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Steve,
Funny, I don't trust people who don't trust people. Your sarcasm
offended me. Maybe you should learn to trust more and lose your
attitude in the process.
Secondly, 75% winners and 25% losers can add up to a big losses. I have
a far better ratio as far as the winner to losers but that means nothing
to me. What matters is that my winners are huge and my losers are
insignificant.
If Guy continues to double up he will eventually lose and it doesn't
matter one hoot if he has a 99% winning track record. That 1% loser can
wipe him out. Win/lose ratio means absolutely nothing. What matters is
what's your return on capital at the end of the year? That's all I care
about. And if you can show me a "system" that can give me a better
return than what I can make by reading the market as it unfolds, then
I'm full of it and you can keep your distrust and your attitude.
Steve, I know guys who make millions and their track record is 90%
losers and 10% winners! But those losses are real small and the winners
are huge. Statistics are BS. Just show me your bottom line. If it's
better than mine, I'll do what you're doing. But until that happens,
what I do is outperforming any system out there.
BTW Steve, when I talk about money I never joke. And managing money is
NOTHING MORE than proper entry and exit points because if you buy low
and sell high everytime, you are managing your money to the highest
degree possible. Candlesticks and Trading Patterns (when learned
properly) help you to do that.
I don't care if there are a thousand "credible" mechanical trading
"systems" available. The market is not mechanical. It is a live and
fluid entity made up of millions of people. It runs on two emotions:
ffear and greed. If I can master my emotions and simply read the
market, I'll win everytime. I just want to do what works and works
best. Human insight, experience and trading sense will outperform a
mechanical
system anytime, hands down. Mechanical systems are a waste of my time.
I'll put securitytraders' record up against any out there and I
guarantee you it would blow them away. Why not test it for yourself?
Don't take my word for it (as I know you don't trust me or anyone you
don't "know").
Use the site for a week and see for yourself. I think you will be more
than surprised.
So Steve, start "trusting" the winners, guys like me who can earn 2600%
in one month (trading options) and continue to earn 3 figure returns
monthly with regularity. Lose the skeptical attitude for a week or so
and maybe a whole new world of trading will open up to you. Try
trusting someone you don't know for a change. It makes life far more
interesting and full. I have nothing to gain by sharing this
information with you except the satisfaction of knowing that I may have
turned just one person away from what doesn't work towards what does.
Listen Steve, I trust everyone because I trust myself. I am ultimately
responsible for those I deal with because it is I who put myself in
whatever situation I am in. Did you get that? I trusted securitytrader
from the get go because I am the one who found them. They didn't find
me. And guess what? I was right. They are defintely worthy of my
trust. And guess what else? You found me, I didn't find you. So
ultimately Steve, you need to trust yourself and you'll find that in
doing that, it's easy to trust others.
I'll leave you with a couple questions: Did Edwards or Magee use
mechanical trading systems? Did one of the wealthiest men in Japan at
the time who used candlesticks to trade rice have a mechanical trading
system. Do I have a mechanical trading system?
Do what works and works best. The rest is just a waste of time and so
much techno babble.
Doc
Steve Karnish wrote:
>
> 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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