|
PureBytes Links
Trading Reference Links
|
Jim,
"Monday" a good trick if you can pull it off. No markets Monday. <g>
Claud
Jim Greening wrote:
> Guy,
> I'm sure we will have a down day sooner or later, but think it might be
> later. We have the favorable seasonality (4th holiday), Fed bias change,
> and lots of money on the sidelines. I'm going to get back to fully invested
> Monday. That will probably offset the above and cause a down day for you
> <G>.
>
> JimG
>
> ----- Original Message -----
> From: Guy Tann <grt@xxxxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Wednesday, June 30, 1999 9:36 PM
> Subject: RE: New Direction ?
>
> > JimG
> >
> > That's one of the problems with our system. We place and forget (the
> orders
> > that is). <G>
> >
> > Actually, I was busy with my little guy today and never even looked at the
> > market until after the close. When I stopped watching in the early
> morning
> > I was 10 points ahead. That'll teach me to not watch.
> >
> > Anyway, we just went short a little (about 25% of the positions we closed
> > out). We've found that with this crazy market, it pays to move in slowly
> > but not to avoid it entirely as you might miss a big move. My brother was
> > happy going short as he wanted to offset all of his long stock positions
> > just in case everything collapsed. He bought into AOL et al about a week
> or
> > 2 ago (I forget) and seems quite happy with his portfolio. After today,
> > he's probably not even behind with AT&T. Beginner's luck. <G>
> >
> > Well, we'll keep watching this market, do our averaging and pray for good
> > fortune to shine on this trade like most of our others. Even when they
> > start this poorly, we usually luck out and make a buck.
> >
> > Hold on for the ride. I had thought we'd test old highs and maybe up to
> > 11890 or what ever that number was (I'll have to look it up). Let's see
> if
> > we might not have a down day or two on the way. <BG>
> >
> > Regards
> >
> > Guy
> >
> >
> > -----Original Message-----
> > From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]
> > On Behalf Of Jim Greening
> > Sent: Wednesday, June 30, 1999 6:14 PM
> > To: metastock@xxxxxxxxxxxxx
> > Subject: Re: New Direction ?
> >
> > Guy,
> > Looks like the Fed did you in today. Hope you covered when they
> > changed their stance to neutral.
> >
> > JimG
> > ----- Original Message -----
> > From: Guy Tann <grt@xxxxxxxxxxxx>
> > To: Metastock <metastock@xxxxxxxxxxxxx>
> > Sent: Tuesday, June 29, 1999 9:37 PM
> > Subject: New Direction ?
> >
> >
> > > JimG and all others:
> > >
> > > We went short the S&Ps after the close tonight, FWIW. We had thought
> that
> > > we would still challenge our old highs, so this might be a short-term
> pull
> > > back, if we're correct.
> > >
> > > Our Intermediate Term Signal is still Bullish, so IMHO this is not the
> > "big
> > > one".
> > >
> > > This is our Short Term Signal. This STS is running 71% correct for the
> > last
> > > 14 months. Trading one e-mini contract with an initial margin of $4,000
> > > would have returned a net profit, after commissions, of $29,700,
> assuming
> > > you didn't get greedy, screw up or otherwise not follow the system. In
> > our
> > > case, before we started applying certain money management techniques,
> our
> > > greed cost us a lot of these profits. I keep saying, we've learned our
> > > lesson, but that's today, not the last 14 months. <VBG> It's a good
> thing
> > > our systems work so well and bail us out of a lot of our greedy trades.
> > Now
> > > with various money management techniques, we are trading the system but
> at
> > > the same time, trying to minimize our exposure to risk.
> > >
> > > Remember that this advice is worth exactly what you paid for it. :)
> > >
> > > Guy
> > >
> > >
> > >
> >
> >
> >
> >
--
http://pw1.netcom.com/~claudb/
Attachment Converted: "c:\eudora\attach\ClaudB4.vcf"
|