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Re: Money Management Stops



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<DIV><FONT color=#000080 face=Centaur size=4><STRONG><EM>I use stops all the 
time. In today's market vs. last year I use an 8% stop on stocks and for options 
since I am a short term option trader I use the close from the previous day as 
my stop. If the trade for me doesn't go my way it normally turns to a loser that 
is why I get out. I have minimized my loses with an increase in losing trades 
but my winners well out pace the dollar amount of my losers. Getting out of a 
trade when it turns on me gives me the money to get back into the ball game. 
Also if you don't have control of your emotions some losing trades most often 
turn into large loosing trades, because of your research goes from sound 
practice to hopeful and wishful practice. Last year was different when the 
market was trending up with around 50 % pull backs before another up run. On my 
options then I uses a 50% stop on volatile under lying stocks and a 40% stop on 
others. But this is not a rule for all my trading. It all depends. This is what 
I use for my monthly income short term trading. For my Long term and IRA's 
fundamentals have a lot to do with it. I play the down side with covered calls 
and selling Puts. I don't use stops on this. This is my investing account. The 
other is my Trading Account. I think you have to term which type you are. A 
Trader or an investor. I feel at least for me they both have 2 different 
criteria to manage your risk management.</EM></STRONG></FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT color=#000080 face=Centaur 
size=4><STRONG><EM>Bob</EM></STRONG></FONT></DIV>
<BLOCKQUOTE dir=ltr 
style="BORDER-LEFT: #000080 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  A.J. Maas 
  </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A 
  href="mailto:metastock@xxxxxxxxxxxxx"; 
  title=metastock@xxxxxxxxxxxxx>Metastock-List</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Tuesday, April 11, 2000 4:30 
  PM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: Money Management Stops</DIV>
  <DIV><BR></DIV>
  <DIV><FONT size=2>An upfront question would be better:</FONT></DIV>
  <DIV><FONT size=2>What do you see as being&nbsp;a &lt;Trade&gt;, eg&nbsp;what 
  comprises?</FONT></DIV>
  <DIV><FONT size=2></FONT>&nbsp;</DIV>
  <DIV><FONT size=2>If a future, than ............</FONT></DIV>
  <DIV><FONT size=2>If an option, than ............</FONT></DIV>
  <DIV><FONT size=2>If a share, than ............</FONT></DIV>
  <DIV><FONT size=2>This since these &lt;Trades&gt; differ in Temper &lt;like 
  fire and water&gt; completely.</FONT></DIV>
  <DIV>&nbsp;</DIV>
  <DIV><FONT size=2>I like seeing Stops when trading shares, but 
  not&nbsp;trading options{it will get you bankrupt and&nbsp;soon}.</FONT></DIV>
  <DIV><BR>Regards,<BR>Ton Maas<BR><A 
  href="mailto:ms-irb@xxxxxxxxxxxxxxxx";>ms-irb@xxxxxxxxxxxxxxxx</A><BR>Dismiss 
  the ".nospam" bit (including the dot) when replying.<BR>Homepage&nbsp; <A 
  href="http://home.planet.nl/~anthmaas";>http://home.planet.nl/~anthmaas</A></DIV>
  <DIV>&nbsp;</DIV>
  <DIV>&nbsp;</DIV>
  <BLOCKQUOTE dir=ltr 
  style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
    <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
    John Manasco 
    </DIV>
    <DIV style="FONT: 10pt arial"><B>To:</B> <A 
    href="mailto:metastock@xxxxxxxxxxxxx"; 
    title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx</A> </DIV>
    <DIV style="FONT: 10pt arial"><B>Sent:</B> dinsdag 11 april 2000 14:05</DIV>
    <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: Money Management 
    Stops</DIV>
    <DIV><BR></DIV>
    <DIV><FONT size=2>Guy</FONT></DIV>
    <DIV>&nbsp;</DIV>
    <DIV><FONT size=2>What criteria do you use to&nbsp;exit a trade that goes 
    against you?</FONT></DIV>
    <DIV>&nbsp;</DIV>
    <DIV><FONT size=2>John Manasco</FONT></DIV>
    <DIV><FONT size=2></FONT>&nbsp;</DIV>
    <DIV>
    <DIV>----- Original Message ----- 
    <DIV>From: &lt;<A 
    href="mailto:CRLeBeau@xxxxxxx";>CRLeBeau@xxxxxxx</A>&gt;</DIV>
    <DIV>To: &lt;<A 
    href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>&gt;</DIV>
    <DIV>Sent: dinsdag 11 april 2000 10:23</DIV>
    <DIV>Subject: Re: Money Management Stops</DIV></DIV>
    <DIV><FONT size=2></FONT><BR></DIV>In a message dated 4/10/00 9:30:14 PM 
    Pacific Daylight Time, <A 
    href="mailto:grt@xxxxxxxxxxxx";>grt@xxxxxxxxxxxx</A> 
    <BR>writes:<BR><BR>&lt;&lt; We don&#8217;t use any stops in our trading which 
    means that some bad trades can<BR>&nbsp;be very expensive.&nbsp; Stops will 
    only mess up your system, unless you used<BR>&nbsp;stops when systems 
    testing.&nbsp; We don&#8217;t use stops in testing our system and 
    we<BR>&nbsp;don&#8217;t use any stops in trading it.<BR>&nbsp;<BR>&nbsp;Just my 
    opinion.<BR>&nbsp;<BR>&nbsp;Guy &gt;&gt;<BR><BR><BR>Sounds 
    familiar.<BR><BR>"I have never used stops, even to bail myself out. Somehow, 
    having a fixed <BR>rule to exit provides my adversaries too great an 
    advantage. " - Victor <BR>Niederhoffer, from "The Education of a 
    Speculator", page 376 <BR><BR>Chuck LeBeau<![if !supportEmptyParas]><![endif]><![if !supportEmptyParas]><![endif]><!--[if supportFields]><span class=EmailStyle15><font 
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</x-html>From ???@??? Wed Apr 12 07:19:15 2000
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From: "Richard Bone" <richardbone64@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Windows 2000 and Open Chart
Date: Wed, 12 Apr 2000 21:25:27 +0800
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<DIV>&nbsp;</DIV>
<DIV><FONT color=#000080 face=Tahoma size=2>Since upgrading to Windows 2000 I 
cannot get sorting of the securities in the Open Chart dialog.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT color=#000080 face=Tahoma size=2>When I select "Details" it does 
nothing.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT color=#000080 face=Tahoma size=2>The codes are in no particular order 
and it's very difficult to find anything.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT color=#000080 face=Tahoma size=2>Anyone else seen this?</FONT></DIV>
<DIV><FONT color=#000080 face=Tahoma size=2>&nbsp;... or know how to fix 
it?</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT color=#000080 face=Tahoma size=2>Richard 
Bone</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Wed Apr 12 07:36:32 2000
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Message-ID: <002f01bfa486$30257f80$796caecf@xxxxxxx>
From: "Chuck Wemlinger" <acw@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
References: <NBBBKFMIMHJOLMGOIJGNGEDMEHAA.grt@xxxxxxxxxxxx>
Subject: Re: NASDAQ futures continuous contract
Date: Wed, 12 Apr 2000 07:49:20 -0600
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Status:   

Guy,

I can build a continous contract based on Nth nearest and rolling parameters
such as Vol, OI, Vol+OI, or specific time of month.  It can be unadjusted or
adjusted.  What would you like?

Chuck Wemlinger

----- Original Message -----
From: "Guy Tann" <grt@xxxxxxxxxxxx>
To: "Metastock User Group" <metastock-list@xxxxxxxxxxxxx>
Sent: Sunday, April 09, 2000 16:05
Subject: NASDAQ futures continuous contract


> List,
>
> Does anyone have a MS or text format NASDAQ continuous futures contract
that
> I could get a copy of?  We're going to try to analyze it to see if our
> system might work with it as well.  You can send it via an attachment via
> email as long as you include a note as to what it is.
>
> TIA
>
> Guy
>
>
>
>