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I live in S Calif - do you do any lessons by email?
Bob Bennett
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
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