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3 trades per week on average. Position trading, with a directional move
lasting 4 days to 2 weeks. Have had better return percentage short selling
than going long (due to the bloated nature of the market), although the
longs I picked had explosive up days (most recent example: AVID - 6 points
in 2 days for a $29 stock).
I only trade stocks, stocks with avg daily volume > 150K. I also look at:
short interest, insider trading, and company fundamentals, industry earning
patterns, and recent news before making trades. I first select stocks
based on technicals then finalize the selections based on the other factors
mentioned.
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At 08:45 AM 7/29/98 -0400, Owen Davies wrote:
>With many deletions, James Taylor said:
>
>> Candlesticks ... in conjunction with widely used oscillator
>> [are] VERY tradeable and VERY accurate. ... I have been
>> trading this system exclusively for the last 5 months
>> with very impressive results (80+% of trades being profitable
>> and fractional losses on the rest, given proper stop loss,
>> diversification, and profit targets are used). (remainder truncated)
>
>I'm curious. Are you trading futures or stocks, and how
>many trades have you made over this period.
>
>Many thanks.
>
>Owen Davies
>
>
>
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