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<DIV><FONT size=2>Run the <STRONG>"Convert" </STRONG>Tool:</FONT></DIV>
<DIV><FONT size=2>-click "Tools|Convert" on the WorkMenu or click the
<STRONG>"Convert"</STRONG>-button on the button bar</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Basicaly in "<STRONG>Convert</STRONG>":</FONT></DIV>
<DIV><FONT size=2>-type for the <STRONG>Destination Folder
</STRONG>your MAIN folders' address (drive+path)</FONT></DIV>
<DIV><FONT size=2>-leave the <STRONG>Destination File </STRONG>blanc (for
Metastock as <STRONG>File Type </STRONG>this field is always Not Active, eg
greyed out)</FONT></DIV>
<DIV><FONT size=2>-click "Convert|Options" to go to the "</FONT><FONT
size=2><STRONG>Conversion Options</STRONG>" Dialog Window</FONT></DIV>
<DIV><FONT size=2>-then </FONT><FONT size=2>on the
<STRONG>Destination</STRONG>-TAB:</FONT></DIV>
<DIV><FONT size=2> 1. if the
destination files <STRONG>already excist</STRONG>:</FONT></DIV>
<DIV><FONT
size=2>
-Apply the Option for "Traverse Destination Folder"</FONT></DIV>
<DIV><FONT size=2> 2. if the
destination files <STRONG>do not already excist</STRONG>:</FONT></DIV>
<DIV><FONT
size=2>
-Apply the Option to "Create New Files"</FONT></DIV>
<DIV><FONT
size=2>
-Apply the Option for "Traverse Destination Folder"</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Note that for the sub-folders, the names "A" to "Z" are not
the required names, eg the folders' names can be set to anything</FONT></DIV>
<DIV><FONT size=2>as easy as "folder1" and/or "folder2", but for easy and better
compatability reasons + results, best is to limit the folder name</FONT></DIV>
<DIV><FONT size=2>use to 8 positions only, eg keep the name down to no more
</FONT><FONT size=2>then </FONT><FONT size=2>8 alphabetical </FONT><FONT
size=2>characters. </FONT></DIV>
<DIV><FONT size=2> </FONT> </DIV>
<DIV><FONT size=2>Regards,<BR>Ton Maas<BR><A
href="mailto:ms-irb@xxxxxx";>ms-irb@xxxxxx</A></FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><STRONG>Conversion Options Dialog</STRONG></DIV>
<DIV> </DIV>
<DIV><FONT size=2>The <STRONG>Conversion Options </STRONG>dialog consists of two
pages: one for specifying the Source file options and the other for specifying
the Destination file options.<BR>Choose Source from the Conversion Options
dialog. This page is used to specify options for the conversion of the
source file.<BR>Date Range. Type the First date and Last date for the
range of data you want to convert. Choose the Use today's date checkbox so
the Last date box will always contain the today's date (by
default).</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2><STRONG>Message Limits</STRONG>. Type the number of
Maximum errors and Maximum warnings you want to receive when converting the
data. This has no effect on the outcome of the conversion--it is strictly
for informational purposes. See Convert Error Messages for a complete list
of error messages.<BR>Periodicity. Choose the Periodicity of the source
file. If the source file type is MetaStock or CSI, the periodicity check
boxes are disabled.<BR>Minutes per bar. If you have chosen Intraday for
the periodicity, you must specify the Minutes per bar setting of the source
file. For example, if the source file is an intraday, 5-minute file, then
type "5" in the box. </FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2><STRONG>Traverse source folders</STRONG>. Check this box
if you want all folders beneath the specified source folder to be included in
the conversion. For example, specifying "c:\MetaStock Data" would cause
all security files in c:\MetaStock Data\stocks, c:\MetaStock Data\futures, etc.
to be converted. This option is often used when converting TC2000 data
(see TC2000 File Conversion). If the source file type is MetaStock or CSI,
this checkbox is disabled.<BR>Choose Destination from the Conversion Options
dialog. This page is used to specify options for the creation of the
destination file.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2><STRONG>If file exists</STRONG>. Choose "Append data to
end of file" if you want to append the source file to the end of the destination
file.<BR>Choose the "Replace matching dates" box if you want the source file's
dates to replace the matching dates in the destination file.<BR>Choose "Replace
existing file" if you want the converted source file to replace the existing
destination file.<BR>Include open and open interest. Choose this if you
want the MetaStock destination file to include fields for open and open
interest. The MetaStock format can have either five data fields (date,
high, low, close, volume) or seven data fields (date, open, high, low, close,
volume, open interest).</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2><STRONG>Create new files</STRONG>. If this box is
unchecked, new security files will not be created in the destination
folder. The data in the source file will only be appended to or replace
existing files (depending on your selection).<BR>For example, suppose you have
an ASCII file with thousands of different securities and their prices, and the
MetaStock security files you want to append this data to are scattered across
numerous folders. You should deselect the "Create new files" checkbox so
that new files are not created for securities that don't exist in the
destination folders. </FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2><STRONG>Traverse destination folders</STRONG>. Choose
this checkbox if you want converted data to be stored in the folders beneath the
specified Destination folder. For example, specifying "c:\MetaStock Data"
would cause all the security files in c:\MetaStock Data\stocks, c:\MetaStock
Data\futures, etc. to be written to during the conversion. <BR>If a file
to which the converted data can be appended does not exist in any existing
folders, a new folder will automatically be created beneath the specified
Destination folder. The newly created folders are named "A", "B", "C",
"D", etc. corresponding to the first letters of the converted securities'
names. This option is used when converting FutureLink data (see FutureLink
File Conversion).</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Notes + Extra Options:</FONT></DIV>
<DIV><FONT size=2><STRONG>One specific folder</STRONG>. If you need the
converted data to be stored in only one specific folder, then leave this <FONT
size=2><STRONG>Traverse destination folders </STRONG></FONT>box
unchecked.<BR><STRONG>Export dates with 2 digit years</STRONG>. Choose
this checkbox to export the dates in the source file with two digit years (i.e.,
98 rather than 1998), rather than with millennium-compliant four digits.
This may be necessary if you are using the exported data with computer software
that is not millennium-compliant.<BR><STRONG>Fields to output</STRONG>.
Choose the output fields you want to include in the destination file.
Output fields cannot be specified if the destination file type is
MetaStock.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>=================================<BR></FONT></DIV>
<DIV><FONT size=2>----- Original Message ----- </FONT>
<DIV><FONT size=2>From: Jose Carlos <<A
href="mailto:jcda@xxxxxxxxxx";>jcda@xxxxxxxxxx</A>></FONT></DIV>
<DIV><FONT size=2>To: MetastockList <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>></FONT></DIV>
<DIV><FONT size=2>Cc: Equis Support <<A
href="mailto:support@xxxxxxxxx";>support@xxxxxxxxx</A>></FONT></DIV>
<DIV><FONT size=2>Sent: woensdag 31 maart 1999 6:00</FONT></DIV>
<DIV><FONT size=2>Subject: Download Convert</FONT></DIV></DIV>
<DIV><BR></DIV><FONT size=2>> I want to Convert ASCII files to several
Folders using the Downloader, I<BR>> know that is possible, but can't find
the information in the Manual.<BR>> Could someone help me with this ?<BR>>
Thanks JCarlos<BR>> </FONT></BODY></HTML>
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From: "A.J. Maas" <anthmaas@xxxxxx>
To: <metastock@xxxxxxxxxxxxx>
References: <199904010358.AAA19420@xxxxxxxxxxxxxxxxx>
Subject: Re: Download Convert
Date: Fri, 2 Apr 1999 22:22:02 +0200
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<DIV><FONT size=2>Run the <STRONG>"Convert" </STRONG>Tool:</FONT></DIV>
<DIV><FONT size=2>-click "Tools|Convert" on the WorkMenu or click the
<STRONG>"Convert"</STRONG>-button on the button bar</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Basicaly in "<STRONG>Convert</STRONG>":</FONT></DIV>
<DIV><FONT size=2>-type for the <STRONG>Destination Folder
</STRONG>your MAIN folders' address (drive+path)</FONT></DIV>
<DIV><FONT size=2>-leave the <STRONG>Destination File </STRONG>blanc (for
Metastock as <STRONG>File Type </STRONG>this field is always Not Active, eg
greyed out)</FONT></DIV>
<DIV><FONT size=2>-click "Convert|Options" to go to the "</FONT><FONT
size=2><STRONG>Conversion Options</STRONG>" Dialog Window</FONT></DIV>
<DIV><FONT size=2>-then </FONT><FONT size=2>on the
<STRONG>Destination</STRONG>-TAB:</FONT></DIV>
<DIV><FONT size=2> 1. if the
destination files <STRONG>already excist</STRONG>:</FONT></DIV>
<DIV><FONT
size=2>
-Apply the Option for "Traverse Destination Folder"</FONT></DIV>
<DIV><FONT size=2> 2. if the
destination files <STRONG>do not already excist</STRONG>:</FONT></DIV>
<DIV><FONT
size=2>
-Apply the Option to "Create New Files"</FONT></DIV>
<DIV><FONT
size=2>
-Apply the Option for "Traverse Destination Folder"</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Note that for the sub-folders, the names "A" to "Z" are not
the required names, eg the folders' names can be set to anything</FONT></DIV>
<DIV><FONT size=2>as easy as "folder1" and/or "folder2", but for easy and better
compatability reasons + results, best is to limit the folder name</FONT></DIV>
<DIV><FONT size=2>use to 8 positions only, eg keep the name down to no more
</FONT><FONT size=2>then </FONT><FONT size=2>8 alphabetical </FONT><FONT
size=2>characters. </FONT></DIV>
<DIV><FONT size=2> </FONT> </DIV>
<DIV><FONT size=2>Regards,<BR>Ton Maas<BR><A
href="mailto:ms-irb@xxxxxx";>ms-irb@xxxxxx</A></FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><STRONG>Conversion Options Dialog</STRONG></DIV>
<DIV> </DIV>
<DIV><FONT size=2>The <STRONG>Conversion Options </STRONG>dialog consists of two
pages: one for specifying the Source file options and the other for specifying
the Destination file options.<BR>Choose Source from the Conversion Options
dialog. This page is used to specify options for the conversion of the
source file.<BR>Date Range. Type the First date and Last date for the
range of data you want to convert. Choose the Use today's date checkbox so
the Last date box will always contain the today's date (by
default).</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2><STRONG>Message Limits</STRONG>. Type the number of
Maximum errors and Maximum warnings you want to receive when converting the
data. This has no effect on the outcome of the conversion--it is strictly
for informational purposes. See Convert Error Messages for a complete list
of error messages.<BR>Periodicity. Choose the Periodicity of the source
file. If the source file type is MetaStock or CSI, the periodicity check
boxes are disabled.<BR>Minutes per bar. If you have chosen Intraday for
the periodicity, you must specify the Minutes per bar setting of the source
file. For example, if the source file is an intraday, 5-minute file, then
type "5" in the box. </FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2><STRONG>Traverse source folders</STRONG>. Check this box
if you want all folders beneath the specified source folder to be included in
the conversion. For example, specifying "c:\MetaStock Data" would cause
all security files in c:\MetaStock Data\stocks, c:\MetaStock Data\futures, etc.
to be converted. This option is often used when converting TC2000 data
(see TC2000 File Conversion). If the source file type is MetaStock or CSI,
this checkbox is disabled.<BR>Choose Destination from the Conversion Options
dialog. This page is used to specify options for the creation of the
destination file.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2><STRONG>If file exists</STRONG>. Choose "Append data to
end of file" if you want to append the source file to the end of the destination
file.<BR>Choose the "Replace matching dates" box if you want the source file's
dates to replace the matching dates in the destination file.<BR>Choose "Replace
existing file" if you want the converted source file to replace the existing
destination file.<BR>Include open and open interest. Choose this if you
want the MetaStock destination file to include fields for open and open
interest. The MetaStock format can have either five data fields (date,
high, low, close, volume) or seven data fields (date, open, high, low, close,
volume, open interest).</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2><STRONG>Create new files</STRONG>. If this box is
unchecked, new security files will not be created in the destination
folder. The data in the source file will only be appended to or replace
existing files (depending on your selection).<BR>For example, suppose you have
an ASCII file with thousands of different securities and their prices, and the
MetaStock security files you want to append this data to are scattered across
numerous folders. You should deselect the "Create new files" checkbox so
that new files are not created for securities that don't exist in the
destination folders. </FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2><STRONG>Traverse destination folders</STRONG>. Choose
this checkbox if you want converted data to be stored in the folders beneath the
specified Destination folder. For example, specifying "c:\MetaStock Data"
would cause all the security files in c:\MetaStock Data\stocks, c:\MetaStock
Data\futures, etc. to be written to during the conversion. <BR>If a file
to which the converted data can be appended does not exist in any existing
folders, a new folder will automatically be created beneath the specified
Destination folder. The newly created folders are named "A", "B", "C",
"D", etc. corresponding to the first letters of the converted securities'
names. This option is used when converting FutureLink data (see FutureLink
File Conversion).</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Notes + Extra Options:</FONT></DIV>
<DIV><FONT size=2><STRONG>One specific folder</STRONG>. If you need the
converted data to be stored in only one specific folder, then leave this <FONT
size=2><STRONG>Traverse destination folders </STRONG></FONT>box
unchecked.<BR><STRONG>Export dates with 2 digit years</STRONG>. Choose
this checkbox to export the dates in the source file with two digit years (i.e.,
98 rather than 1998), rather than with millennium-compliant four digits.
This may be necessary if you are using the exported data with computer software
that is not millennium-compliant.<BR><STRONG>Fields to output</STRONG>.
Choose the output fields you want to include in the destination file.
Output fields cannot be specified if the destination file type is
MetaStock.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>=================================<BR></FONT></DIV>
<DIV><FONT size=2>----- Original Message ----- </FONT>
<DIV><FONT size=2>From: Jose Carlos <<A
href="mailto:jcda@xxxxxxxxxx";>jcda@xxxxxxxxxx</A>></FONT></DIV>
<DIV><FONT size=2>To: MetastockList <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>></FONT></DIV>
<DIV><FONT size=2>Cc: Equis Support <<A
href="mailto:support@xxxxxxxxx";>support@xxxxxxxxx</A>></FONT></DIV>
<DIV><FONT size=2>Sent: woensdag 31 maart 1999 6:00</FONT></DIV>
<DIV><FONT size=2>Subject: Download Convert</FONT></DIV></DIV>
<DIV><BR></DIV><FONT size=2>> I want to Convert ASCII files to several
Folders using the Downloader, I<BR>> know that is possible, but can't find
the information in the Manual.<BR>> Could someone help me with this ?<BR>>
Thanks JCarlos<BR>> </FONT></BODY></HTML>
</x-html>From ???@??? Fri Apr 02 13:46:13 1999
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Date: Fri, 2 Apr 1999 15:17:15 -0600
Reply-To: bheisler@xxxxxxxxxxxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: "Bob Heisler" <bheisler@xxxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: was [Bull Market]
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While reducing position size to a "sleeping point" I can certainly
understand. However, advising someone to both reduce the position size to
20% of normal and then to seek FIVE TIMES their normal profit objective per
contract?????
Does anyone else see something wrong with this advice?
Bob
-----Original Message-----
From: nwinski <nwinski@xxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, April 02, 1999 3:05 PM
Subject: Re: was [Bull Market]
>
>
>Linda Swope wrote:
>
>> Regarding Norm's and others' suggestion of longer terms trades:
>>
>> I'm coming around to that point! I sure was ready to give up the stress
of
>> scalping! My new system sees the trades. I believe this system will
suit
>> my personality. All things point to go, but I've been afraid to pull the
>> trigger for one reason. I'm afraid to hold anything overnight. A stop
>> won't protect me from a major move overnight against me.
>>
>> Help me face that fear and I'll be ready to go!
>
>NW: Easy! Dr.Norm has the answer. Just cut your position size down to a
>"sleeping point". For example, if you are accustomed to scalpping five
lots,
>try taking a position with a one lot and then target at least five times as
much
>profit per contract. When you cut the position down to where it feels
boring and
>you should have done more, you have found the right size for your account.
Now
>that you are trading smaller and are better captilized, you will gain more
>flexibility in your trading. Trading smaller positions gives you the option
of
>taking trades with greater dollar exposure and when there is the occasional
over
>night extreme gap way thru your stop point you will have the option to
trade
>your way out of trouble. By allowing greater dollar exposure, you should
also
>experience a higher percentage of winning trades, as it will be much harder
to
>shake you out of good positions due to normal daily market noise.
>
>> My final pearls of wisdom are that one should see trading as a
strategy
>> game, similar to checkers or chess. One of the keys to winning in chess
is to
>> get your pieces in a position where you don't care what the opposition
does.
>> In fact, you want the enemy to try to hurt you.. Just let him take that
>> knight and you will take his Queen or put his King in check. Another way
to
>> put this is that AMBIVALENCE IS POWER! The source of ambivalence is
BALANCE.
>> If you have a balanced position, you have thought thru all the likely
outcomes
>> and most of the not so likely outcomes and you are prepared to welcome
and
>> manage those outcomes to your advantage. So, which ever way the market
goes,
>> you see it as an opportunity for which you will use to your advantage.
When
>> you adopt this approach, you don't care what the market does, so you have
>> little reason to be stressed by your trading. After some practice with
this
>> approach, you should be more profitable, more relaxed, and you should
have no
>> problem sleeping.
>
>Relaxedly,
>
>Dr. Norm,
>The Trading Doctor
>
>>
>>
>> > The bottomline is that the daytrader must undergo many times the
>> stress
>> >than does a longer term trader in quest for a return on capital that is
>> attained
>> >by very few and that probably more likely would be attained if they
>> lengthened
>> >their time horizon. Additionally, if one has a successful long term
trading
>> >strategy, there is no reason that one couldn't keep another job or
>> profession,
>> >entering orders before the market opens, and therefore maintain another
>> income.
>> >So the cost of daytrading is potentially loss of an income from another
>> job,
>> >business, or profession, paying high fees and commissions for quotes and
>> >brokerage, and unknown and unlimited personal and health costs due to
the
>> very
>> >high stress.
>> >
>> > I was a floor trader in Chicago for 12 years, so I know about
>> >daytrading.. It was alot of fun when I was in my 20s. It was less fun in
my
>> 30s.
>> >It was then, in anticipation of where I wanted to be in my 40s, that I
>> started
>> >to train myself to trade from off the floor and started a long journey
>> toward
>> >learning how to trade on a longer term basis. I had studied many traders
>> and
>> >money managers and concluded that the really big money was made from off
>> the
>> >trading floor on longer term positions. I don't think George Soros or
>> Warren
>> >Buffet do very much daytrading. Yet, they both started with relative
small
>> sums
>> >of capital and have built up their capital far beyond what most
daytraders
>> would
>> >ever dream.
>> >
>> > I have spent the last dozen years on a path that has taken me from
>> holding
>> >positions for as little as a few seconds to a few hours to now taking
>> positions
>> >that I sometimes hold for weeks or months. I am very happy in my current
>> trading
>> >and life style. I am now away from the trading floor, the high stress of
>> short
>> >term trading, and I live in a paradisic part of the world. I find it
very
>> ironic
>> >that the rest of the world seems to be rushing in the opposite
direction.
>> They
>> >remind me of the moth wanting to fly toward the flame, a brilliant but
>> short
>> >existence.
>> >
>> >Relaxedly,
>> >
>> >Norman
>> >
>> >
>> >
>> >
>> >>
>> >>
>> >> linda@xxxxxxxxxxxxxx
>> >> Climb the mountains & get their glad tidings: Peace will flow into you
as
>> >> sunshine into flower; the winds will blow their freshness into you &
>> storms
>> >> their energy, & cares will drop off you like autumn leaves. John Muir
>> 1838 -
>> >> 1914
>> >>
>> >> -----Original Message-----
>> >> From: Dtrader <dan@xxxxxxxxxxxxxxxxx>
>> >> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>> >> Date: Thursday, April 01, 1999 12:19 PM
>> >> Subject: was [Bull Market]
>> >>
>> >> >
>> >> >
>> >> >on the other hand, so do 90% of artists, musicians and most new
>> businesses.
>> >> >
>> >> >i'm not real sure this statistic has much relevance.
>> >> >
>> >> >dan
>> >> >
>> >> >
>> >> >
>> >> >-----Original Message-----
>> >> >From: Norman Phair <ericrogers@xxxxxxxxxxxxx>
>> >> >To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>> >> >Date: Thursday, April 01, 1999 1:59 PM
>> >> >Subject: Re: Bull Market
>> >> >
>> >> >
>> >> >:I have heard figures as high as 90% of the people that do day
trading
>> >> >:fail. No work, no reward.
>> >> >:
>> >> >:Norman E,
>> >> >:
>> >> >:> "Peter M. Beckwith" wrote:
>> >> >:>
>> >> >:> Great post, Ira.
>> >> >:>
>> >> >:> Not only are there more on-line trading commercials than beer and
>> auto
>> >> >:> commercials, but the content and substance of these commercials is
>> >> >:> completely off-line. The firms that sponsor these commercials
hire
>> >> >:> teams of lawyers to settle suitability of investment lawsuits and
>> >> >:> arbitration suits all them time from people who lost their
shirts(not
>> >> >:> to mention their homes) after daytrading on the internet for a
couple
>> >> >:> of months. You would think that after all of the horror stories
out
>> >> >:> there about people who didn't understand what margin was or that
if
>> >> >:> the stock goes against you x percent you have to meet the cash
>> >> >:> requirement, the firms themselves would take a more responsible
>> >> >:> stance. Instead, most of us who keep CNBC on in the background
have
>> >> >:> to watch an Ameritrade commercial about a mom and housewive who
can
>> >> >:> take the kids to school and throw some money in a biotech company
to
>> >> >:> the tune of $1700/day or the guy who owns his own island, etc...
>> >> >:>
>> >> >:> I don't know what we are going to see with this market, but one
day(I
>> >> >:> hope) we can look back and just laugh at how absurd those
commercials
>> >> >:> really were. I am hoping it is sooner rather than later and then
>> >> >:> maybe, just maybe the public will understand that trading is a
>> >> >:> profession, not a hobby that you take up in your spare time...
>> >> >:>
>> >> >:> Pete Beckwith
>> >> >:>
>> >> >:>
>> >> >:
>> >> >
>> >
>
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