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Yuki; Not that I'd have good
reason to draw conclusions from your answer, but, out of curiosity, how many of
the five pay dividends?
Richard
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Yuki
Taga
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">Phsst
Sent: Thursday, July 17, 2003 8:36
PM
Subject: Re: [amibroker] Re: Random
selection of stocks
Hi Phsst,Friday, July 18, 2003, 11:07:06 AM, you
wrote:P> But from Yuki's post about trading only 5 stocks, I
concluded thatP> there surely must be a great potential benefit from
being soP> intimately familiar with a small number of highly liquid
stocksP> that you can see their charts in your sleep. You should be
able toP> develop superior instincts regarding
support/resistance/volumeP> relationships.Well, this is it
really. I feel like I'm the doctor or thepsychiatrist for these
stocks. When they get a headache or a fever,sometimes I can tell
before they can. When they have personalproblems, they bring them to
me. ^_^ When they fool me, I knowsomething big is afoot, and I
get un-fooled and on board in a bighurry.One of the nicest things
I find is that I am no longer surprised bythings that used to surprise me
years ago. Yes, it *can* go to thatextreme, and very well may,
because I've seen it before. So I don'ttry and fade "foolishness" as
quickly as I once did. Now, about thetime I'm ready to fade it, it's
very bloody stupid and I have somefriends ready to start working with me,
instead of against me.Yes, I know what to expect on a normal
open. I know when the openingvolume is really speaking, and when
it's just advertising. And yes,I can see the charts in my sleep, and
sometimes actually do. ^_-It's one approach. Maybe not for
everyone. Here in Tokyo it's muchharder to follow (and especially to
trade) a wide selection. Nostops. None. You can get a full service
broker to agree to try, buteven they don't have stops, so if she or he is
on the phone tosomeone else at the critical time, it's a case of 'gomen
nasai' (sosorry).You asked earlier about how I select. It
happened over the years,actually. I found I could trade some stocks,
and not others.Gradually, I stopped trading the ones that gave me trouble,
andfocused on the ones that didn't. I've always had a narrow-ish
focus,but it has become a laser beam in the past 5 years or so. As
I'vestarted to dabble in systems, it's simply amazing to me that
thestocks I usually made money on historically via discretion are
thesame ones that work well for my systems. (Maybe I subconsciously
lookfor systems that fit my stocks.) ^_^ But there it
is. No rocketscience, no nothing. I just go with what works. The
stocks that worktend to keep working. The stocks that don't work so well
tend toalways be trouble. Can I prove this behavior will continue
into thefuture? Not a chance. But I can prove it has persisted like the
devilin the past. Which way would you bet? I thought so.
^^_^^YukiSend
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