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Re: day:stocks



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<DIV><FONT color=#000000 size=2>Hi Linda,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>If you haven't already checked on this, why don't you look at 
all your previous trades to see what would have happened if - rather than taking 
a quick quarter point profit what would have happened if you'd have moved your 
stop to breakeven (when you had scalped out your quick profit), and then trail a 
tight stop with a profit target based on the 5 day average true range.&nbsp; 
This strategy may give you enough &quot;breathing room&quot; to allow the trade 
to move far enough so that rather than scalping out a quarter point profit you 
could then put in a trailing stop at that point to at least &quot;lock-in&quot; 
what you'd have otherwise taken, but allow yourself the opportunity for much 
larger gains.&nbsp; </FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT color=#000000 size=2>I personally used to have lots of small profits 
and a few small losses, and now I have lots of small profits, a few breakevens, 
a few small losses, and importantly a few LARGE gains; the bottom line has 
improved.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>Hope that helps.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT color=#000000 size=2>Good trading,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>Pete Hallock</FONT></DIV>
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From: 
</B>Linda Swope &lt;<A 
href="mailto:linda@xxxxxxxxxxxxxx";>linda@xxxxxxxxxxxxxx</A>&gt;<BR><B>To: 
</B>RealTraders Discussion Group &lt;<A 
href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
</B>Tuesday, October 13, 1998 10:41 PM<BR><B>Subject: 
</B>day:stocks<BR><BR></DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px"></FONT>
    <DIV><FONT color=#000000>Now that I'm no longer trading by the seat of my 
    pants and trying to do this like a grown-up, I could use a little more 
    advice.&nbsp; I'm trying to use triple screens to establish my entry &amp; 
    exit points.&nbsp; I'm watching a level II screen and a time &amp; sales 
    screen also to daytrade Nasdaq stocks like INTC.&nbsp; As I've said before, 
    I'm afraid to stay in for long &amp; rarely capture more than a 1/8 - 1/4 
    point move.&nbsp; My losses average about an 1/8 point.&nbsp; What I want is 
    a trading system that gives me some confidence to stay in a little longer 
    and capture more of the trend, not just the immediate move.&nbsp; Any 
    suggestions?&nbsp; Thanks and good trading!!</FONT></DIV>
    <DIV><FONT color=#000000>Linda Swope<BR>Swope's Mountain 
    Photography</FONT>&nbsp;</DIV>
    <DIV><FONT color=#000000>**Climb the mountains &amp; get their good tidings; 
    Peace will flow into you as sunshine into flower;&nbsp; the winds will 
    blow&nbsp; their freshness into you &amp; storms their energy, &amp; cares 
    will drop off like autumn leaves.&nbsp; John 
Muir**</FONT></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Wed Oct 14 08:20:59 1998
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Date: 14 Oct 98 10:46:37 EDT
Reply-To: ynos@xxxxxxxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: mitch ryder <ynos@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: [Andrews, Newton, etc]
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John,
      In regards to your question about the Andrews/Newton techniques. You
asked if anyone has direct experience with it. I have been watching them
update their site for quite some time, so I know the end of July signal to buy
bonds was posted on the date they said it was. This particular signal is one
which they get a few times a year and as we can all see with 20/20 hindsight
it was very profitable. On this real traders site I noticed that R. Muldowney
posted a sell alert using the Andrews signal in August before the drop in the
S
I've been trading for several years and have examined several trading courses
and systems. I prefer to understand what I am doing so that I can modify it to
a time frame that is profitable for me. Before I put my money on the line I
checked them out. They teach about 25-100 people a year and make their money
on trading and other businesses. They are available to talk to when you have
questions. Since purchasing the course I have talked to 6 others that have
taken the course and they concur that it is a solid set of techniques that
makes them money. I have talked to traders who apply the techniques to
intra-day and position trading.  

A few weeks ago I purchased their basic and advanced course. The basic course
is not very expensive. Last week on Thursday there was a buy signal in the
S&P. I got long and unloaded 1/2 of my position at the opening yesterday. I'm
a happy camper. 

Regards
Mitch Ryder





Mitch Ryder
Ynos@xxxxxxxxxxxx

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