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I disagree. Day-trading is a more sophisticated game and the rules
of position trading do not apply here. Day-trading forces you to cut
your profits short and let your losses run, the opposite of position-
trading. You use limits not stops. I never day-trade, but some of
the signals I trade turn out to be a day-trading signal, so I am
trying to learn how to handle it. Actually, I think I found the
solution. Thanks for arguing with me. It lies not just in the AFL
daily pivot code, but in the AFL weekly pivot code. The new Beta
version makes it a piece of cake to calculate the weekly pivots.
Thanks Thomaz. I know now, how I should modify my approach of
optimizing the entry points, but the basic tactic remains the same...
rgds, Pal
--- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> Hi palsanand,
>
> Monday, November 17, 2003, 1:56:42 PM, you wrote:
>
> p> Well, Volatility is the life-blood for day-trading, the more
> p> volatile the better
>
> Absolutely disagree. You want just the right amount, because you
> have NO GUARANTEE your trade will win, and need to set appropriate
> stops.
>
> As for the rest . . . I give up. ^_-
>
> p> and it doesn't fly in the face of common
> p> sense, infact it is perfectly aligned with common sense. A
> p> dip/rally or a breakout is trying to catch the trend when it is
in
> p> full swing and a confirmed trend-change has confirmed the start
of
> p> a new trend, so it is natural for volatility to be high in those
> p> circumstances, not that it really matters, though low volatility
> p> would be nice especially for non- confirmed trend-changes...
>
> Yuki
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