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Yuki, well said. Bill
----- Original Message -----
From: "Yuki Taga" <yukitaga@xxxxxxxxxxxxx>
To: "Phsst" <amibroker@xxxxxxxxxxxxxxx>
Sent: Thursday, July 17, 2003 11:36 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 that
> P> there surely must be a great potential benefit from being so
> P> intimately familiar with a small number of highly liquid stocks
> P> that you can see their charts in your sleep. You should be able to
> P> develop superior instincts regarding support/resistance/volume
> P> relationships.
>
> Well, this is it really. I feel like I'm the doctor or the
> psychiatrist for these stocks. When they get a headache or a fever,
> sometimes I can tell before they can. When they have personal
> problems, they bring them to me. ^_^ When they fool me, I know
> something big is afoot, and I get un-fooled and on board in a big
> hurry.
>
> One of the nicest things I find is that I am no longer surprised by
> things that used to surprise me years ago. Yes, it *can* go to that
> extreme, and very well may, because I've seen it before. So I don't
> try and fade "foolishness" as quickly as I once did. Now, about the
> time I'm ready to fade it, it's very bloody stupid and I have some
> friends ready to start working with me, instead of against me.
>
> Yes, I know what to expect on a normal open. I know when the opening
> volume 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 much
> harder to follow (and especially to trade) a wide selection. No
> stops. None. You can get a full service broker to agree to try, but
> even they don't have stops, so if she or he is on the phone to
> someone else at the critical time, it's a case of 'gomen nasai' (so
> sorry).
>
> 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, and
> focused 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've
> started to dabble in systems, it's simply amazing to me that the
> stocks I usually made money on historically via discretion are the
> same ones that work well for my systems. (Maybe I subconsciously look
> for systems that fit my stocks.) ^_^ But there it is. No rocket
> science, no nothing. I just go with what works. The stocks that work
> tend to keep working. The stocks that don't work so well tend to
> always be trouble. Can I prove this behavior will continue into the
> future? Not a chance. But I can prove it has persisted like the devil
> in the past. Which way would you bet? I thought so. ^^_^^
>
> Yuki
>
>
>
> Send BUG REPORTS to bugs@xxxxxxxxxxxxx
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