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RE: [EquisMetaStock Group] Re: optimize--MG's question



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Well I figure that the loss of one metaphorical hand during the 3-5 year learning curve that was referred to recently was worth it. I can now proudly say that I’ve gained enough experience to progress from “village idiot” to “town dunce” level and, what’s more, progress from moving averages to something a bit more sophis…ummm…oh dear, what happened to that second foot I had?!

 

As for anonymity…no.2 on the list looks strangely familiar also? Got something to tell us MG…? And I’m sorry to hear you died in 2000 Jose. How does it feel? Well, you will go bandying your real name about in public… I’ve no sympathy I’m afraid!

 

I tell you in all seriousness though…privacy is the last refuge of the little guy, retain it whenever and wherever you can.

 

Mind you, I’m not trying to sell anything, so I don’t need to tell anyone my real name is Phuc Minh

(and that’s pronounced Foook, OK?!!!)

 


From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx] On Behalf Of Jose Silva
Sent: Tuesday, May 10, 2005 11:29 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group] Re: optimize--MG's question

 


> Thanks Jose..if that really is your name?!

Anonymous poster #45387, I've had no reason to hide my identity for
the past seven years' posting on the Net, and still find no reason to
hide behind a pseudonym now, specially since they've moved me from the
#1 spot on the list:
http://www.foplodge75.org/wanted.html


> It did take me time to type all that with just the one hand though.
> Man, that divergence indicator is sharp!

Stick to your moving averages - trust me, it's safer for you.


Jose Silva



--- In equismetastock@xxxxxxxxxxxxxxx, "TecloGeo" <teclogeo@xxxx>
wrote:
> Thanks Jose..if that really is your name?!
>
> It did take me time to type all that with just the one hand though.
> Man, that divergence indicator is sharp!
>
>   _____ 
>
> From: equismetastock@xxxxxxxxxxxxxxx [mailto:
> equismetastock@xxxxxxxxxxxxxxx]
> On Behalf Of Jose Silva
> Sent: Tuesday, May 10, 2005 7:31 PM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [EquisMetaStock Group] Re: optimize--MG's question

>
> Well said - not bad for an anonymous poster.  ;)
>
> I was told that instead of all that "a successful trader today needs
> sharp trading tools".
>
> A successful trader needs both.  A trader with sharp tools and no
> skills will just cut their trading account to pieces.
>
> It's the application of trading tools *and* skills, and not the
> tools themselves that make the difference.  This is the main reason
> I provide trading tools and not complete mechanical trading systems.
>
>
> jose '-)
> http://www.metastocktools.com
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "TecloGeo" <teclogeo@xxxx>
> wrote:
> Super,
>
> Interesting analogy you use with sports athletes of past eras not
> being able to cut in the modern age. Here's my take on that for what
> it's worth.
>
> Whatever situation you take, it has always been, and will always be,
> that in order for a certain group of traders to make money then the
> majority must lose. That's basic stuff and applies directly to the
> althetic analogy - how many athletes do history remember out of all
> those that have ever taken part? Not many.
>
> I think that to say that "Babe Ruth and Jim Thorpe probably wouldn't
> have been much of a force in today's world" is actually probably
> incorrect. Yes, there were different techiques, training and
> technology in the old days. But what if.what if, we had a teleport
> machine at our disposal and zapped those old guys forward to our day
> and zapped modern day heros like Johnny Wilkinson and Steve Redgrave
> back to their days? Sorry if you don't know who they are but I'm a
> Limey and I have to give honourable mention to our own legends!
>
> If you compare apples with apples on a level playing field and
> remove all the external influences on a participant, be they in the
> sporting or trading arena, I think you will find that legends will
> still be legends. Give Babe Ruth access to all the modern day
> techniques, etc and I bet you he would still have been a hero.it's
> just he would have whipped everyone's ass with even more skill !!
> Take away Johnny Wilkinson's modern day training ground and he STILL
> would have drop-goaled the Aussies in the rugby World Cup final.!
> Why? Because at any given time, the techniques available to one are
> generally available to all.it's the application of those techniques
> and skills that counts, not the details of the techniques
> themselves. Getting one up on your current competitors is all that
> matters.tomorrows competitors are not relevant.
>
> It may be a bit pedantic of me to take issue with your simple
> analogy, but it does actually re-inforce what you seem to suggest.
> The real danger now is in the OVER-use of technology. What sets a
> successful trader or sportsman apart from the crowd is mainly
> comprised of self-disipline, guts, instinct, sheer determination and
> an unstoppable will to succeed.  These are all things that lie
> within and can be found neither on a training ground nor a computer
> screen, no matter how good the algorithm.
>
> I got (politely) taken to task recently for voicing an opinion on a
> strategy that I have found reasonably successful.one that involves
> "traditional" methods of multi-time frame analysis, basic trend
> recognition, indicator divergence and an appreciation of the overall
> macro-economic situation. I was told that instead of all that "a
> successful trader today needs sharp trading tools". Well I disagree
> with that statement.what a successful trader needs today is exactly
> the same as what a successful trader has always needed - a sharp
> mind, not sharp tools. You can give sharp tools to the village idiot
> and he will eventually cut his hand off!
>
> In summary.it seems to me that the "crowd" is doing exactly as you
> say - they are moving to products like MS in the search for a holy
> grail and ending up with indicator fascination/paralysis. Just like
> they trusted their fund managers in the 80's and 90's, now they are
> moving instead to trust that buy signal on the latest black box
> plug-in they bought. Well rather than follow the crowd I would
> rather stick with simple tools that I understand inside-out and
> spend most of my time focussing on how I can use them the way they
> were meant to be used.
>
> So I think we agree with each other?!
>
> PS, no responses from Aussies about the present day state of the
> English rugby team please!!
>
>  _____ 






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