|
PureBytes Links
Trading Reference Links
|
Oh
contraire....day trading forces you to cut your losses just as fast else you
will be broke......Doubling up later just gives you the opportunity to go broke
faster.
Regards,
Jayson
<FONT face=Tahoma
size=2>-----Original Message-----From: palsanand
[mailto:palsanand@xxxxxxxxx]Sent: Tuesday, November 18, 2003 12:25
AMTo: amibroker@xxxxxxxxxxxxxxxSubject: [amibroker] Re:
beautiful morning in Tokyo (update)I never day-trade,
only postiion trading, but I do have to resort to day-trading strategies
sometimes, because of excessive volatality. That is where Dr. John F.
Ehler's Squelch functions can be helpful in distinguishing noise (signal
with lots of noise) from real (stong, clear, clean) signal.
Day-trading forces you to cut your profits short and let your losses run
until you can recoup it later by doubling up at a better price (at support
or resistance) and exit your losing positions at a break-even price".
But, you have to be correct about the direction. You cannot be trading
both directions...rgds, Pal--- In amibroker@xxxxxxxxxxxxxxx,
"Jayson" <jcasavant@xxxx> wrote:> Pal says "Day-trading
forces you to cut> your profits short and let your losses run">
> 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> -----Original Message-----> From:
palsanand [mailto:palsanand@xxxx]> Sent: Monday, November 17, 2003 7:20
PM> To: amibroker@xxxxxxxxxxxxxxx> Subject: [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...> >> > Yuki> >
> Yahoo! Groups
Sponsor>
ADVERTISEMENT> > > > > Send BUG REPORTS to
bugs@xxxx> Send SUGGESTIONS to suggest@xxxx>
-----------------------------------------> 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 Yahoo! Terms of
Service.Send
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
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.
|