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Not true
Earl Adamy wrote:
> If you are going to risk 15 points trading the full size contract then you
> should probably be position trading to take advantage of the longer runs.
> Personally, that's not my cup of tea so I day trade because I can limit my risk
> to around 2 points = $500. Although I use a standard methodology, I don't use
> indicators and I do enter/exit on a discretionary basis. People with really
> great day trading systems don't sell them, they trade them so you are unlikely
> to buy anything which will work on a long term basis. If you want to day trade
> successfully, you need to learn to read the price action.
>
> Earl
>
> -----Original Message-----
> From: RONC2@xxxxxxx <RONC2@xxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Wednesday, August 26, 1998 8:08 PM
> Subject: Daytrading:Todd Mitchell
>
> >Last week I took my first try at daytrading the S&P. Lost about 15 points
> >trading the full size contract, scaled back to theE-mini and gained 4points.
> >The knot in my stomach has since loosened and I feel that my self training
> >through study of various texts and the intraday charts has not been enough.
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