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AMEN to that !
David Walton wrote:
> Hey "Doc",
>
> ...you said "I posted proof of trades." Uh, no, no you didn't. Actually, you wrote this:
>
> On Friday last you could have bought the AOL 160 February option call
> contract for 1/16 during the first hour of trading. A couple three
> hours later that same contract was trading at 1 9/16 (check it out if
> you don't believe me). One hundred contracts would have cost you
> $ 625 and returned you $ 15,000. One thousand contracts would have cost
> you $ 6,250 and returned you $ 150,000. There's your 2400% for that
> month in less than three hours.
>
> You actually posted a POSSIBLE scenario where a person MIGHT have made a butt load of money.
> But you didn't say that YOU did this and you CERTAINLY did not post anything CLOSE to "proof of trades"
> as you assert.
>
> I am going to assume you are well intentioned and not trying to raise business for this not-so-reputable web site.
> (I say that because it is most DEFINITELY NOT reasonable to take someones credit card number for a "FREE" trial.
> As a matter of fact I think it smacks of fraud and might be enough to attract legal scrutiny. anyway...) Assuming you
> are a good guy may I point out that trading as you do IS VERY RISKY and that 2 months of trading that way IN NO WAY
> PROVES ANYTHING, except that you most certainly have been LUCKY. Maybe you ARE on to something, TIME WILL
> BE THE JUDGE. I strongly urge you (a good guy) to tone down; you might be due for a few bad trades next, like we ALL
> hit from time to time. Will you come back to this list telling us of your losers then?
>
> Guy Tann and JimG and Steve Karnish and Richard Estes (where did he go folks?) have EARNED RESPECT on this list.
> You can't get where you want to go (sharing and helping others) by making posts in the manner you have done so far
> (I think I counted fifteen (15) posts from you so far). You want to be credible on this list with your ideas?
>
> POST YOUR TRADING STATEMENT.
>
> ----------
> From: Docteur[SMTP:docteur@xxxxxxxxxx]
> Reply To: metastock@xxxxxxxxxxxxx
> Sent: Wednesday, February 24, 1999 9:22 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: AOL, CSCO, & WMT
>
> Steve,
>
> See yah.
>
> Got no time for people like you. Too many courteous, gentle and sincere
> people out there willing to learn.
>
> BTW, I wouldn't be caught dead using a bar chart. They tell me nothing.
> They are worse than useless.
>
> You just keep doing what you are doing. What the heck do you need me
> for You're satisfied, right?
>
> If you ever change your mind and want to look at an alternative way of
> doing things, look me up. Until then, keep your sarcasm to yourself.
>
> I posted proof of trades. But for people like you it will never be
> enough. Because you know it all already...
>
> Doc
>
> Doc
>
> Steve Karnish wrote:
> >
> > 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
> > ----------
> > > 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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