文档介绍：This tutorial was originally titled “Daytrading the Bear”
and was recorded at the Online Trading Expo
Beating The Bear: Short-Term
Trading Tactics for Difficult Markets
By Jea Yu
© Copyright 2001 Traders’ Library
The New Market Paradigm
• Bull mania, dart throwing, impulse trading,
news stories, momentum trading is DEAD
• The Market has FILTERED out the novelty
players and the ‘momentum’ daytraders
• The Bull was a fruitful age of marvelous
bounty and plunder
• The Bear is the ICE AGE
• Focus and Discpline is Key to Survival
What Makes This Market
Tougher?
• Lower Prices = Less movement (CSCO at
$90 moves much more than CSCO at $17)
• Decimalization
• Lighter Volume = More Ranges = Less
Liquidity = Less Followthrough = Less
Profit
Quick Review Of Basket Trading
• The Key to making steady e and
hitting daily profit goals is to PICK a set of
BASKET stocks.
• Watch, watch, watch
• Impulse trading is a CARDINAL SIN
• Basket stocks should be tier 1 or tier 2
stocks with Volume and move with the
Noodles (aka Nasdaq 100 futures)
The Tools
• 1 minute Stochastics for Nasdaq 100 Futures
• 3 minute Stochastics for Nasdaq 100 Futures
• 3 minute Simple Moving Averages Chart
• 1 minute Stochastics Chart
• Nasdaq Level 2
Basic Tools Setup
Decimalization
• Smaller profit increments
• More chippie panic
• More sweep orders
•.10 increment mo ticks
• Crosslock Overshoots
Watching the FULL CONTEXT
• Now more than EVER, you MUST watch the FULL
history of your basket stocks and whatever stocks you play
prior to any action
• You can NEVER take a stock’s move out of its context =
no impulse trading
• The more history you know about the stock, the higher up
on the totem pole you stand
•“He who doesn’t know who is the MARK... Is the
MARK!”
• There are no Cliff Notes to this game anymore
Taking Profits
• Range, range, range, PANIC, wiggle, range,
range, range
• Most stocks have limited followthr