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Doc,
Enough! Stop soliciting a commercial site in all your emails. We get the
picture. Wow, they draw candlestick charts. Wow, they talk about technical
patterns just like in Edwards and Magee. Wow, after seven days you pay for
exactly the same thing most of us draw everyday. Some of us (Jim G &
others) even post charts for free (what a concept). I'm all dying to hear
your war stories. As soon as I get done being so giddy about these new
technical revelations (bar chart analysis and candlesticks), I'd love to
digest the "blow by blow" description of your 2800% month.
Can't wait to hear your theory on money management.
Respectfully (kinda),
Steve Karnish
CCT
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> From: Docteur <docteur@xxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: AOL, CSCO, & WMT
> Date: Wednesday, February 24, 1999 3:30 PM
>
> Hi Guy,
>
> "Technical Analysis of Stock Trends" by Edwards and Magee (7th Edition
> only) and "Candlestick Charting Explained" by Morris.
>
> Best place to get thses books is www.barnesandnoble.com. Faster,
> cheaper and better service by a long shot from their competitors.
>
> Also, spend some time at www.securitytrader.com
>
> Doc
>
>
> Guy Tann wrote:
> >
> > Doc
> >
> > What 2 books? I must have missed that post.
> >
> > Guy
> >
> > -----Original Message-----
> > From: owner-metastock@xxxxxxxxxxxxx
> > [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Docteur
> > Sent: Tuesday, February 23, 1999 8:18 PM
> > To: metastock@xxxxxxxxxxxxx
> > Subject: Re: AOL, CSCO, & WMT
> >
> > 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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