|
PureBytes Links
Trading Reference Links
|
Hi Lawrence,
My apologies if I misinterpreted your post. And after re-reading it again I
believe that was the case.
I am not familiar with the Ross Hook as I have never read any of his books.
So I may be using it or may not, I have no idea. But I do scale out of
positions as well as adding to the original position and will keep on doing
this as long as the trend progresses. I have no problem trading ranges, but
obviously when the market is trending there are more opportunities.
Again, accept my apologies for misinterpreting your original post.
Bob
-----Original Message-----
From: Lawrence Chan <stnahc@xxxxxxxxx>
To: Bob Heisler <bheisler@xxxxxxxxxx>
Date: Sunday, February 20, 2000 11:34 AM
Subject: Re: Trend Days
>
>never mentioned you are a scalper, did I ? :)
>
>based on your posts, I can assume you are trading similar
>to the ross hook style with 3 part scaling ... so of course
>you have a good day :)
>
>I always respect those who trade on discretion -
>except that I find a lot of people are not ready for that
>emotionally ... so publicly I do not endorse new comers
>trying that ... as I have seen so many of them even
>knowing a reasonable strategy still failed to apply
>that in the mkt. Eventually wipe out the acct.
>Sad but true.
>
>Maybe you can have some warning in your web site
>about the possible emotional up down the newcomers
>may have to face if they follow you ... have that up front
>and prepare them for the worst.
>
>Good luck.
>
>-Lawrence Chan
|