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Fastrader

01/06/09 10:33 PM

#80078 RE: THE_YAK #80076

I like to get big in and big out. Scalping doesnt work me. I have been only trading since September and most of my trades have been swing trades since i am below 25K. One thing i definitely learned is to be patient and trend is your friend. If you believe in the chart, let it do its magic. Dont be greedy or paranoid.
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langlui

01/06/09 10:45 PM

#80096 RE: THE_YAK #80076

we talked about this tonight and you know I am better at swinging than scalping.
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J-RO

01/06/09 10:47 PM

#80101 RE: THE_YAK #80076

Scalper. I love swimming with the prevailing current, skimming a few points off the top, and then moving onto the next play. I'm comfortable with large lots on margin, and I limit my risk exposure by setting rather tight stop losses, which range from 3-5%.

I will swing when I see conditions are right. For example, crude oil / oil service plays have been hot for the last week; I've swung these based on the trade thesis that oil was 'dumb cheap' in the 30s. Also, I suspected there would be some upside price correction that would carry through for a few days. When the bull market returns, I will probably revert back to being more of a swing trader.