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In a message dated 5/31/00 10:06:12 AM Pacific Daylight Time,
tradejacker@xxxxxxxxxxxx writes:
> most of the intraday/short
> term traders i've encountered who trade breakouts lose money due to large
> slippage and panic driven overtrading (excessive commish)
I'd agree, but I'd add:
a) I look to enter "breakouts" that are under the radar screen by using very
short term charts in combination with longer term patterns.
b) I try to limit the number of trades (and "excessive commish") by using
restrictive filters.
I like using breakouts as a filter for trend, but my guess is what I term
a breakout is not what is commonly accepted as one. Anyway you
cut it there is no free lunch: "breakouts" will cost you, but they might
filter out bad trades.
Bill Wynne
TradeWynne@xxxxxxxxxxxxxxx
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