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Michael,
On Thu, 6 Dec 2001 10:07:45 -0600 you wrote:
From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
Subject: Re: Per share pricing
IB is a
daytrading platform designed for fast execution. If split second
timing
isn't of interest, then the phone desk problem probably doesn't
offset the
risk. Course, if you're always on the right side of the market, the
long
phone wait just increases your profits. <G>
In a single trade approach, the market
has to move in your preferred direction.
In a multiple trade approach a move in your immediate favour is required
or if move is against your first position only a small retracement in
your favour is required for profit.
As an example this means you can buy at the top and still make
money.
So it is possible to always be on the right side of the market - but only
if you have a multiple entry based approach and patience and trust and
under-trade.
If the market moves immediately in favour of your current positions fine,
if market moves against the initial position another better opportunity
is presented for even higher profits later.
So all moves are favourable.
Regards, Ric.
www.traderscalm.com
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