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Shorting OTM puts...
At 11:12 AM 10/12/00 -0400, you wrote:
Guy;
I am sorry if I came across a little harsh but
I would honestly like to know how to make 200%
in a year when most people have lost,
myself included.
Malcolm
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Guy Tann
Sent: Thursday, October 12, 2000 1:28 AM
To: metastock@xxxxxxxxxxxxx
Subject: RE: New Buy
Malcolm,
There's no such thing as a free lunch.
All I can do is encourage people to develop their own indicators
and
generally give them some small hints in developing their own
trading
systems.
OTOH, I don't think there is such a thing as a Holy Grail when it comes
to
trading. Every one of us is different and we respond differently
to
different styles of trading or investing. It took us a long time to
come up
with our methodology. What works for us, OTOH, is completely
different that
what is right for the long term investor and/or securities day
trader.
I have receive several, private emails from people on the list thanking
me
for my contribution (whatever it might have been) and telling me of
their
successful development of their own, unique systems.
The bottom line is that we feel that the key is coming up with your
own
methodology, one that's right for you. We feel that it is a mistake
to
follow other people and their developments because then too many people
will
come up with the same signals at the same time. Just
not our style and
not what we're comfortable with.
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 Malcolm Walsh
Sent: Wednesday, October 11, 2000 4:30 PM
To: metastock@xxxxxxxxxxxxx
Subject: RE: New Buy
Guy;
Really. How can you use so many words to say exactly nothing.
If you have a good system and want to share then do so.
I know from you previous posts that you are well meaning but
in this market, where most have lost more than they have gained,
your grandeur is not really what I want to hear unless you can
share your holy grail with all of us.
Malcolm
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Guy Tann
Sent: Wednesday, October 11, 2000 6:44 PM
To: metastock@xxxxxxxxxxxxx
Subject: RE: New Buy
Neo,
I'm not trying to be cryptic, but these are indicators that we have
developed over the last 40 years or so. Prior experience (take
Williams and
how he made $1mm trading the silver market) shows us that once these
are
made public, they cease to work, either from too many people trading them
or
from bigger traders triggering false signals. My dad is adamant in
keeping
this proprietary.
What I can tell you is we use strictly the O, H, L, and Close. We
feel that
all information is accounted for in the daily price activity. We
don't use
any of the prepackaged indicators and have written all of our own.
The only
features of MS that we use are moving averages (of our indicators)
and
regular addition, subtraction, multiplication and division. Our
basic
system (SP39) is comprised of 6 different signals, to which we have
applied
weights. Our final SP39 signal is the arithmetic total of these 6
weighted
signals and can vary from between -10 and +10. Our signals are
all
mathematical and we don't do any charting, except occasionally.
Our signals are probability based. By that I mean, we
"know" (if we really
can ever know anything) that, on average, we will make money on 3 out
of
every 4 trades. We have been able to maintain that probability of
success
for over 15 years now. As I've stated publicly on this list, we
would make
a ton of money and then lose it all. This was not a system problem,
but a
problem with the traders (my brother and myself) getting greedy and
reinvesting too much money and, as we discovered, running a 100% Risk
of
Ruin. We proved that several times over the years. Beginning
last year or
so, we started applying sound (at least we thought they were sound)
money
management techniques and have managed to weather a couple of major
losses
(including our current open trade).
I've tried to encourage everyone to work on developing his or her
own
trading system as we believe that anything you can buy is not worth what
you
pay for it. We also encourage everyone to paper trade for a while
before
risking real money, and finally we recommend that you start this
development
manually, just so you don't fall into the optimization trap, where
you
develop your system using 100% hindsight.
Regards,
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 neo
Sent: Wednesday, October 11, 2000 12:09 PM
To: metastock@xxxxxxxxxxxxx
Subject: RE: New Buy
Guy
Would you mind sharing the formulas and system?
neo
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Guy Tann
Sent: Wednesday, October 11, 2000 11:58 AM
To: metastock@xxxxxxxxxxxxx
Subject: RE: New Buy
Leo,
H700 is one of our Intermediate Term Signals (ITS). Our system is
comprised
of two parts. The first half being a short term signal (which we
call SP39
which simply stands for the 39th indicator in MS) and the other half
being
comprised of 4 ITS (H700, HSIG, H66R and HGGG and don't ask me how our
dad
comes up with some of these names). :) All of these ITS
indicators
(signals) run in DOS as I haven't been able to convert them into MS
yet.
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 leo.timmermans.lt@xxxxxxxxxxxxxxxx
Sent: Wednesday, October 11, 2000 1:40 AM
To: - *metastock@xxxxxxxxxxxxx
Subject: Re: New Buy
Hello,
What is this H700 ???
Kind regards
Leo
Opinions and feedback
appreciated....
Jim...
Atlanta, GA
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