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Neo> Would you mind explaining what you mean by discretionary trader?
My trade entry/exit is not triggered by a specific value of any indicator
or line study. I do not take every trade that my scan produces.
I read chart patterns and my trade decision is therefore subjective. Steve
Karnish's ideas are causing me to become more mechanically ORIENTED.
Having attended the Dow Jones Telerate Seminars for many years, most of the
consistently successful traders/instructors use a mechanical approach with
great discipline and money management. (See Larry Williams' OOPS! method
or Larry Connor's New's Reversals.)
Remember though, one has to trade the methodology that suits one's
personality.
Al Taglavore
----------
> From: neo <neo1@xxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: discretionary trader
> Date: Wednesday, October 17, 2001 8:31 AM
>
> Al
>
> It seems that all systems are to one extent or another mechanical. Would
you
> mind explaining what you mean by discretionary trader?
>
> Thanks, neo
>
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Al Taglavore
> Sent: Tuesday, October 16, 2001 4:07 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Individuals Who are Promoting Products and Services
>
>
> Mr. Wattles,
>
> I have been on this list for over three years. I cannot recall having
seen
> any of your posts before this day. Have you been appointed the Keeper of
> the Group? How can you equate "....This site is to promote MetaStock
ideas
> only..." with your comment of, "....If you continue, I will rip your
tongue
> out!...".?
>
> Steve Karnish has passed on many usable ideas and shared much research
with
> this group. We do share TA thoughts here, Mr. Wattles, not idle boasts
or
> threats.
>
> In your earlier post (which I initially ignored) you wrote, "... Very,
> very, very few mechanical trading systems make money".
>
> Is this based on your experience, or do you have factual information to
> supprot this statement that you would share with this group, Mr. Wattles.
> No, I am not a mechanical trader, I am a discretionary trader with an
open
> mind.
>
> Al Taglavore
>
> ----------
> > From: MRWattles <MRWattles@xxxxxxxxxxxxxxx>
> > To: metastock@xxxxxxxxxxxxx
> > Subject: Individuals Who are Promoting Products and Services
> > Date: Tuesday, October 16, 2001 1:10 PM
> >
> > To all those Vendors & Brokers,
> >
> > !
> >
> > If you continue to try to use this site to generate leads, I will
report
> you
> > to the CFTC and MetaStock Incorporated.
> >
> >
> >
> > Mark Wattles
> >
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