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Doc sez:
"Remember, you can trade from anywhere in the world and if you're good at
it, you can trade from your yacht anywhere in the world."
Steve sez:
In the early eighties, I tried trading from Aspen. I found the local
"wildlife" a bit distracting and I could never get my yacht up the Roaring
Fork River.
I started reading Edwards and Magee in the '70's, I rely heavily on
candlestick patterns and, god forbid, I apply a few mechanical trading
systems to the markets. Maybe you're not reading Guy's track record
correctly, but I've always been under the impression the Mr. Tann averages
75% winners. Does "securtiy traders" recommendations do as well?
It's important to remember that there are many credible approaches to the
market. Somehow, I'm never comfortable when people I don't know say "trust
me".
Steve Karnish
CCT
Doc sez:
"Managing money is no more than learning to read patterns and setting
your entry and exit points in the right spot. "
I hope you're joking!
----------
> From: Docteur <docteur@xxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: AOL, CSCO, & WMT
> Date: Tuesday, February 23, 1999 8:17 PM
>
> Hi Guy,
>
> Don't get me wrong here but probabilities are for gamblers. If you
> would learn candlestick patterns and technical analysis per those two
> books I recommended you study, you could learn to trade profitably every
> day.
>
> Managing money is no more than learning to read patterns and setting
> your entry and exit points in the right spot. I buy bottoms and sell
> tops all the time. My mentor does it almost 100% of the time.
> Impossible? Nope. Gospel truth.
>
> Program trading is a waste of time. Keep going double or nothing and
> pretty soon it'll be nothing.
>
> You said you have the knack for picking the absolute wrong time to
> increase your positions. Well, so do most other people! But that's
> when those of us who know what we are doing short or put that stock you
> are buying (or vice versa).
>
> Again, it's not rocket science. Just tried and true patterns that have
> been working for centuries. Japanese candlesticks have been successful
> for more than 250 years!
>
> Guy, the truth never changes. It just is. What works then, works now
> because it's based on human psychology and crowd behavior. And we both
> know those never change. Just learn the patterns. Again the best place
> to start is www.securitytrader.com and those two books I recommended.
>
> The head trader at Securitytrader, Ryan Thomas, is nothing short of a
> trading genius. He grabs tops and bottoms with so much regularity you'd
> think he was psychic. He has taught me SO much in the last six months I
> can't even begin to tell you about it.
>
> I used to be like you. Selling bottoms and buying tops and then I got
> really angry about that and set out to find a way to make money everyday
> in the market. I knew there were people out there doing that and I was
> going to find them, hell or high water. And I did. They're at
> Securitytrader.
>
> Trust me on this. I earned 2600% on my account in November and 1200% in
> January (I took December off). I'm not trading this month so I can just
> focus on reviewing what I've learned to date and hone my skill even
> more.
> I know I can make money anytime I want, up or down because I don't have
> a system, I have what works.
>
> Listen, I'm an educated man and have made millions in other businesses.
> This stuff works. Don't take my word for it, go to the website listed
> above and just watch their picks for a week (that's thelength of a free
> trial). You'll be amazed at how often we take profits!
>
> I'm not an owner of the website but a paying member. But Ryan and his
> partner have taught me so much I could never repay them. So I tell
> everyone I can to check it out.
>
> I gotta go eat now. You're about the 100th e-mail I have answered
> today.
> Go for excellence and quit wasting your time with bullshit timing and
> probability programs. What we do works! Prove it to yourself.
>
> And remember, the truth will set you free...free to work when you want
> and how you want as often as you want. Remember, you can trade from
> anywhere in the world and if you're good at it, you can trade from your
> yacht anywhere in the world.
>
> Continued success.
>
> Bye,
>
> Doc
>
> Now darn it, check out what I'm saying and quit wasting your time with
> probabilities. I mean are you a trader or a speculator/gambler?
>
> Doc
>
>
>
> Guy Tann wrote:
> >
> > Doc
> >
> > Our trading methodology is a little different. We play probabilities
and
> > try to stay in the market all the time. Either long or short the S&Ps.
> >
> > We have a 75% rate of profitable trades and generally do fairly well.
What
> > happens is that we start to feel omnipotent after making several
successful
> > trades in a row, and we start to double up on our positions as soon as
we
> > could afford them. ALWAYS bites us in the rear. :) We seem to have
the
> > knack for picking the absolute wrong time to increase our positions.
I'm
> > going to start spending a lot more time studying the money management
using
> > our trading techniques.
> >
> > Guy
> >
> > -----Original Message-----
> > From: owner-metastock@xxxxxxxxxxxxx
> > [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Docteur
> > Sent: Tuesday, February 23, 1999 7:55 AM
> > To: metastock@xxxxxxxxxxxxx
> > Subject: Re: AOL, CSCO, & WMT
> >
> > Hi Guy,
> >
> > Yes, the hardest part of trading is money management. With enough
> > effort anyone can learn to read patterns and trends but it's the
> > disipline and the managing of those trades (take small losses, keep to
> > your plan, set those stops {both profit and loss} that's the real part
> > of trading.
> >
> > Doc
> >
> > Guy Tann wrote:
> > >
> > > Doc
> > >
> > > I'm trying to just make the trades and not do the stupid things I
usually
> > > do, like doubling the size of our investments as we make more and
money.
> > I
> > > really need to work on money management. The system will take care
of
> > > itself.
> > >
> > > Guy
> > >
> > > -----Original Message-----
> > > From: owner-metastock@xxxxxxxxxxxxx
> > > [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Docteur
> > > Sent: Monday, February 22, 1999 8:18 PM
> > > To: metastock@xxxxxxxxxxxxx
> > > Subject: Re: AOL, CSCO, & WMT
> > >
> > > Guy,
> > >
> > > The trick is not to be a bear or a bull but to ride the horse in the
> > > direction it's going.
> > >
> > > Ride the trend my friend and make money both ways.
> > >
> > > It's not wise to "be" something when that something isn't profitable.
> > >
> > > Proverbial is for philosophers, not traders...
> > >
> > > Doc
> > >
> > > Guy Tann wrote:
> > > >
> > > > Congrats
> > > >
> > > > Being the proverbial bear, I'm constantly amazed when my longs
> > > > continue to make money at these levels. Can't quite believe the
move
> > > > today, but it's better than a sharp stick in the eye. :)
> > > >
> > > > Guy
> > > >
> > > > -----Original Message-----
> > > > From: owner-metastock@xxxxxxxxxxxxx
> > > > [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Jim Greening
> > > > Sent: Monday, February 22, 1999 7:49 PM
> > > > To: Metastock
> > > > Subject: AOL, CSCO, & WMT
> > > >
> > > > All,
> > > > Not a bad day <G>. I wasn't surprised when my buy stop for
CSCO
> > > > was hit at 98 5/8, but I was definitely surprised when my buy stop
on
> > > > AOL was hit at 165 1/8. That was 5 points above Friday's close so
I
> > > > didn't even send the AOL chart out Saturday. Then it went on and
> > > > gained another 8 points after it hit my buy stop. Talk about
> > > > momentum!
> > > > HD didn't hit my buy stop, but WMT barely closed at a new all
> > > > time high. Therefore, I'm going to cancel my GTC buy stop on HD
and
> > > > buy WMT in the morning instead.
> > > >
> > > > JimG
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