jay, true. i've seen that as well! and that's a good living for them. and it's all good. but i don't see as many people doing that well - $1K/day for 250 trading days. but if people like to make their brokers rich or their prop owners rich then it's fine as well. whatever floats your boat man...
I particularly like bracket entries and using the open order as an inital stop. My days are divieded into two parts: before and after first trade. LOL... This seems to be related to emotions. As a person who can't loose (except time lost) entries and exits rank way below "hold" in importance. "Wait" and "hold" are about equal.
I agree completely. And, yes, the question posed in the first post had to do with entries and exits. But, somehow, these threads always end up being about the superiority of swing trading over daytrading or vice-versa. The number of people who are successful with one or the other doesn't really matter since success lies within the trader rather than within the method or the timeframe. Therefore, perhaps the discussion could center around the importance of entries rather than what a waste of time daytrading is or how nobody can make any money at it. --Db
Yes, yes, yes! Thus, since Trend Fader doesn't daytrade, his experience leads him to believe entries are not important. Then a daytrader comes along and says, "Hey wait a minute!" IT DEPENDS ON HOW YOU TRADE.....PERIOD!!! FRuiTY