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"In My Humble Opinion"
Hans T. Hingst wrote:
> 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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