Replies to post #40233 on Short Term Trading Member Forum

[PriceTeam]

Is anyone out there using automated stops successfully? If yes, do you have stats on your success/fail rate? What percentage do you use as an average?

TIA,

T.

[PriceTeam]

Golfin, the policy of holding pays until it doesn't, and applying it consistently over a period of 10 years could put a guy out of business in certain situations.

T.

[tjwny]

Golfin, there are a few jewels in tons of dirt being piled on this board and some just keep piling. Here is a jewel "patience and intermediate-term trading is the only way to win. "

In my infrequent post I have pointed to three factors worth considering; why dont we collaborate on these along the road to prosperity?

1. Simple T/A with simple rounded targets like 5%, 10% up/down, dow 9K, 10k.. SP 1000,1100,1200,, . We were 50% down from all time high and we are up 50% now from these lows.

2. Watching change in direction of BREADTH as we watch traffic while driving.

3. :patience and intermediate-term trading is the only way to win:. To that I will add a simple pragmatic target for the LENGTH of the move at hand and discipline to not go counter to the intermediate term move, with our guide being again , the BREADTH. Also the understanding in tricky markets like these that meat of the move is in last third of its duration so again being patient and confident.

GL>