|
PureBytes Links
Trading Reference Links
|
Christie,
A newsletter written by Roy, a frequent contributor here...really he
is THE coding guru. MSTT is short for Metastock Tips and Tricks.
Check the archived messages or files section for more info.
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "christie1969us"
<christie1969us@xxxx> wrote:
>
>
> What is MSTT?
>
> Christie
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, superfragalist
> <no_reply@xxxx> wrote:
> >
> > While answering that last question about an ETF rotation system, I
> > remembered a couple of posts from people venting about things that
> > seemed like hype about the MSTT and what you could get out of it.
> >
> > I told Roy that I would like to post a list of trades that have
> been
> > made using the techniques from MSTT just to illustrate to the
> skeptics
> > what is possible. However, I'm a very private person for many
> reasons,
> > and I don't reveal much information about my trading or anything
> else.
> >
> > However, I am willing to share a little bit. I posted an SPY
chart
> im
> > the files section that I said I had some unique indicators on it
in
> > regard to trading SPY. I also mentioned that the system for the
SPY
> > and QQQQ would be explained in the April issue of MSTT.
> >
> > I personally use the posted chart to figure out the direction of
> the
> > market along with a few other simple charts, i.e. weekly etc. In
> > addition, I often trade the SPY.
> >
> > Based on how I trade the SPY using the posted chart, since
January
> the
> > trades have returned a bit over 12%. All of the signals and how
you
> > should react to them are going to be explained in April MSTT.
> >
> > Roy has annotated versions of the charts noting the trades, how to
> > read the charts and how the indicators work. These will be sent to
> > subscribers.
> >
> > Do these methods work, yes! How do I know? Because I trade them.
> Can
> > anybody make money using the same techniques? How can I answer
that
> > question. They should be able to make money following the same
> > methods, but in the newsletter there is a very clear explanation
of
> > why some people don't and won't ever be able to.
> >
> > In the May issue, there will be a method of trading stocks that is
> > described in detail along with the appropriate code needed to use
> the
> > system. Does it work? Yes, it does. Since November the SPY trading
> > system has made around 18% (commissions, slippage, etc are
> different
> > for everyone so this is approximate). The stock trading system has
> > made several times that much.
> >
> > Are the systems described purely mechanical. No, they are not. It
> > takes some degree of chart reading ability and judgement. However,
> > I've never found anything that takes less of those abilities.
> >
> > Why don't you fully disclose the trades and track record if we're
> > suppose to believe the system works? I'm not selling a stock
> picking
> > service, I don't have my results audited which I would if I were
> > trying to convince someone to pay me for my "stock picks", I'm not
> > selling a plug and play system on a CD with little green buy
arrows
> > and red sell arrows, I'm not getting anything from Roy for sharing
> > what I know with his subscribers, and I'm certainly making no
> > guarantees that it will work for you.
> >
> > Are your systems and strategies better than the ones that other
> > traders are going to write about in MSTT? I have no idea. I hope
> they
> > have better systems. In fact, I hope they describe systems that
> make
> > about 10 times what mine makes, and I hope I can trade the system
> so I
> > can make 10 times what I make.
> >
> > Do I have other systems I'm not disclosing in MSTT? Yes, of
course
> I
> > do. I have a directional outperformance system that's made 2.5%
in
> the
> > last three days on long trades. Why aren't you going to disclose
> your
> > other systems? I'm disclosing the most consistent, easiest to use
> > system that makes way more than enough money for the majority of
> > traders who aren't trying to day trade the markets and lose their
> > asses. My other systems are more difficult to use, harder to
> explain,
> > and take a lot of experience. The directional outperformance
> system is
> > a good example. I don't trade against the market trend often, but
> the
> > strategy I use works fine and makes money when I don't want to go
> short.
> >
> > Someone got chewed for saying that a subscription to MSTT is worth
> > many times it's cost, and a person can make thousands more than
the
> > price of MSTT. Gee, a subscription plus the back issues is less
> than
> > $180. Plug-ins cost way more than that. Commissions cost way more
> than
> > that. If you can't make thousands more than the cost of
> subscription,
> > here's some advice you can use. Quit trading!
> >
> > If you're losing money trading, that's too bad. The reason I keep
> > touting MSTT is because most people who try to trade with TA,
> > regardless of the program they're using, don't make any money.
> There
> > are thousands of subscribers to this board. A signficant
> percentage of
> > those are losing money, or barely staying above water. If you are
> one
> > of the 50 how post all the time, you get tired of reading my
> messages.
> > You get irritated hearing it over and over, but some people are
> only
> > reading it for the first time.
> >
> > If this board had a newbie section, where all newbie's were
> > quarantined for a few months, I would only post on there. To those
> > that I irritate by repeating myself. I appologize.
> >
> > I've tested hundreds of experts, indicators, and systems. Some I
> wrote
> > myself, some I got from other people and some I found floating in
> > cyber space. I've read more than 150 books on trading and systems
> > development. I've spent many hundreds of hours with other
> professional
> > traders talking about trading strategies and how they approach the
> > markets. This is my full time living so I've got to get it right.
> >
> > You can believe that what I write about MSTT is hype and it's
just
> way
> > to learn to code in MS and nothing more. You have the option of
> using
> > it that way. It's up to you as to what you do with it. If nothing
> else
> > you can print it out and use it as a fly swatter. I really don't
> care.
> > However, in my opinion based on all of the stuff I've seen, read
> and
> > tried, the information in MSTT is very effective and does help
> someone
> > learn to use TA in its most direct way to make money.
> >
> > I'm sorry if you had to read this long post for nothing, but I
> thought
> > you might like to see some numbers to back up the "hype."
> >
> > Have fun!
------------------------ Yahoo! Groups Sponsor --------------------~-->
In low income neighborhoods, 84% do not own computers.
At Network for Good, help bridge the Digital Divide!
http://us.click.yahoo.com/EpW3eD/3MnJAA/cosFAA/BefplB/TM
--------------------------------------------------------------------~->
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|