Support and Resistance Trading Forum

Re: Day Trading
By:blu
Date: 6/19/2009, 7:50 pm
In Response To: Day Trading Webinar Wednesday (Erich (vendor, CTA))

I was wondering if anyone else has been trying Erich's idea
of trading for $50 bills, as He has been doing in His webinars?

I have been trying it since watching the first webinar,

using about $100 stop or just abo the pivot.

So far My success has been quite limited as stop loss
exceeds profits.

Why is it so hard to grab 4 tics in this market?

Entrys are subjective, and I start to 2nd guess myself after
losses, therefor haven't had success inthis method.

I see many swings add up to $200-250,
so it would seem a trailing stop would benefit some.

But then, as I said, even 4 tic profit objective seem elusive.

I would like to know how others are doing with this.

Thanks Erich for your webinars,and your efforts to share,
I enjoy them,
altho I think they need to be 2-3 hours long.

BTW, I see You are trading Naked.

I've been thinking about that,
But my office is in the basement,
and its kinda cool down here,
I'd probably freeze up.
lol

thanks
blu

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