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<DIV><FONT color=#000000 size=2>hi traders i thought this might be
helpfull</FONT></DIV>
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Jay O'Hara <<A
href="mailto:jay@xxxxxxxxxxxxxxxx";>jay@xxxxxxxxxxxxxxxx</A>><BR><B>To:
</B>robin hall <<A
href="mailto:rjeanhall@xxxxxxxxxxxxxxxx";>rjeanhall@xxxxxxxxxxxxxxxx</A>><BR><B>Date:
</B>Tuesday, January 12, 1999 2:11 PM<BR><B>Subject: </B>RE: free live
quotes<BR><BR></DIV></FONT>
<DIV><SPAN class=670430920-12011999><FONT color=#000000 face=Arial size=2>Dear
User, </FONT></SPAN></DIV>
<DIV><SPAN class=670430920-12011999><FONT color=#000000 face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=670430920-12011999><FONT color=#000000 face=Arial size=2>Yes,
we do carry T-Bond market quotes. What bond in particular are you looking
for?</FONT></SPAN></DIV>
<DIV><SPAN class=670430920-12011999><FONT color=#000000 face=Arial
size=2></FONT></SPAN> </DIV>
<DIV> </DIV>
<DIV><SPAN class=670430920-12011999><FONT color=#000000 face=Arial size=2>Please
include all recent email dialogue with Freerealtime.com in your response by
clicking on reply. </FONT></SPAN></DIV>
<DIV><SPAN class=670430920-12011999><FONT color=#000000 face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=670430920-12011999><FONT color=#000000 face=Arial size=2>Thank
you. </FONT></SPAN></DIV>
<DIV> </DIV>
<P><FONT size=2>_________________________________________<BR>Support and
Development<BR>FreeRealTime.com Inc. (NASDAQ OTCBB: FRTI)<BR><BR><A
href="mailto:support@xxxxxxxxxxxxxxxx";
target=_blank>mailto:support@xxxxxxxxxxxxxxxx</A><BR><A
href="http://www.freerealtime.com/";
target=_blank>http://www.freerealtime.com</A><BR><BR></FONT></P>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV class=OutlookMessageHeader><FONT face="Times New Roman"
size=2>-----Original Message-----<BR><B>From:</B>
support-request@xxxxxxxxxxxxxxxxxxx
[mailto:support-request@xxxxxxxxxxxxxxxxxxx]<B>On Behalf Of</B> robin
hall<BR><B>Sent:</B> Tuesday, January 12, 1999 11:44 AM<BR><B>To:</B>
help@xxxxxxxxxxxxxxxx<BR><B>Subject:</B> re:free live
quotes<BR><BR></FONT></DIV>
<DIV><FONT color=#000000 size=2>hi there</FONT></DIV>
<DIV><FONT color=#000000 size=2>do you have real time live qoutes for thr T
BOND mkt/ </FONT></DIV>
<DIV><FONT color=#000000 size=2>thanks for your
help</FONT></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Tue Jan 12 16:51:44 1999
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Date: Tue, 12 Jan 1999 12:26:14 -0800
Reply-To: neal@xxxxxxxxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: Neal Hughes <neal@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Scalping Help!
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<x-rich>At 01:56 PM 1/12/99 -0600, Gary Kramer wrote:
>>>>
<excerpt><italic><smaller>I have been day trading Spoos for about 5.5
months now and have a dilemma. When I first started out, I scalped the
market and made 1-2 points per trade and was making money consistently.
I was using retracements as the basis for my trades. Everything I read
and everyone I listened to suggested that in order to succeed, i needed
to let profits run. I noticed that I left a lot on the table so I
investigated a whole bunch of other systems. Nonetheless, even though
the systems worked, they did not work for me. I just couldnt let my
profits run and I wasnt good at implementing the strategies. My
confidence soured and I reverted back to the scalping to get my equity
and confidence back. Again, I tried other strategies and failed. I am
back to scalping and feel real good about it. I have a friend who
guarantees that I will fail if i scalp. I have looked back at hundreds
of charts and recognize that based on my strategy of buying or selling
pullbacks, the success rate is near 80% with objectives of 1.5-2 points.
The question is: can I make money? I have done so, am doing so now, but
its bothering me that this buddy of mine insists that it cant be done.
BTW, I always have a 2 point stop in!
</smaller></italic>
<italic><smaller>Any words of wisdom would be most appreciated!
</smaller></italic>
<italic><smaller>Thanks
</smaller></italic>
<italic><smaller>
Gary Kramer
</smaller></italic>
</excerpt><<<<<<<<
Gary,
First, if you're making a profit, keep doing it! Most people can't make a
profit
consistently, don't listen to them! Congratulations on beating the
odds!
Second, (I don't trade the S&P, but individual stocks), taking a profit
is
the best way for me. I use pre calculated profit objectives (most often),
subject to price action of course (can be over-ridden by thrust or lack
of).
And don't care "how much I leave on the table". I can always initiate
another trade to capture the rest of the move (trend).
It depends on the trader's personality. Taking profits is great for
your peace of mind and "job satisfaction". Having a profitable trade
turn to a loser because of attempting to "let your profits run"
consumes
your emotional capital. Trying to exit with a trailing stop can
increase your slippage because you are getting out after the trend,
with all the other panicking traders etc..
Hanging on to a trade without a profit objective is like trading
without
a framework (for me). It's more emotional, more risky, less
calm/logical.
Emotional trading is too risky for my liking.
So there's nothing wrong with having an order in the market to take
you out at a pre calculated profit objective. If the trend still looks
good
after you've exited, enter on the next retracement, make another
profit.
These are businessman's profits, there is no need to hope for the
"big one".
Just do what works for you.
Best wishes,
-Neal.
-----------------
Neal on the 'net.
Trade well. Train hard.
http://www.halcyon.com/neal/
</x-rich>
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