|
PureBytes Links
Trading Reference Links
|
Pal
says "Day-trading forces you
to cut your profits short and let your losses
run"
<FONT
face="Courier New">
How's that working
out for you? You must have started with a whole lot of money to still be in the
game :)
Regards,
Jayson
<FONT face=Tahoma
size=2>-----Original Message-----From: palsanand
[mailto:palsanand@xxxxxxxxx]Sent: Monday, November 17, 2003 7:20
PMTo: amibroker@xxxxxxxxxxxxxxxSubject: [amibroker] Re:
beautiful morning in Tokyo (update)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...> > YukiSend
BUG REPORTS to bugs@xxxxxxxxxxxxxSend SUGGESTIONS to
suggest@xxxxxxxxxxxxx-----------------------------------------Post
AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx (Web page: <A
href="">http://groups.yahoo.com/group/amiquote/messages/)--------------------------------------------Check
group FAQ at: <A
href="">http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Your use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
Yahoo! Groups Sponsor
ADVERTISEMENT
Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
-----------------------------------------
Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
(Web page: http://groups.yahoo.com/group/amiquote/messages/)
--------------------------------------------
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|