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Cute fletch.
You know what you can kiss too...
fletch wrote:
>
> Docteur
>
> give " it " a rest ! !
>
> but then again - "You know Docteur...The farther a monkey crawls up a tree
> ...the more of his ass, you
> can see" " !
>
> fletch
>
> ----- Original Message -----
> From: Docteur <docteur@xxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Wednesday, February 24, 1999 10:03 PM
> Subject: Re: AOL, CSCO, & WMT
>
> >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
> >
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