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    DT1 Swing Trading Journal

    Explaining the importance of position sizing is beyond the scope of posting a simple message on this board... The book I mentioned covers this in great detail...
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    DT1 Swing Trading Journal

    I suggest you read the book Trade your way to financial freedom.. by Van Tharp.... it goes into great length about the importance of position sizing.. You can also buy or sell less than 100 shares if necessary.. so even 100 shares is not the smallest amount of shares you can trade. --MIKE
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    Semi-Low-Volume Swing System Journal

    Zorak.. By the way.. A lot of these small caps can not even be shorted.. they simply dont have the shares available to short... --mIKE
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    I feel the entry is also critical

    Good points... Do you think the fact that entry is more important in day trading than position... a negative feature of daytrading? --MIKE
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    I feel the entry is also critical

    Surfer... My point about the bars... is that the broader time frame the greater the amount of bars per a trend... Do this analysis with daily charts, weekly charts, 5 min charts, 1 min charts.... whatever The daily charts have long trends... weekly charts have longer trends per a...
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    I feel the entry is also critical

    I swing trade and I am consistently profitable.... Therefore I believe my words have more merit as to someone that is unprofitable.. not that you are unprofitable... I just want to make sure that I am having a discussion with a real trader.. not a wanna be... understand?
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    I feel the entry is also critical

    I wouldnt want proof I would take your word for it... I just want to know if people are really making $ trading the eminis intraday.. thats all... You seemed as if you found something that working.... I just wanted to know if you were profitable... I am not trying to start a pissing...
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    I feel the entry is also critical

    90 bar downtrend for AMD... 5/22/01 - 10/2/01 also AMD 140 bar downtrend from 6/5/00 - 12/21/00
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    I feel the entry is also critical

    I see 153 bar uptrend for NVR from 9/21/02 to 5/202
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    I feel the entry is also critical

    I am up around %80 the last 10 months... with a min drawdown of around %10.... I have done over 100 trades... Risk to reward of about 1:3.5 and Im right about %38. Expectancy roughly 50 cents... --MIKE
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    I feel the entry is also critical

    I disagree... would you care to share your succss with us daytrading the eminis in terms of percentage or points not dollar value .. I am just curious...
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    I feel the entry is also critical

    You are missing my point.. I am talking about comparing bar to bar.. Count the amount of bars in an trend on a 5 min chart.. and count the bars on a daily chart... The bar trend lasts much longer on daily charts... --MIKE
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    I feel the entry is also critical

    Slippage is an issue with testing stocks... because you are working with a small risk to reward to begin with... I agree and stated earlier it is possible to successfully test a intraday futures strategy... slippage and liquidity is a non issue. The problem is limited time for big gains...
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    I feel the entry is also critical

    I would like to see Tony Oz's daytrading journal post nasdaq bubble... Slippage is really unpredictable intraday.. maybe you can get away with it.. if you trade really big caps... but it can make a big difference when doing testing... I am not saying that there arent any daytraders...
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    I feel the entry is also critical

    I agree 100%.. but I believe the further horizon you go out.. the greater the chance of profitability... For me.. day trading is too much noise... and long term is too long ... swing trading combines the best in terms of position sizing, avoiding the intraday noise.. and high frequency...
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    I feel the entry is also critical

    I trade trends too... intraday trends are more difficult to trade then daily bar trends... For one thing... daily bar trends... last much longer... like a recent example EBAY, GRMN...
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    I feel the entry is also critical

    Yea.. here is an idea.. why dont you do a random system on the QQQ, SPY, DIA daily bars not intraday bars.. I bet your results will be different. Van Tharp's random system was based on daily bars... Anything testing intraday.. whether random or not... is very difficult... Intraday is prone...
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    I feel the entry is also critical

    Nice spin. Let me put it in a different perspective.. I have yet to read a consistently profitable day trading journal anywhere ... When daytrading stocks.. systems can not be tested because of liquidity concerns and noise movement. The only intraday system that can really be tested are the...
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    I feel the entry is also critical

    Just want to make one thing clear.... I agree that entries/setup are important.. and I do not advocate trading a random system.. But where most traders focus is on the entry.. they ignore the exit and position sizing. --MIKE
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    I feel the entry is also critical

    I dont want to turn this thread into a pissing contest... I have stated my points already... please Private message me.. if you want to take this further.. -- MIKE
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