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Day-trading involves taking numerous trades during a day. The series
of small losses you make take using position trading rules will
overwhelm the occassional gains you may make. I have been successful
using occassional day-trading strategies involving the opposite of
position-trading rules, but I did not intend them to be a day-trade,
I intended them to be a position trade, hence I did not take numerous
trades. I was just forced to day-trade sometimes because of the
excess volatility (randomness) created by NEWS, which is typical of
high-volatility day-trading which is fueled by NEWS. If I can
optimize my entry points a little better, such day-trading strategies
may not be necessary. Here is where Dr. Ehler's functions may be
useful, in distinguishing the situation about a clear signal from
noise loaded one. I do not have them in AB. I have it in another
program.. Short-term profits leads to long-term ruin...
rgds, Pal
--- In amibroker@xxxxxxxxxxxxxxx, "palsanand" <palsanand@xxxx> wrote:
> 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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