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Please explain "IMHO." Thanks.
H
-----Original Message-----
From: Al Taglavore <altag@xxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Saturday, August 22, 1998 3:09 PM
Subject: Re: Re:System development
>
>
>----------
>> From: John Manasco <manasco@xxxxxxxxxxxx>
>> To: metastock@xxxxxxxxxxxxx
>> Subject: Re:System development
>> Date: Saturday, August 22, 1998 1:56 PM
>>
>John Manasco wrote:
>
>> I've never traded commodities, never even new what they were until about
>> five years ago. Someday I'll venture into that arena but for now I'll
>> stick to equities and options.
>++++John, you will find that after applying your work to futures, you will
>trade stocks much better.
>IMHO, futures are easier, and the anticipated results are seen faster.
>When you trade a future, you are trading something that has a value that
>can be readily defined (buy 125000 German DMarks at X US Dollars. When you
>buy a stock, you do not really own an asset that has a given value.
>Example, you may buy 100 shares of Xon for $70.00 per share, and that
>entitles you to have a certificate with a par value of perhaps .10. If
>some analyst decides to downgrade Xon, your shares purchased will lose
>value, not because Xon is less of a company, but some analyst expresses his
>beliefs based on "whatever". Also futures respond to TA more positively,
>again, because you have a defined value. If you owned 1000 shares of GM,
>what part do you really own? GM does not benefit from your buying of 1000
>shares, some trader/specialist will reap the profit/loss (Unless it is a
>new offering)
>
>I write this to you because of the quality of your posts, and I was exactly
>where you are on futures until about 5 years ago. A good learning site is
>http://www.cme.com.
>++++++++++
>>
>> Do you find some systems work better on futures that equities? I'm
>> comming to believe that there is no one system that will work on
>> everything but I need to tailor my systems for different industry
>> groups and different individual equities.
>+++++++++++
>IMHO, you are exactly correct.
>++++++++++++
>This is hard to accomplish
>> without curve fitting but I'm finding that stocks do have their
>> individual personalities and respond better to some indicators than
>> others.
>+++++++++++=
>
>Al Taglavore
>>
>
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