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David,
Unfortunately, I know nothing about 'Lateral Trading' and cannot
comment their activity in any way. Meanwhile, determining what
is the bottom or near is very subjective process (guess??) and up to an
individual trader. I would use some other indicators additionally to
determining 'near historical lows' situation to improve odds.
Right, one may need a substantial account and strong nerves. Though, I will
stop an accumulation, if there is an evident strong continuation of down
slide and wait for some stabilisation, indecision period, or the next good
support level. That is where
the method supposed to be the most profitable.
Robert
The truth is out there...
> -----Original Message-----
> From: owner-realtraders@xxxxxxxxxxxxxx
> [mailto:owner-realtraders@xxxxxxxxxxxxxx]On Behalf Of David Hunt
> Sent: February 15, 1998 9:06 PM
> To: RealTraders Discussion Group
> Subject: Re: channel breakout
>
>
> Robert,
>
> This was the exact style of Lateral Trading: Taking small profits and
> adding to losers. Maybe commodities do have different properties, but
what
> do you define as Historic lows. Lows in past 5 years (there goes Gold
> trades), 10 years (there goes most commodities). Anything further and
what
> do you get to trade?
>
>
>
> David Hunt
> http://homepages.tig.com.au/~adest
>
> ----------
> | From: Robert Must <rmust@xxxxxxxxxxxxxxx>
> | To: adest@xxxxxxxxxx; RealTraders Discussion Group
> <realtraders@xxxxxxxxxxxxxx>
> | Subject: RE: channel breakout
> | Date: Monday, February 16, 1998 12:40 PM
> |
> | Sorry, but it is clearly written in the Wiest's book not to
> | trade futures and equities and other financial instruments
> | that may be influenced by other circumstances than simple
> | supply and demand. As far as I am aware Victor Neiderhoffer's
> | approach was not even close to 'scale trading' and if you recall
> | he has lost on equities and financial instruments. Meanwhile, a
> | commodity is something that is not physically affected. Gold will
> | be gold and hogs will be hogs even in 300 years.
> |
|