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Mark,
You've lost it again, I see. Blowing more smoke and crying about the sky
falling.
First, we're not "jumping systems" and still hold our S&P futures positions
based upon our original buy. And, as I said in my last post to you and the
list, prior to this trade we are up 200% since last October (on equity),
which isn't too bad for the last 12 months.
We always think we can improve our trading performance. You, on the other
hand, appear to think that you can take a system (you'll notice I didn't say
develop a system because I don't think you would know how) and ride it off
into the sunset. We don't believe that, and feel that the market's dynamics
change constantly, and that you need to continually work on improving your
trading systems. Oh, if we could only be as perfect as you are, and have
perfect systems but never have to post any of our trades in advance, and
still feel free to throw stones at everyone else. It's very easy to sit
back and criticize everyone, Mark. When you decide to put your
recommendations where your big mouth is, let us all know.
Second, we never claimed to be omnipotent like you. Our system runs 75%
correct and has for the past 15+ years. This number means that 25% (that's
1 out of every 4 trade since you're mathematically challenged) loses money.
Our system is comprised of two parts. One half is a short-term signal and
the other half is a longer-term signal (which we call ITS and includes the
H700). This "new" system puts more weight on this longer-term component.
Instead of weighting all 4 ITS indicators equally, we're going to weigh this
particular one heavier.
Finally, you'll notice I post ALL of my trades, win or lose, warts and all.
I have yet to see you ever post any trades, in advance. Before you start
criticizing other people who post trades, you might try it yourself. Or is
it true that you're not a trader like someone else posted here, but simply a
promoter, working with OPM?
Let's see some advanced posts followed up by updating your track record of
public trades, your profitability and all of the other standards you try to
hold everyone else to (except yourself). For someone who attempts to hold
everyone to a high standard, you might try some introspection first.
Until you start walking the walk, let's not hear all the talk.
Fondly,
Guy
Politicians and diapers have one thing in common. They should both be
changed regularly and for the same reason.
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Mark Brown
Sent: Wednesday, October 11, 2000 5:30 AM
To: Metastock User Group
Subject: Re: New Buy -WATCH OUT NEWBIE - THE JUMPING SYSTEM TRICK
Hello Guy,
"PATHETIC" really really "PATHETIC" the classic -it doesn't work now so
lets switch horses in mid stream trick? Guy in the past I saw little
value in your trading post, but now I have changed my mind. You can
be a guiding light of what not to do when trying to become a
mechanical trader. Have you thought of writing a book or compiling
all of your past email post? As a possible publisher I would recommend
those people who do those Idiot's Guides, they would only have to
reverse engineer your post to have a comprehensive volume of works.
There are some very valuable lessons here mr. newbie both trading and
how to wiggle out of public embarrassment - the other note is to make
sure you have a legitimate money making business on the side if you
want to follow some peoples advice on this list.
GT> List,
GT> Well this sure has been an interesting ride down, especially since we
were
GT> long. And yes, I do admit taking a major loss on this trade.
GT> Anyway, we have decided to switch to a different signal (which we have
been
GT> testing for months), which had this last sell signal, unlike our current
GT> trading system that had us on the long side.
GT> Guy
--
Best regards,
Mark Brown mailto:markbrown@xxxxxxxxxxxxx
Y = Offset + Amplitude * sin(Frequency * X)
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