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Gary, if you read all of Roy's newsletters and you don't learn
anything about trading, you should contact your parents and ask them
what's up with that. They may have some insight into a few issues.
Keep Roy's newsletters in a three ringed binder. As you get more and
more experience, the information will become increasingly valuable.
Every few months you'll learn new things about MS and trading, and you
will want to reference code, indicator information, system tester
discussions or how to's on explorations, formula writing and other
stuff from the newsletter.
Once you subscribe you can join Roy's private group site. There's a
lot of information that's posted there that doesn't get posted to the
public groups.
Roy uses TradeSim along with his own system tester and the MS systems
tester. He plans on comparing the three methods of testing in a future
article. You might want to wait for that article before buying
TradeSim if you feel you need more unbiased info before handing over
the dough. However, a lot of people like TradeSim so there's very
little risk.
Just remember learning to trade costs approximately the same as an MBA
from Harvard. All those things you need to buy are just your school
supplies. For Harvard, I recommend the big box of 64 crayons.
--- In Metastockusers@xxxxxxxxxxxxxxx, "Gary Nielson" <gary@xxxx> wrote:
> Bob, I hope I don't shock you, but I've decided to take your advice.
I am
> going to subscribe to Roy's newsletter, plus the back issues. I
looked over
> the sample and it was great. Now if I don't learn anything, I am
going to
> blame you! :)
>
> Gary
> _____
>
> From: Metastockusers@xxxxxxxxxxxxxxx
[mailto:Metastockusers@xxxxxxxxxxxxxxx]
> On Behalf Of Bob
> Sent: Friday, August 26, 2005 1:44 AM
> To: Metastockusers@xxxxxxxxxxxxxxx
> Subject: [Metastockusers] More Feedback on Trading Slim
>
>
> Okay, you found out that most people like TradeSim. What more do you
> need to know?
>
> You can buy the cheaper version and work your way up.
>
> If you're going to sweat spending $300 on tools by trying to make the
> perfect decision, read my first post again and forget trading. Nothing
> in trading is a perfect decision. Far from it.
>
> As I explained, newbie trader's have no idea how to do systems testing
> so what difference does it make what they use to do it with. It takes
> a trader several years and a light year or two of education to figure
> out how to setup, do and read a system's test properly. In addition,
> if you don't understand how market conditions impact tests and how to
> design in sample and out sample data to figure that out, your results
> are going to be suspect.
>
> I'm not saying newbie's shouldn't do systems tests. It's part of the
> learning curve. However, I am saying the test results are baloney for
> the first few years, and even when they're done right, live trading is
> different and often unrelated.
>
> I keep telling you to read Roy's newsletter. I can see you intend to
> ignore that advice. Roy is going to do an indepth review of TradeSim
> later this year. In addition, he'll tell you how to use the system's
> tester, and there are articles in there that might just give you some
> "real" insight into trading. Believe me if you're curious about
> Performance Systems as a plug-in you need to learn everything in Roy's
> newsletter as soon as possible. It will save you a lot of money
> chasing bad ideas.
>
> There's some fundemental knowledge in there about how trading works
> that every trader should learn first thing. Most figure it out after
> many years. It's seems like such common sense, but believe me it's not.
>
> Monte Carlo simulation is another issue altogether. Ninety percent of
> the Monte Carlo simulators I see are poor applicaitons of the
> principle. In the first place the only way you can get accurate
> results from Monte Carlo simulation is by putting in the stats from
> live trading. When you run a system's test you don't have the results
> from live trading, you have "theoretical results" so you get a
> theoretical Monte Carlo simulation. That won't buy you much.
>
> I don't mean to be rude, but you're really putting the cart before the
> horse. You need to learn to trade before you worry about systems
> testing, muchless Monte Carlo simulation.
>
> There are three articles in Roy's newsletter on trading the IBD that
> will get you trading and maybe teach you how to make some money sooner
> rather than later. It's the simplest trading technique for making
> money that I've seen. Start there. You won't need plug-ins,etc. Then
> when you've been doing that successfully for awhile you can worry
> about systems testing and Monte Carlo simulation.
>
> Kaufman's book is way too complex for most people. You should read all
> of the other books first and then come back to Kaufman's. After you've
> been trading for 5 or 10 years, Kaufman's book will be more
> transparent. I'm writing a few articles on some of the stuff in
> Kaufman's updated systems book, which just came out. I'm going to
> illustrate how to apply some of the more interesting info properly.
>
> It's hard to learn system's development from Kaufman, but you can
> refine systems based on what he says--if you know a hell of a lot
> about what you're doing.
>
> Stridsman tests all kinds of systems and tells you what the test
> results are. Stridsman is the poster child for why most traders fail.
> He is a great systems developer yet the vast majority of his systems
> are too eratic and inconsistent to make money year in and year out. He
> is telling you that most of the stuff that traders love to use doesn't
> work worth a crap. He's a great education in learning to read systems
> tables and how to set up tests.
>
> Chuck LeBeau and Chande are good also. But again, the info that Roy
> has published beats them all.
>
> Email Roy and ask him for a free copy of the April issue of MSTT with
> the SPY and QQQQ trading system in it. Then you'll figure out why you
> should be reading it.
>
> www.metastocktips.co.nz
>
> By the way, you should keep a copy of the rules of trading I posted
> and in three or four years if you have any money left read them again.
> They'll have more meaning.
>
> The other group that will help you go broke is:
>
> http://finance.groups.yahoo.com/group/equismetastock/?yguid=157730241
>
> Forget metastock.com . That mule don't pack!
>
>
>
>
>
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> _____
>
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