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Hello Tom,
TB> I am a position trader and leave day trading to those better
TB> suited for it.
Yes, it's best to find a method that suit's ones self, I agree.
TB> I can not or will not day trade because I know I do not make good
TB> decision under pressure. I need time to analyze and select the
TB> best opportunities from a variety of different markets so position
TB> trading is my strong suit.
Yes, good point! The exact reason I would suggest anyone who wishes to
day trade use computer generated systems. As humans we are very week
under pressure. We make all the wrong decisions under pressure.
TB> For a lot of other reasons position trading makes more sense for
TB> me because I do not want to be tied to a computer or quote machine
TB> all day. I make my trading decisions at night when the pressure is
TB> off, email my orders to my broker for the next morning and then go
TB> fishing.
Yes, a very good point! Not only do I go fishing I often travel to
Chicago just to eat pizza with a broker friend. I can do all this
because I have my trading completely mechanical. My redundant trading
platforms send out signals to a secure site where my broker the
trades.
TB> Position trading provides me with the best of both worlds. I love
TB> trading and make my living at it. My work day starts at about 5 pm
TB> and runs until about 10 pm at which point I email my broker and
TB> call it quits for the day. The next day up until 5 pm I can do
TB> whatever seems appropriate with my time.
This is sad, I hate to see anyone work at night like that when
normally we would want to spend time with our families. Even though
you are a end of day trader with your days free. It seems you are
having to work the night shift and missing out on some things. As a
good will jester I would be glad to fully program what you do into a
fully mechanical model for you which could reduce your work time from
hours to minutes.
TB> If it's hunting season I go hunting, if it's fishing season I go
TB> fishing, etc, etc etc. My way is not for everyone but that is why
TB> God made us all different.
Although I would personally "NEVER" kill something for the sport of
it. I am glad to hear that God has touched your hardened heart to
realize that we must all try and get along.
TB> God bless and best of wishes in all your future endeavors, Tom
Oh, and may the lord, God be with you also and bless you and your
family.
--
Best regards,
TheQuant
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