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Bob - I'm glad you mentioned #5 below.....Phil Lane's systems only trade
"LONG".
That has bothered me a bit.
> -----Original Message-----
> From: Bob Heisler [mailto:bheisler@xxxxxxxxxx]
> Sent: Tuesday, February 15, 2000 7:22 PM
> To: Alan Courchene; List Omega
> Subject: Re: Which holds best promise?
>
>
> 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
> >>
> >>
> >
>
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