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chande
momentum Oscillator.
Jayson
<FONT face=Tahoma
size=2>-----Original Message-----From: Lionel Issen
[mailto:lissen@xxxxxxxxxxxxxx]Sent: Saturday, January 18, 2003 12:13
AMTo: Metastockusers@xxxxxxxxxxxxxxxSubject: RE:
[Metastockusers] Full time private trading... ... an unattainable
dream?
What is
CMO?
<FONT face=Tahoma
size=2>-----Original Message-----From: Dan [mailto:amarones@xxxxxxx]
Sent: Friday, January 17, 2003 7:43 PMTo:
Metastockusers@xxxxxxxxxxxxxxxSubject: Re: [Metastockusers] Full time
private trading... ... an unattainable dream?
Hi Nick,
The system works well on almost all stock indicies
and ETF's as well as spreads thereof.
It also works on about half of us individual stocks
we have tested (3000+).
I tested 36 futures markets and found that
about half trade very well.
It doesn't matter what type of insrtrument it is,
just whether that particular selection tests out well.
I am pasting in part of an email I have sent to
other interested parties.
Good luck,
Dan
"The way Steve has dealt with system inquires in the past has been
todisclose most of the particulars of the system and ask the person to
see ifthey can improve the trend qualifier, so that seems like a good place
tostart if it's all right with you.He is not leery of people using his
methods - just those that try to marketthem.He found 4 sources yesterday
selling his work. He welcomes seriousdevelopers to work with him. I don't
doubt that you are one.The rules of the system are:Long
trades: x period SMA of the close > yesterday's SMA (We optimize to
13 or 21period) anda 5 period CMO of the close =< to the lower
symetrical trigger (we optimizetriggers between 0 and 70). By symetrical I
mean +10, -10 or +55, -55,etc....Buy on the open of the next
period.Close long: CMO5 >= upper symetrical triggerSell on the
next period's open.Short trades:x period SMA of the close <
yesterday's SMA anda CMO5 of the close => to the upper symetrical
trigger. Sell on the open of the next period.Close Short
trade:CMO5 <= lower symetrical triggerBuy on the next period's
open.What we are looking for is an improvement on the SMA as a trend
qualifier.The SMA is so simple, but we havn't come up with anything
better.Let me know if you have any questions."
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Nick Leong
To: <A
href=""
title=Metastockusers@xxxxxxxxxxxxxxx>Metastockusers@xxxxxxxxxxxxxxx
Sent: Thursday, January 16, 2003 11:40
PM
Subject: Re: [Metastockusers] Full time
private trading... ... an unattainable dream?
Hi Dan,
Is that invitation open to the rest of us as well? I'm interested in
looking at just the basic foundation of your model. Incidentally, is it
applicable only to the futures market or can it be applied across the board?
If it is confined to only the futures market, is it limited to only certain
instruments?
Regards.
Nick
Dan <<A
href="">amarones@xxxxxxx> wrote:
<BLOCKQUOTE
>
Bill - If you are interested in doing some
research on this type of system, contact me privately, I would be happy
share the basics of what we do.
Take care,
Dan Edens
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A href=""
title=bbeaman@xxxxxxxxxxxxxxxxx>Bill Beaman
To: <A
href=""
title=Metastockusers@xxxxxxxxxxxxxxx>Metastockusers@xxxxxxxxxxxxxxx
Sent: Thursday, January 16, 2003 8:22
AM
Subject: Re: [Metastockusers] Full
time private trading... ... an unattainable dream?
Dan-
Thanks for your reply. I have followed
Steve's work-he used to live in Idaho and now I believe is in CO. Is
this a system propriety to you and he or do you share it?
Thanks
Bill
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Dan
To: <A
href=""
title=Metastockusers@xxxxxxxxxxxxxxx>Metastockusers@xxxxxxxxxxxxxxx
Sent: Thursday, January 16, 2003
9:19 AM
Subject: Re: [Metastockusers] Full
time private trading... ... an unattainable dream?
Bill -
I was fortunate enough to hook up with
Steve Karnish (who is an incredible system researcher and person) about
a year ago. He shared his work with me and invited me to participate
with him in development. What we (he) developed is a very simple trend
qualifier and a variation of the CMO. I suppose you could call it the
Karnish Momentum System. Very simple, very effective.
Dan Edens
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A href=""
title=bbeaman@xxxxxxxxxxxxxxxxx>Bill Beaman
To: <A
href=""
title=Metastockusers@xxxxxxxxxxxxxxx>Metastockusers@xxxxxxxxxxxxxxx
Sent: Thursday, January 16, 2003
7:39 AM
Subject: Re: [Metastockusers]
Full time private trading... ... an unattainable dream?
Dan,
Did you develop the mechanical system
yourself or is it one 'off the shelf'? Would you share the name
or the system?
Thanks
Bill Beaman
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Dan
To: <A
href=""
title=Metastockusers@xxxxxxxxxxxxxxx>Metastockusers@xxxxxxxxxxxxxxx
Sent: Thursday, January 16,
2003 8:34 AM
Subject: Re: [Metastockusers]
Full time private trading... ... an unattainable dream?
Nick-
I have been trading off and on for
about 10 years, both privately and as a CTA for a time. I am
definatley on the short end of the net zero game as a whole, but my
dream of being a full time trader has been revitalized and is on the
way to being realized in the last year.
Who knows, I may blow up the account
and have to start over again at some point, but my experience
in trading tells me I've finally found what works for me. I
think that is the key - what works for each trader. I spent what
feels like a lifetime with everything in the trading world that
didn't work for me.
I disagree that one must switch markets
to be consistently successful. If any market has the characteristics
of orderly accumulation and distribution and sufficient liquidity,
then it can be consistently traded.The markets on the U.S.
futures and equity exchanges offer too many issues and markets that
exhibit these characteristics for me to consider trading more than
just the cream of the crop. I don't think it is necessary to switch
from domestic to foreign markets and from equities to futures to be
successful - there are so many market personalities within each of
those sectors, that the opportunities are far more than I have the
capacity to consider.
For me it would be ludicrous to ignore
either the long or short side of the market because it would mean
giving up half the potential profits. I use a 100% mechanical system
developed with Metastock that averages 76% winners. It's not
perfect, but it backtested an average gain of 240% annually
over the last 2 years and is perfoming as advertised in real
trading.
For me the clouds have lifted and I can
finally see the dream of being a full time successful trader on the
way to being realized.
Dan Edens
From: <A href=""
title=zaiguy@xxxxxxxxx>Nick Leong
<BLOCKQUOTE
>
To: <A
href=""
title=Metastockusers@xxxxxxxxxxxxxxx>Metastockusers@xxxxxxxxxxxxxxx
Sent: Wednesday, January 15,
2003 4:29 PM
Subject: [Metastockusers]
Full time private trading... ... an unattainable dream?
Hi group,
I’ve been reading some
articles about the hedge fund management industry and how most
funds sustained losses over the past 2 years especially since Sept
11 and the US corporate scandal. This is coupled with a statistic
I read that most novice traders leave the trading arena after
about 3 months. These events really got me thinking… … is it
really possible for one to be a full time private
trader?
I’ve been trading
privately for about 4 years not and like most of you I’ve had my
ups and downs. I am a firm believer that trading the market is a
zero sum game. Someone MUST lose in order for me to make a gain.
However, the law of averages dictates that it is just not possible
for anyone to be winning all the time. That being the case, is it
actually possible for anyone to be a full time private trader
(i.e. trade using only his own money and make a living out of
it)?
The only possible way
for one to make money is possibly to be engaged in the right
market at the right time, e.g. to switch between the
equities/futures/derivatives markets or switch between the
US/Europe/Asian markets. But we must also remember that a private
trader does not have the resources or the mental capacity to
handle so much information or research at a single time. What
option would be left then? To specialise and trade only in
specific markets and sit things out when everything is not going
well? Do not forget that a downturn in the market can last for
years.
We can go into the
nitty gritty and say that we must set up stops to prevent losses,
but I’m sure most of you have been in the situation where you were
stopped out too early or you had given so much room before being
stopped out that you suffered a painful loss. Don’t get me wrong,
I believe that trading and investing is an art and there is no one
mechanical way of getting the right results. Ultimately, we are
all looking for one thing… …PROFITS. However, I have come under
the increasing impression that the odds are severely stacked
against the private trader.
I look forward to
hearing from you guys on this matter.
Thanks.
<SPAN lang=EN-GB
>Nick
Leong
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