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Hello Chuck,
I think in the same terms that you expressed regarding using filters
against a full blown database to narrow down selections. That approach
does not necessarily translate into 'holy grailism' as expressed by Yuki.
But from Yuki's post about trading only 5 stocks, I concluded that
there surely must be a great potential benefit from being so
intimately familiar with a small number of highly liquid stocks that
you can see their charts in your sleep. You should be able to develop
superior instincts regarding support/resistance/volume relationships.
So I'd like to take a shot at that approach too. I don't have to
abondon one trading system for another. What is the old saying...
variety is the spice of life.
So now I'll spend a few days filtering down to my target basket, and
then start applying some rules to trading them to see what shakes.
A new quest...
Phsst
--- In amibroker@xxxxxxxxxxxxxxx, "Chuck Rademacher"
<chuck_rademacher@x> wrote:
> I wasn't going to reply to Yuki's comment about "looking for things that
> work across a random selection of stocks is a waste of time", but
Fred has
> sort of got me motivated to do so.
>
> I understand why Yuki made the statement, but I prefer to do the
filtering
> process (that she is manually doing) within my trading system.
Yuki, what
> makes you select certain stocks for trading? You don't need to
answer that
> question, but I feel that whatever anyone does to create a watchlist can
> become part of the AFL code. By doing it as part of the trading
system,
> stocks will come into and go out of the list, without my
intervention, for
> backtesting and for trading forward. When a stock no longer has that
> "look" that I like, it will just disappear from my list of orders to
place.
>
> Just my three cents.
>
>
>
>
> -----Original Message-----
> From: Fred [mailto:fctonetti@x...]
> Sent: Thursday, July 17, 2003 10:20 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Re: Please send unmarked bills, in a brown
paper bag,
> to: ...
>
>
> I'm not sure I agree with the statement that "looking for things that
> work across a random selection of stocks is a waste of time".
>
> Part of the process that makes this viable i.e. reduces random
> selection to specific tradables can of course be a scoring/ranking
> ranking.
>
> When properly applied this too works.
>
> --- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> > Hi Fred,
> >
> > Thursday, July 17, 2003, 12:16:45 PM, you wrote:
> >
> > F> If we had a system and it was only good enough to trade the S&P
> > F> wouldn't that be sufficient whether that was in the form of
> > F> EMini's, Options, ETF's or what have you ? Does any particular
> > F> system have to work across a basket of whatever to be viable ?
> >
> > Absolutely, it is not necessary. I am making hay, lots of hay,
> > trading the same 5 stocks over and over according to a system. They
> > have made money with this system as far back as I can test. They
> > continue to make money. Other stocks break even with the system. I
> > don't know why. I don't really care either. I will continue to
> > trade the 5. Someday they may stop working. On the other hand,
> they
> > may not, as I can't find a significant time frame where they
> haven't.
> > But if they do, I'll look around for something else that works.
> >
> > Looking for something that works across a "random basket of stocks"
> > is A) a waste of time in my opinion, because B) it makes you Pope of
> > The Universal Church of Holy Grailism, which kicked me out years ago
> > for heresy. ^^_^^
> >
> > Yuki
>
>
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