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1) Yep, yours included. Great contribution, by the way.
2) Yep, since
a-1) that going by personal opinions expressed in books+publications do not make me money.
a-2) that it is my personal actions that do make me money.
b-1) that from my personal actions made, I myself will gain, in money and in experience.
b-2) that from b-1's both gains made in the past, I can rely on them both to gain more in future.
c-1) that Hollywood movies are also creations from many published authors.
c-2) that they make money for the movie directors, but not for me.
d-1) that my personal practical experiencies do make me the desired cash+profits.
d-2) that it is therefore also my money I have to put at risk and not that of the published authors.
e-1) that the Risk of Welfare prohibits me to listen to non-factual & personal theories.
e-2) that the Risk of Welfare requires me to go by my own personal experiences.
f-1) that I'm on my own out there and when I need to decide.....................I'm on my own!
f-2) that I have long ago outgrown the (school) books..............practise is a different ball game.
Basicaly:
No publishment is ever a definite rule set in such a dynamics that the financial markets are.
Take what you can from them, the (school) books, for own use and then further go "your own way".
The best example for this is that of the 400+ year old, eg the oldest known TA indicator :
"Moving Averages".
Its Up Crossings are Golden Crossings and its Down Crossings are Dead Crossings.
Either direction can be invested.
BUT, should one hang onto this first ever published personal theory, then every Up or
every Down Crossing made will make you money in that right direction, Right?
Wrong ! And that's known from practise {and history or vice versa}.
In trending markets it will in 60-70% of the time help you to gain, but not in the other 30%,
let alone in the market's trading phases.
No need to publish this, since that they are well prooven facts. Anyone capable to read+write
can understand these facts just by a quick look at the indicators, and thus the -in practise-
not fool proof theory.
And like mentioned before, many securities do not ever give volumes with their Charts, whilst
valid H+S's are made on these Charts, and that can be easely taken positions in.
Regards,
Ton Maas
ms-irb@xxxxxxxxxxxxxxxx
Dismiss the ".nospam" bit (including the dot) when replying.
Homepage http://home.planet.nl/~anthmaas
----- Oorspronkelijk bericht -----
Van: <Mullin285@xxxxxxx>
Aan: <metastock@xxxxxxxxxxxxx>
Verzonden: maandag 9 oktober 2000 15:22
Onderwerp: Re: a beauty of a classic H&S
>
> > -----------------------------------------
> > For starters
> > -you should not believe everything that's written.
>
> Presumably this would include Email list rants and writings as well.
>
> > Second
> > -personal experiences are more valuable.
>
> Does this suggest your personal experiences are more valuable than E&Ms as
> well as Murphy and other published authors?
>
>
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