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<DIV><FONT size=2>Harley, most of us have experienced what you are going through
now...take Rick's and the other members advice that has been posted. My
two cents - - what turned my trading around 100% was staying on the right side
of the market and I have found the Intermediate Term Breadth Momentum Indicator
to always keep me out of trouble. I would recommend Harley that you really
consider going short/long when that indicator is rising/falling. That
indicator portends the overall health of the market. </FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Best of trading to you and the other members.</FONT></DIV>
<DIV><FONT size=2>Tom</FONT></DIV>
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style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>metastock@xxxxxxxxxxxxx
<<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR><B>To:
</B>Tuva1 <Tuva1><BR><B>Date: </B>Saturday, November 07, 1998 2:14
AM<BR><B>Subject: </B>Re: NWAC, KEA and
AMAT<BR><BR></DIV></FONT>-----Original Message-----<BR>From: William F.
Nakielski <<A
href="mailto:frt1000@xxxxxxxxxx";>frt1000@xxxxxxxxxx</A>><BR>To: <A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A> <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR>Date:
Saturday, November 07, 1998 10:24 AM<BR>Subject: Re: NWAC, KEA and
AMAT<BR><BR><BR>Couldn't agree more. I believe it took a lot of
courage for Harley to publish that piece. How many of us would be
willing to admit to mistakes like that. I for one hope his account
turns around very soon. I can truthfully say "Been there, Done
that". Only thing is at the time I didn't have the guts to admit
it
publicly.<BR><BR>---------------------------------------------<BR><BR>Courage?
Admit a mistake? That's not the way I read it! <BR><BR>Instead of dealing
with his setback pro-actively he's decided to hide from it by playing Mr.
Mom. He whines he can't do anything because he doesn't have any buying
power. Ridiculous! Trading courage is taking the loss when the market has
proven you wrong. If he could only admit that, then he'd bring in his
shorts, get his buying power back, learn from his mistakes, put the loss
behind him, and move on to the next trade. <BR><BR>Unfortunatley, Harley
still thinks he's right despite having his head handed to him daily for
almost a month now. Worse, he still would like to short more though we are
heading into what are traditionally the strongest months of the year for the
market. "If only he could get a correction," he moans........Sorry
Harley, but we just rotated out of a big one. Next one ain't due untill next
summer. Hubris in the midst of failure is a stupid and expensive loser's
habit. It's a characteristic of the "rogue trader" that has
destroyed great firms, caused financial panics, and cost otherwise
intelligent people their careers. <BR><BR>Only a few weeks ago Harley was
waxing on about "booking profits" of 3/8ths of a point on 100
share trades. Even speculated that trading could be his life's calling. So
here was pulling the trigger as fast as he could to "book profits"
on tinies yet now he's willing to take 6 point losses. Letting even 1 bad
trade wreck months of acculated profits is stupid and inexcusable. Harley
has 3. To freeze and do nothing while the losses mount..........sorry, he
needs people to slap him, not to commiserate. I wonder if his wife even
knows?<BR><BR>Unlike Jim Green's [I'm calling him "the Swami" now.
C'mon, I mean Iomega, how'd he know?] trading posts, the only thing of
value a trading beginner can take away from Harley's post's ON HIS TRADING
is how a complete lack of a sound trading strategy and money management plan
can lead to disaster. He may be a beginner too, but the info and advise
available to him over the last year in this forum should have him much
further along the learning curve than he demonstrates in his
posts.<BR><BR>As one who's managed to survive 12 years and even make nice
living at this, I felt the pathetic tone of his last post alarming. I've
heard the same words from many others who have ended up needlessly
destroying their families financial well-being. My intention is to be harsh
and humiliate him into taking action before it is too late. My words spring
from heartfelt concern, not meanspirited-ness. <BR><BR>So Harley, please,
please get out of the market, get your thinking straight, decide if trading
is reeealllly what you want, then put in the effort to formulate sound,
backtested trading and money management strategies consistent with your
account size. More importantly and much harder to do, you need to develop
the trading habits of a winner, not a loser.<BR><BR>Good
luck,<BR>Rick<BR>Tokyo, Japan<BR><BR><BR><BR></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Sat Nov 07 07:52:12 1998
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Date: Sat, 07 Nov 1998 02:55:04 -0800
From: Daniel Martinez <DanM@xxxxxxxx>
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To: metastock@xxxxxxxxxxxxx, Quotes-Plus <gary@xxxxxxxxxxxxxxx>
CC: Bijan Khezri <bij3peat@xxxxxxxxxxxxx>,
"Sean W. Smith" <sean_smith@xxxxxxxxxxxxxx>
Subject: Quotes-Plus Open, High, Low Data
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Gary,
Maybe I'm showing my ignorance here, but I don't understand what Bijan and
Sean mean by "theoretical" data. The DOW doesn't have a theoretical open,
high, or low. The OHL can only be what happened in the DOW on that day. I
record the end-of-day market reports on my VCR and their figures don't
compare correctly to Quotes-Plus. Why aren't these figures reported
correctly by Quotes-Plus? Does this mean most of the data I download from
QP2 are incorrect?
Daniel.
Bijan Khezri wrote:
> Daniel,In the so called "theoretical data", which I personally find a
> bunch of useless horse manure unless someone else proves me wrong, the
> only portion that is "true" is the Close. Otherwise the Open High, and
> Low are calculated by magicians and have no bearing whatsoever with
> reality. You can calculate data based on the close, but your trendIines
> have no bearing with reality. I hope Gary Lyben reads this post and
> relieves us from this very serious pain in the behind very, very soon.
> Bijan
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