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<DIV><FONT color=#000000 size=2>ALL,</FONT></DIV>
<DIV><FONT color=#000000 size=2> SCH hit my 108 target
today and my limit sell order was executed. That's the third nice run in
SCH in the last year.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>JimG</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Tue Apr 06 18:06:59 1999
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Message-ID: <002101be809d$2e168080$d6c6fdd0@xxxxxxxx>
From: "Jim Greening" <JimGinVA@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: hold on - Short
Date: Tue, 6 Apr 1999 19:15:55 -0700
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Guy,
Today did look more like a topping action, so you may be right on once
again. Also, SCH hit my target and some others are getting close. I'd like
to see at least one more up day to take some of them out <G>.
Sounds like you are making progress on your risk of ruin calculations.
I'm convinced that money management is the real secret to success in
trading.
JimG
-----Original Message-----
From: Guy Tann <grt@xxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Tuesday, April 06, 1999 2:55 PM
Subject: RE: hold on - Short
>JimG
>
>We added some more on the short side, so our average is around 1223. I
>anticipated the possibility of a move to 1234 basis yesterday.
>
>Still hate these trades against the trend, but we're still averaging almost
>80%, so we have to go with the system.
>
>BTW, my brother sent me the numbers for our system whereby he was able to
>assign the risk of ruin based on our actual results (78% probability of
>success with a 2 to 1 payoff ratio). With 1/3 of our capital invested, the
>risk of ruin is around 1%. We're going to do some more work on this to try
>to determine what an appropriate risk of ruin is (something we can live
>with) when compared to the alternative (ROI).
>
>Regards
>
>Guy
>
>
>-----Original Message-----
>From: owner-metastock@xxxxxxxxxxxxx
>[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Jim Greening
>Sent: Monday, April 05, 1999 8:59 PM
>To: metastock@xxxxxxxxxxxxx
>Subject: Re: hold on - Short
>
>
>Guy,
> Looks to me like a breakout to the upside. Where's your stop?
>
>JimG
>-----Original Message-----
>From: Guy Tann <grt@xxxxxxxxxxxx>
>To: Metastock <metastock@xxxxxxxxxxxxx>
>Date: Monday, April 05, 1999 6:39 AM
>Subject: hold on - Short
>
>
>>JimG
>>
>>Well, FWIW, we reversed this morning, probably too soon, at 1315 basis Jun
>>S&P, taking our profits on our last long.
>>
>>Since we're trading against our intermediate term trend, I'll be looking
to
>>grab some profits on any sharp breaks in the market. Hopefully the market
>>follows our scenario. <G> As you know, we trade using probabilities.
>>Currently we have a working probability of success on this trade of close
>to
>>80%. Maybe this won't be one of the one out of five that bites us in the
>>rear. <G>
>>
>>Regards
>>
>>Guy
>>
>
>
>
>
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