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I guess you are a day-trader, I'm not. My expereince had been
contrary to what you say. But, if you are successful in day-trading,
I'm happy for you. I don't think I can be succesful in it...
rgds, Pal
--- In amibroker@xxxxxxxxxxxxxxx, "Jayson" <jcasavant@xxxx> wrote:
> 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
> -----Original Message-----
> From: palsanand [mailto:palsanand@x...]
> Sent: Tuesday, November 18, 2003 12:25 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [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@x...]
> > 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
> >
> >
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