point gainers to overcome the more numerous losses. Caveat: This is second by second scalping, not day-long position trading. Gary Korn