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JimG
In calculating stops basis close, I would think our stop on this trade would
be about 1247 basis close, June S&P.
I'll have to look at the charts a little closer at that point.
Regards
Guy
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Jim Greening
Sent: Wednesday, April 07, 1999 9:08 PM
To: metastock@xxxxxxxxxxxxx
Subject: Re: hold on - Short
Guy,
Best of luck.
JimG
-----Original Message-----
From: Guy Tann <grt@xxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Tuesday, April 06, 1999 10:33 PM
Subject: RE: hold on - Short
>JimG
>
>I can't believe all the time we've spent during the last 40 years (for me)
>and 60 years for my dad, tweaking our systems without paying any attention
>to money management. Hard to believe.
>
>Now it's an integral part of everything I do. Maybe I've finally learned
my
>lesson about rushing. <G> Nah!
>
>Like I said, our intermediate trend is still up, so we're trading against
>our trend. One of three things will happen here. We get our drop and grab
>some profits and stand aside, our intermediate trend changes to sell and we
>add some puts, etc., or we're wrong and take our loss and wait for the next
>buy signal. Regardless, we follow the system.
>
>Regards
>
>Guy
>
>
>We
>
>-----Original Message-----
>From: owner-metastock@xxxxxxxxxxxxx
>[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Jim Greening
>Sent: Tuesday, April 06, 1999 7:16 PM
>To: metastock@xxxxxxxxxxxxx
>Subject: Re: hold on - Short
>
>
>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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