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    Is Momentum Trading Inherently a Low Success Rate Play?

    I know one trader (not me, and I'm envious) who does it intraday by watching a small handful of markets. The way he does it is by (1) only trading with an obviously strong trend, (2) achievable profit targets, and (3) using limit orders for entries so that the market has to come to him in order...
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    Don's openings and more for 2005

    And the NYSE turns 213 today. Happy birthday to Bob, and good luck to both of you at the game!
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    Is Momentum Trading Inherently a Low Success Rate Play?

    I've had some good results in increasing the success rate through better entry strategies (including additional filters) and profit targets as opposed to trailing stops. Of course, there are always tradeoffs. A lot of strategies with lower success rates have a higher win/loss ratio and a...
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    What is the single most important element in trading?

    One peek at the order flow. :D
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    How can I track the 40-day historical vol. on a stock?

    TC2005 (end of day version) is a pretty reasonably priced charting service, and it's possible to calculate HV by hand in that software. That way, you could scan the whole database for stocks with the volatility values that meet your needs.
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    Why so hard on indicators?

    I know that no indicator isn't perfect (just like no price pattern is), and for me money management is a more crucial ingredient for trading success. Nevertheless, even though I'm well aware of the dangers of relying too much on indicators, I do like them for a few very important reasons...
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