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tj writes:
>20-100 handles per what??? given any daily trading range, you can bang
>this out in a single DAY trading only a coupla of times
just to clarify, I was talking about a move in the SP of 20 to 100 "full"
points.. i.e. if it goes from 1150.00 to 1250.00. This kind of trade lasts
anywhere from a couple days to several weeks or more. Not sure if you'd
call it a swing trade. Intermediate term? Something like that.
Also interesting are the comments about STRESS. Whoever you are, it's a
good bet that STRESS is directly proportional to the DOLLARS you are
drawing down.
Playing a longer time frame, the point moves for and against you will be
LARGER, so all you have to do is trade proportionally SMALLER. If you do so
the stress should be the same, no?
All this aside, I'd love to trade faster. And take more advantage of the
short-term volatility. The problem is, I have no good way to develop a good
set of rules for daytrading. Can't find anything I can put into an EL
system that's successful over a range of contracts. Maybe this or that
procedure would work but unless I can backtest something to determine the
odds, how can I trade it? Trail and error isn't the answer (I've tried).
TJ, you've been doing your thing for a long time so may I ask you a
question?. Basically, how did you figure out your rules for daytrading in
the first place? Did you piss away money trying out different theories, as
I used to do? Maybe I just didn't hit the right thing soon enough!
sincerely, phil
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