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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Stoxx who wrote (3721)	5/4/1999 1:43:00 PM
From: Dr. Stoxx	Read Replies (2) \| Respond to of 39683

BTTT Mother page has just been updated! <<Started By: Thomas Carr Date: Jun 23 1998 2:29PM ET WELCOME TO BEFRIEND THE TREND TRADING Befriend the Trend Trading (BTTT) consists of 3 simple rules: a. find stocks in the middle of a strong up- or down-trend that are experiencing a short-term correction or trend reversal; b. time your entry to catch the resumption of the trend or the momentum of the reversal; c. time your exit to miss any further weakness in the trend or reversal. I work full-time, so I have designed the system to be simple and not time-consuming. For that reason, the indicators used by the system are few: chart patterns, trendlines, Stochastics, and the 40MA. There are variants of the system which use other indicators (MACD, OBV, ROC, e.g.) but these are the foundations of all our trades. So far the BTTT system really seems to work. I've been trading the system with real money for about 14 months now, and my trading account is up over 130%. Recent gains (since March 1st, 1999) have been as high as 18% total account return per week! We trade both big, highly liquid blue chips and smaller cap issues trading under $20 (no pennies!). Contributors are welcome to post their own picks for others to consider, so long as an accompanying link to timely.com (use these parameters: timely.com. We also encourage general discussion around stock trading (as a hobby, not profession)and technical analysis. The thread is committed to general education, and is always on the lookout for valuable free websites for TA and charting. No hyping allowed. All are welcome, regardless of experience. Good luck, and happy trading, TC.>> TC.