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I agree MetaStock is great however no computer software can make the
decsions for you. Just remeber all computer applications were programed
by a human being. However with MetaStock and good attitude and system we
can all win in the market. I don't know how any of you feel but if we
can win 7 out of every 10 times I think we can make good money trading.
In response to Jerry that is the case. I have a tendency to get
emotional it is human nature however when I do I try exting the market
asap. Being emotional is not good in this market and you have to make
the playing field as level as possible because there are to many big boys
with big money in this game.
On Fri, 08 Aug 1997 12:19:53 -0400 "Dr. Ralph W. Swanson"
<rws@xxxxxxxxxxx> writes:
>I think that the MetaStock List service will be helpful as I get more
>involved in active trading. We all should be painfully aware that
>trading
>involves not only a great deal of market analysis(FA and TA) but the
>development of a sixth sense of what the next market move will be.
>The
>market is an arena of millions of investors around the world most of
>whome
>invest by the 'seat of their pants' or by rumor or whatever. The old
>adage
>of the markets operating by fear and greed as well as supply and
>demand are
>still valid. 85% of investors lose money so we should all try to be in
>the
>15% who make money. Don't ever make the mistake that it will be easy.
> The
>competition is fierce. By the way I noticed that there are several
>PhDs on
>the list. I have one in Physics, but for all of you who don't have
>one--rejoice! In the rough world of trading, a PhD and a $1.00 will
>get
>you a cup of coffee- nothing more. You have to have the determination
> and
>willingness to really study and avoid all of the tips and advice from
>brokers who could care less about you except for their commissions.
> Now that I have given a lecture on my investing philosophy,
>let me hear
>from any of you--good or bad. I don't have a thin skin.
> I want to add that from the E-mail I have read so far, A lot
>of it is just
>chit-chat. I seems to me we all should discuss real problems and ask
>for
>or give possible solutions to make this business of investing easier
>and
>more profitable. MetaStock is great but it won't make the decisions
>for
>you. I would like to hear from someone about a bad trade and, after
>analysis, what did you do wrong-- or a successful trade and what did
>you do
>right.
>
> Best wishes from Cocoa Beach, FL
>
>
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