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Bob:
Your email addres is very appropriate considering the thread. We need a
bit of humor here.
Steve:
I am interested too.
Lionel
-----Original Message-----
From: {USER_FIRSTNAME} {USER_LASTNAME} <robertbennet@xxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Wednesday, February 24, 1999 10:13 PM
Subject: Re: AOL, CSCO, & WMT
>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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