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Phsst,
Again ... I really am NOT pushing a product ... but this is what PT
was made for i.e. to filter or more appropriately SCORE and trade the
high scorers.
Fred
--- In amibroker@xxxxxxxxxxxxxxx, "Phsst" <phsst@xxxx> wrote:
> 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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> >
> >
> >
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