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--- kcckcgt <kcckcgt@xxxxxxxxx> wrote:
> I have being using Metastock for almost a year but still don't know
> how to use it to choose potential/profitable stocks, anyone can tell
> me a right way to fully explore the advantages of it?
A good place to start, is here:
» http://www.metastocktips.co.nz/
Along with Roy's newsletter, I would also download the MetaStock
Formula Primer (PDF):
» http://www.equis.com/Customer/Resources/Formulas/Primer.aspx
Sign up for Roy's newsletter, dig through the MetaStock Formula Primer,
make a SERIOUS effort to understand the power & flaws of your tool by
understanding its language, and you'll being to develop a better
relationship with MetaStock.
Chicks will dig you also.
I would also suggest searching the Archive of this Yahoo! group and
look for posts by superfragalist, Jose, Roy and a few others. In them,
they offer further books & studies that will help ground you in your
quest.
If you can’t find profitable stocks, it’s probably because you haven’t
defined your trading strategy yet. You can’t hit a piñata if you're
blindfolded. You have to define the rules for MetaStock by having a
strategy.
Anyone can draw a pretty picture, buy only an animator can make it
move. An animator understands the language of "motion"...which is
something most people don't understand and never will. It's the same
with MetaStock. Anyone can pop up a chart or run the stock Explorers
that come with MetaStock, but if you haven't defined the rules for the
reason, it's just a pretty picture.
I've been using MetaStock for just over a year and I can say that
without a doubt, the value of MetaStock increased 10-fold when I began
learning its language (jump started when I purchased ICE from Adaptick
(http://www.adaptick.com/) and when superfragalist first posted about
Roy’s newsletter). You don't have to be a "wizard" like some, but even
the smallest knowledge will push your further from where you're at now
with MetaStock.
Roll up your sleeves, set up a nightly study schedule and hit the
books/newsletter. Start with that MetaStock Formula Primer.
Good luck and good trading.
=====
mousefinger@xxxxxxxxx
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