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You wrote:
> Felix:
>
> The problem is that many traders feel they 'need' to be in every
> trade, they 'need' to try to catch every move. As a trader, you
> don't have to catch the big move down and then try to catch the big
> move up. For example, if you are short S&Ps and you got short this
Couldn't agree more. I tried trading Amazon.com intraday today. I
made a half a point on the plunge in the first hours of trading and
got bored with the subsequent meandering upwards. The price action
looked fairly non-commital. Now it turns out that those "upward
meanderings" probably would have been quite profitable but who
cares? I'll keep my powder dry for a day where the trading has more
character.
- Hacker
---
Dark Hacker | Fortress Of Computation
hacker@xxxxxxxxxxxxxxx | http://www.computation.com/pub/hacker/
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