Re: Which holds best promise?

[Bob Heisler <bheisler@xxxxxxxxxx>]

I would prioritize them this way, and also add a couple of things.

1) Position size (no 1-lots)
2) Trade Management (stop placement, exit strategies, add-ons, etc.)
3) Sensitivity to the market environment (particularly for intraday trading)
4) Reading the price action (Entries, but also determines all of the above)
5) Trading without an OPINION or BIAS to market direction

And I couldn't agree with Alan more that the entries are the least important
as they are meaningless without the first 4 items.

Bob Heisler
www.rjhtrading.com



-----Original Message-----
From: Alan Courchene <positionsize1@xxxxxxxxx>
To: List Omega <omega-list@xxxxxxxxxx>
Date: Tuesday, February 15, 2000 4:20 PM
Subject: Re: Which holds best promise?


>I would prioritize them this way:
>
>1) Position adjustments  (POSITION SIZE)
>2) Stop management  (RISK MGMT)
>3) Pattern recognition (ENTRY)
>
>
>IMHO,
>One and two are key!
>Three is far less important.
>
>Alan C.
>
>
>
>--- TradeWynne@xxxxxxx wrote:
>> In a message dated 2/15/00 11:38:43 AM Pacific
>> Standard Time,
>> Valinda48524@xxxxxxx writes:
>>
>> > Which of the following trading approaches holds
>> the most potential?
>> >
>> >  1) Position adjustments
>> >
>> >  2) Pattern recognition
>> >
>> >  3) Stop management
>> >
>>
>> Valinda:
>>
>> Why are any of these mutually exclusive?
>> I would do my best with all three.
>>
>> Bill Wynne
>> SmartTrades.com
>>
>>
>