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<DIV><FONT color=#000000>I would appreciate comments from anyone using Metastock
Pro and Signal Online data, especially if you're using Level II and <FONT
color=#000000>daytrading </FONT>off the data. </FONT></DIV>
<DIV><FONT color=#000000></FONT> </DIV>
<DIV>I am considering upgrading to MS Pro, but am concerned that Signal data may
lag, making Level II quotes untradeable. Unfortunately I live on the south
face of a mountain, making satellite feed impossible.</DIV>
<DIV> </DIV>
<DIV>I really appreciate your time and input!</DIV>
<DIV> </DIV></DIV>
<DIV><FONT color=#000000>Linda Swope<BR>Swope's Mountain
Photography</FONT> </DIV>
<DIV><FONT color=#000000>**Climb the mountains & get their good tidings;
Peace will flow into you as sunshine into flower; the winds will
blow their freshness into you & storms their energy, & cares will
drop off like autumn leaves. John Muir**</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Mon Nov 16 19:58:27 1998
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Message-ID: <005701be11bb$d625a360$d8672599@xxxx>
From: "Jim Greening" <JimGinVA@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: Stock Trading Building Blocks
Date: Mon, 16 Nov 1998 18:35:07 -0500
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Guy,
I don't know if I know much either, but I'll be glad to tell you
what I think <G>. I intend to go into each of the building blocks in
some detail as I get time to do it.
JimG
-----Original Message-----
From: Guy Tann <grtann@xxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Monday, November 16, 1998 2:06 AM
Subject: RE: Stock Trading Building Blocks
>Jim
>
>Anything I can learn will be beneficial. Since I know almost nothing
about
>equities, I'm always looking for ways to broaden my knowledge base.
>
>Regards
>
>Guy
>
>
>> -----Original Message-----
>> From: owner-metastock@xxxxxxxxxxxxx
>> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Jim Greening
>> Sent: Saturday, November 14, 1998 4:26 PM
>> To: Metastock
>> Subject: Stock Trading Building Blocks
>>
>>
>> All,
>> This may be slightly out of scope in that it is a larger topic
>> than just MetaStock charting and testing, although that's
definitely a
>> good part of it. I thought it would be interesting to share our
ideas
>> on the building blocks or elements of a complete stock trading
>> methodology.
>>
>> I have tried to build my own trading system on what I think is
a
>> logical set of building blocks. The elements of my trading system
>> follow:
>> 1. A systematic method of narrowing the universe of stocks to a
few
>> potential trading candidates that have certain characteristics that
>> have resulted in successful trades in the past. My searches or
>> filters use a combination of fundamental and technical criteria.
>> 2. A market tracking mechanism that indicates when it is OK to
enter
>> a position and whether that position should be long or short. I
use
>> trend channels for this.
>> 3. Tests and a methodology for making the final stock selection
for
>> new positions.
>> 4. A money management system that limits overall portfolio risk on
>> each new position and tells how large each position should be. I
>> won't risk more than 5% (usually 2 to 3%) of my portfolio on any
one
>> position.
>> 5. A method for setting stops and targets although targets are not
>> always required. Stops should be based on Technical Analysis
rather
>> than an arbitrary percentage or point move. Stop placement tied
back
>> to money management can affect position size. Again, I use trend
>> channels for this.
>> 6. An exit strategy. Mine is simple, exit when a target or stop
is
>> hit.
>>
>> Does anyone have any comments on the above building blocks?
Any
>> to add? Do you disagree with any? Is anyone interested into going
>> into details on each of the building blocks?
>>
>> JimG
>>
>>
>>
>>
>>
>>
>
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