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News Focus
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kmjb9763

03/07/03 11:31 AM

#84215 RE: Zeev Hed #84213

NEM getting pummeled. See a buy here?? Mike
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obiad

03/07/03 1:13 PM

#84294 RE: Zeev Hed #84213

Zeev,
Despite still being a relative novice, I think I can do a good job of identifying boxes for individual stocks for daytrading purposes. Unfortunately, like many, I do not have the ability to arrive at a roadmap for the day. I usually don't have a clue what the market will do. I have often read that achieving 60% win rate is essential if one hopes to be a successful daytrader. Your win rate is close to 85-90%. Two questions:
1. In your view is it possible to achieve 60% win rate without a daily roadmap, i.e. just blindly play top and bottom of boxes ?
2. Does having a good roadmap-producing model account for your very high win rate, or are intangibles such as experience, intuition, discipline, the more important contributors to your record of success ?

TIA

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unctarheel

03/07/03 2:21 PM

#84345 RE: Zeev Hed #84213

No it is a combination of the daily map and boxes in the individual issues.


Zeev,
Is there a specific time frame you use to create a stock's box? High/Low trading range from previous day, previous week etc? TIA