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Dear Bill,
I would be more than happy if you could prepare something on this.
Best Regards
Dimitris Tsokakis
--- In amibroker@xxxx, "wavemechanic" <wd78@xxxx> wrote:
> Nate:
>
> Welcome to the "older and dumber" club. We always need young blood.
>
> By market timers are you asking about market timing services or
market timing techniques? In either case, I do not use any services,
reflecting a distorted, independent personality that does not adjust
easily to "follow the leader." I do, however, rely heavily on
graphic studies with confirmation from trend-following and momentum
indicators. Except for parameter adjustment, these studies do not
change as a function of time frame. I use my Ouija board to fill in
the gaps that are always present with any approach. No systems at
all. In that regard, I have been brainwashed, or at least nearly so,
by Bob Miner of Dynamic Trader book fame, and eschew systems. Miner
recently published the attached article about system trading,
presented in his usual no nonsense style that I find very refreshing.
>
> Like you I have been around many corners in my trading "career"
until landing on my present approach. There is no single way to skin
this cat - no right or wrong way. Each has to find the way that is
comfortable. But whatever route one chooses, an essential part of
the discipline is money management. Without that you are lost,
irrespective of the methodology used. However, with it plus a
reasonable approach to entry and exit decisions one can do OK.
>
> We are also similar in terms of our trading vehicles. Like you I
use a number of no-load funds, including highly leveraged ones. To
do so, I primarily analyze indices. I also trade indices or related
issues (e.g., QQQ), usually in a derivative form (options and
futures). I find that this works for me, permitting my time to be
spent analyzing a limited number of issues in depth by my
methodology, which produces a level of confidence that I think one
should have for trading purposes.
>
> Or so it seems to this ole curmudgeon.
>
> Bill
> ----- Original Message -----
> From: Dr. S. Nathan Berger
> To: amibroker@xxxx
> Sent: Saturday, July 28, 2001 10:02 AM
> Subject: [amibroker] The Holy Grail of Market Timers
>
>
> Hi, everyone
>
> When I was younger and smarter, I would look at my charts (hand
drawn,
> pre-computer) and see patterns suggesting the markets were going
to rise or
> fall, and would buy or sell accordingly. Now that I am older and
dumber, I
> have come to rely more and more on some sort of graph, index, or
system
> which magically points out for me the markets are getting ready
to reverse:>))
>
> Humor aside, would it be possible to run a "poll", a sort of
consensus
> regarding preferred market timers?
> In browsing other websites, chat rooms and the like, there seems
to be no
> end of indicies used for this purpose, but frankly, our group is
as smart
> and sophisticated as any other out there! I would like to know
what our
> brains are using.
>
> For myself, I now trade only no-load mutual funds, so the timing
systems
> used for trading futures, etc. are of lesser interest. Can we
please have
> some input for general market timers?
>
> Best to all,
>
> Nate
>
>
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