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As volatility breakout trader who averages down in the expectation you can
always be on the right side of the market, how DO you stay so
calm?
<BLOCKQUOTE
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
ric
ingram
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Friday, December 07, 2001 7:43
AM
Subject: [RT] Always on the Right
Side
Michael,On Thu, 6 Dec 2001
10:07:45 -0600 you wrote:
From: "Michael Ferguson" <<A
href="mailto:wl7bdn@xxxxxxxxxxxxx";>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.<A
href="http://www.traderscalm.com/"; eudora="autourl">www.traderscalm.com
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