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Re: Couldn't Resist



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<DIV><FONT color=#000000 size=2>Bill,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp; 
First of all, WMT isn't at the top of its channel, it's at mid-channel.&nbsp; 
However, that's not the answer to your question.&nbsp; The answer to your 
question is that I have two different formations I look at to enter a new 
position.&nbsp; The one I use the most for a long position is a bounce off the 
bottom of a channel that you mentioned because that's the safest since I can set 
a close stop.&nbsp; However, another very profitable, albeit more risky, 
formation when the market is running is a breakout.&nbsp; Either a breakout to 
an all time new high as the case with WMT or a breakout of a Short Term Down 
Trend as was the case with Microsoft.&nbsp; By the way, a big position for me is 
double my normal position.&nbsp; A small position is 1/2 my normal 
position.&nbsp; The reason for the big position is that MicroSoft is my all time 
favorite.&nbsp; If I was forced to buy one, and only one, stock it would be 
MicroSoft.&nbsp; I've done extremely well in it in the past and I think the 
price has been held down artificially by the antitrust trial.&nbsp; When the 
trial is over, even if they break Microsoft up, the investors will be well 
rewarded.&nbsp; I've just been waiting for a good re-entry point and I think 
this was it.&nbsp; Of course I've been wrong before and could .... 
&lt;G&gt;.</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>JimG&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></DIV>
<BLOCKQUOTE 
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>Bill Bolumen &lt;<A 
    href="mailto:BOLUMENB@xxxxxxxxxxx";>BOLUMENB@xxxxxxxxxxx</A>&gt;<BR><B>To: 
    </B>metastock@xxxxxxxxxxxxx 
    &lt;<A 
    href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
    </B>Tuesday, February 23, 1999 4:39 PM<BR><B>Subject: </B>RE: Couldn't 
    Resist<BR><BR></DIV></FONT>
    <DIV><SPAN class=180261500-24021999><FONT color=#0000ff face=Arial 
    size=2>Hi, Jim,</FONT></SPAN></DIV>
    <DIV><SPAN class=180261500-24021999><FONT color=#0000ff face=Arial 
    size=2>Why did you buy WMT when it is on top of the channel?&nbsp; Were you 
    not always buying at the bottom of the channel and putting a stop just below 
    this.&nbsp; I am sure there is a perfectly logical reason and that I missed 
    it.</FONT></SPAN></DIV>
    <DIV><SPAN class=180261500-24021999><FONT color=#0000ff face=Arial 
    size=2>Also, what led you to buy MSFT after it gapped up this morning?&nbsp; 
    Just the fact that it gapped up? </FONT></SPAN></DIV>
    <DIV><SPAN class=180261500-24021999><FONT color=#0000ff face=Arial 
    size=2>Could you explain your logic to put so much money unto one 
    stock?</FONT></SPAN></DIV>
    <DIV><SPAN class=180261500-24021999><FONT color=#0000ff face=Arial 
    size=2>Always trying to learn.</FONT></SPAN></DIV>
    <DIV><SPAN class=180261500-24021999><FONT color=#0000ff face=Arial 
    size=2>Thanks,</FONT></SPAN></DIV>
    <DIV><SPAN class=180261500-24021999><FONT color=#0000ff face=Arial 
    size=2>Bill</FONT></SPAN></DIV>
    <BLOCKQUOTE style="MARGIN-RIGHT: 0px" dir = ltr>
        <DIV align=left class=OutlookMessageHeader dir = ltr><FONT face=Tahoma 
        size=2>-----Original Message-----<BR><B>From:</B> <A 
        href="mailto:owner-metastock@xxxxxxxxxxxxx";>owner-metastock@xxxxxxxxxxxxx</A> 
        [<A 
        href="mailto:owner-metastock@xxxxxxxxxxxxx";>mailto:owner-metastock@xxxxxxxxxxxxx</A>]<B>On 
        Behalf Of </B>Jim Greening<BR><B>Sent:</B> Tuesday, February 23, 1999 
        9:16 PM<BR><B>To:</B> Metastock<BR><B>Subject:</B> Couldn't 
        Resist<BR><BR></FONT></DIV>
        <DIV><FONT color=#000000 size=2>All,</FONT></DIV>
        <DIV><FONT color=#000000 size=2>&nbsp;&nbsp;&nbsp;&nbsp; I opened my WMT 
        position shortly after the open.&nbsp; Then later in the morning when 
        the DJI was up strong I decided to sell the REITS which I was using for 
        a cash equivalent and opened a large MSFT position at 153 13/16.&nbsp; 
        That puts me almost 100% invested again with only enough cash left for 
        one more small position. Hope that doesn't mean we are near another top 
        &lt;G&gt;.</FONT></DIV>
        <DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
        <DIV><FONT color=#000000 
size=2>JimG</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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From: "Jim Greening" <JimGinVA@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: AOL, CSCO, & WMT
Date: Wed, 24 Feb 1999 19:02:41 -0800
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<DIV><FONT color=#000000 size=2>Guy,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp; 
Today didn't look good, but here's hoping it was just a needed pullback to let 
the market catch its breath.</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>JimG</FONT></DIV>
<BLOCKQUOTE 
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>Guy Tann &lt;<A 
    href="mailto:grt@xxxxxxxxxxxx";>grt@xxxxxxxxxxxx</A>&gt;<BR><B>To: </B><A 
    href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A> &lt;<A 
    href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
    </B>Tuesday, February 23, 1999 5:56 PM<BR><B>Subject: </B>RE: AOL, CSCO, 
    &amp; WMT<BR><BR></DIV></FONT>
    <DIV><SPAN class=920432201-24021999><FONT color=#0000ff face=Arial 
    size=2>Jim</FONT></SPAN></DIV>
    <DIV><SPAN class=920432201-24021999><FONT color=#0000ff face=Arial 
    size=2></FONT></SPAN>&nbsp;</DIV>
    <DIV><SPAN class=920432201-24021999><FONT color=#0000ff face=Arial 
    size=2>That's what I like about your system.&nbsp; Makes a lot more sense 
    than ours, IMHO.&nbsp; You have price targets and stops which effectively 
    manage your trade for you.&nbsp; OTOH, our system just calls the next turn 
    in the market, either up or down, and we play the probability that we're 
    right 75% of the time in calling the trade correctly.&nbsp; We have no idea 
    where we're going ;) or where we'll end up.&nbsp; By adding some of your 
    approach, we might be able to exit certain trades earlier with more 
    profit.</FONT></SPAN></DIV>
    <DIV>&nbsp;</DIV>
    <DIV><SPAN class=920432201-24021999><FONT color=#0000ff face=Arial 
    size=2>Good luck with your positions.&nbsp; We're still long the S&amp;Ps at 
    1244.&nbsp; Maybe we'll see new highs everywhere before the next turn.&nbsp; 
    Our intermediate signal has been bullish since 10/1/98 (S&amp;Ps 
    @994).&nbsp; Even for our system, that's a long time.&nbsp; Almost like long 
    term capital gains.&nbsp; :)</FONT></SPAN></DIV>
    <DIV><SPAN class=920432201-24021999><FONT color=#0000ff face=Arial 
    size=2></FONT></SPAN>&nbsp;</DIV>
    <DIV><SPAN class=920432201-24021999><FONT color=#0000ff face=Arial 
    size=2>Regards</FONT></SPAN></DIV>
    <DIV><SPAN class=920432201-24021999><FONT color=#0000ff face=Arial 
    size=2></FONT></SPAN>&nbsp;</DIV>
    <DIV><SPAN class=920432201-24021999><FONT color=#0000ff face=Arial 
    size=2>Guy</FONT></SPAN></DIV>
    <DIV><SPAN class=920432201-24021999><FONT color=#0000ff face=Arial 
    size=2></FONT></SPAN>&nbsp;</DIV>
    <DIV class=OutlookMessageHeader><FONT face="Times New Roman" 
    size=2>-----Original Message-----<BR><B>From:</B> 
    owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]<B>On 
    Behalf Of</B> Jim Greening<BR><B>Sent:</B> Tuesday, February 23, 1999 6:03 
    PM<BR><B>To:</B> metastock@xxxxxxxxxxxxx<BR><B>Subject:</B> Re: AOL, CSCO, 
    &amp; WMT<BR><BR></FONT></DIV>
    <DIV><FONT color=#000000 size=2>Guy,</FONT></DIV>
    <DIV><FONT color=#000000 size=2></FONT><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp; 
    You can say that again!&nbsp; I'm amazed at these price levels, but I'll 
    just follow the trend and hope my stops get me out in time 
    &lt;G&gt;.</FONT></DIV>
    <DIV><FONT size=2></FONT>&nbsp;</DIV>
    <DIV><FONT size=2>JimG</FONT></DIV>
    <BLOCKQUOTE 
    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>Guy Tann &lt;<A 
        href="mailto:grt@xxxxxxxxxxxx";>grt@xxxxxxxxxxxx</A>&gt;<BR><B>To: </B><A 
        href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A> &lt;<A 
        href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
        </B>Monday, February 22, 1999 6:20 PM<BR><B>Subject: </B>RE: AOL, CSCO, 
        &amp; WMT<BR><BR></DIV></FONT>
        <DIV><SPAN class=320575801-23021999><FONT color=#0000ff face=Arial 
        size=2>Congrats</FONT></SPAN></DIV>
        <DIV><SPAN class=320575801-23021999><FONT color=#0000ff face=Arial 
        size=2></FONT></SPAN>&nbsp;</DIV>
        <DIV><SPAN class=320575801-23021999><FONT color=#0000ff face=Arial 
        size=2>Being the proverbial bear, I'm constantly amazed when my longs 
        continue to make money at these levels.&nbsp; Can't quite believe the 
        move today, but it's better than a sharp stick in the eye. 
        :)</FONT></SPAN></DIV>
        <DIV><SPAN class=320575801-23021999><FONT color=#0000ff face=Arial 
        size=2></FONT></SPAN>&nbsp;</DIV>
        <DIV><SPAN class=320575801-23021999><FONT color=#0000ff face=Arial 
        size=2>Guy</FONT></SPAN></DIV>
        <DIV><SPAN class=320575801-23021999><FONT color=#0000ff face=Arial 
        size=2></FONT></SPAN>&nbsp;</DIV>
        <DIV class=OutlookMessageHeader><FONT face="Times New Roman" 
        size=2>-----Original Message-----<BR><B>From:</B> 
        owner-metastock@xxxxxxxxxxxxx 
        [mailto:owner-metastock@xxxxxxxxxxxxx]<B>On Behalf Of</B> Jim 
        Greening<BR><B>Sent:</B> Monday, February 22, 1999 7:49 PM<BR><B>To:</B> 
        Metastock<BR><B>Subject:</B> AOL, CSCO, &amp; WMT<BR><BR></FONT></DIV>
        <DIV><FONT color=#000000 size=2>All,</FONT></DIV>
        <DIV><FONT color=#000000 size=2>&nbsp;&nbsp;&nbsp;&nbsp; Not a bad day 
        &lt;G&gt;.&nbsp; 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.&nbsp; That was 5 points above Friday's close so I didn't 
        even send the AOL chart out Saturday.&nbsp; Then it went on and gained 
        another 8 points after it hit my buy stop.&nbsp; Talk about 
        momentum!&nbsp; </FONT></DIV>
        <DIV><FONT color=#000000 size=2>&nbsp;&nbsp;&nbsp;&nbsp; HD didn't hit 
        my buy stop, but WMT barely closed at a new all time high.&nbsp; 
        Therefore, I'm going to cancel my GTC buy stop on HD and buy WMT in the 
        morning instead.&nbsp;&nbsp;</FONT></DIV>
        <DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
        <DIV><FONT color=#000000 size=2>JimG&nbsp; 
</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Wed Feb 24 21:02:48 1999
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Date: Wed, 24 Feb 1999 19:03:10 -0800
From: Docteur <docteur@xxxxxxxxxx>
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Gee Steve, 

I guess the feeling is mutual.  

You teach at two major universites, so what?   

Like Mark Twain said: 

"What's the good in knowing so much if what you know, isn't so."

What you teach may be useful to others.  Certainly not for me.  

When you can better my track record, I'll listen to you.  Until then
let's quit wasting each others time, OK?

Doc


Steve Karnish wrote:
> 
> Doc,
> 
> People like you are dangerous.  I teach "classic" Edwards and Magee bar
> chart analysis and candlestick charting at two major universities.  Your
> posts offend me.
> 
> Steve Karnish
> CCT
> 
> ----------
> > From: Docteur <docteur@xxxxxxxxxx>
> > To: metastock@xxxxxxxxxxxxx
> > Subject: Re: AOL, CSCO, & WMT
> > Date: Wednesday, February 24, 1999 3:25 PM
> >
> > 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