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Hi Brian:
My comment to you are between
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
> Subject:
> New potential TS user needs advice
> Date:
> Mon, 2 Mar 1998 20:29:24 +1300
> From:
> Brian Meads <brianm@xxxxxxxxxxx>
> To:
> omega-list@xxxxxxxxxx
>
> I have been trading using the Ken Robert's method for about a year now
> and
> lost a significant amount of money.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.
In a sentence or two what is his method?
"lost a significant amount of money" means I have paid a significant
amount of tuition to get an education.
Question: Have you learned anything from your trading?
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Determined to improve my trading
> methods, I have read a number of books and articles on the subject and I
> am
> now of the opinion that I should buy Tradestation, conjure up a few
> systems, test them on historical data and then take the plunge again
> with a
> system that looks promising.
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Everything you need to make money from the american stock market you can
get free from the internet or the library(usa)
In your case you have to use the internet.
A TRADER'S NUMBER ONE GOAL IS TO MAKE AND KEEP HIS/HER TRADING MONEY.
So print this in big letters in front of your screen.
All your effort is to achieve this goal every day.
STARTING FROM ZERO.
ZERO OUT.
So let us start.
What do you do.
We start with the fundamentals.
("Gentlemen, this is a football")
Bob: Gentlemen this is a stock.
DEFINITIONS:
A STOCK is represented by letters and numbers (PERIOD!).
The letters are the stock symbol.
The numbers, price and volume figures.
When these numbers go up you can make money,
when these numbers go down you can make money,
when these numbers stay the same you can make money.
A BROKER, an order taker; one who tells me what: my open positions are,
the market value of my account is, my buying power is; one who sends
me a check, one who calls me about an order, bought or sold.
A MARKET MAKER, one who makes my trade in the market.
A TRADER, you, buys and sells shares of stock.
An ORDER, what you tell your broker.
A GOOD STOCK, one that you have made money on.
Give me you answer to these questions.
WHAT IS YOUR TRADING STRATEGY/METHOD GOING TO BE?
Daytrader, Scalper
Buy/hold, position trading
Momentum
Bottomfishing
Five dollar
ETC.
STOCK SELECTION/STOCK PICKING
WHAT IS YOUR ENTRY CRITERIA?
WHEN DO YOU BUY?
WHAT DO I DO AFTER I TAKE A POSITION?
WHAT IS MY EXIT CRITERIA?
We can discuss this on the list or on my website when it gets up.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>
> I live in New Zealand and because of time zone differences I cannot
> really
> trade intraday yet (I have full time job unrelated to trading). Instead
> I
> am hoping to download daily trading information from the web at the end
> of
> each day (ie, daily hi,lo, open, close), run it through my system and
> email
> any trading signals to a broker to enter the next day.
>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.
I have friends in Japan and Australia.
I want to spend a month in both places and trade and make money from
there.
I can sent in my orders online or have my friend call in my orders. He
has poa.
We will communicate real time with microsoft netmeetings, internet
phone, and
icq.com
Because of the internet location is not a problem trading.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
> I need some advice on the following and would appreciate any assistance
> any
> contibutors to this group could provide:
>
> 1. Can I just enter daily hi, lo, open & close info into TS 4.0 and get
> it
> to give me trading signals, or do I need a satellite feed and data in a
> special format?
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.
If you are doing stocks you can download the data from
omega site for free and feed it into supercharts or ts:
http://www.omegaresearch.com/html/body_software_downloads.html
this is a nice feature that omega provides.
I use supercharts.
Despite all the bugs that people have mentioned, it is ok.
The best thing I like about supercharts is the mouse adjustable alarm
lines.
Also for an extra cost you can get dde. I find that quite useful.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>
> 2. Will TS 4.0 do what I am hoping to do?
>
> 3. Will TS 4.0 allow me to print daily, weekly and monthly tick charts
> of
> contracts I am interested in?
>
> 4. Is there an alternative method of getting satellite-type feeds using
> the internet? I don't believe it is possible to get a BMI satellite feed
> in
> New Zealand.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>...
If you are not intra day trading why do you need sat datafeed.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.
> 5. Any suggestions on good brokers that would meet my requirements (ie.
> offshore client, email interaction, reputable etc.). I currently pay
> around
> $75 a round trip for a full service broker and so I am looking for a
> lower
> cost alternative.
>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
I use regal:
http://www.eregal.com/
I have used them since 1993.
They have treated me ok. I trade enough so I have there perferred phone
no.
You can send in trades online.
My friends in Japan trade thru them. You will have no problems.
There are other brokers on line.
I am sure there are brokers on this list that will contact you.
It is your choice.
If you tell them I sent you I will get a free trade.
If you recommend anyone you will get a free trade.
For realtime and delayed quotes you can contact
Jacques Richards at bmi databroadcast:
jrichards@xxxxxxx
Again tell him I sent you and I will get credit.
I am working on putting up a free website on stocks.
It will be the number one internet stock site on the net.
It will have but not limited to, websites I find useful or interesting,
discuss any books on stocks, any news articles, books I find useful,
you will be aware, you will be informed, if you do the right things you
will make
money, you will keep your money.
I will discuss how my friend Wai went from less than $50,000 in 1991 to
$6,000,000
last year down to $3,000,000 or so this year. What he did right, what he
did wrong.
His picture is in Investors Daily, AUGUST 1996.
My picture seattle times june 9 1996 sunday front page story.
Caption under my picture on page 11?
ANOTHER DAY IN PARADISE.
He was laid off from Boeing in 1991.
There are no secrets out there to making a million. I know. He told me
all
the stocks he has traded and I have made money on his suggestions.
We are just bedroom office/kitchen table stocktraders.
I will discuss my trading thoughts and ideas.
What my other friend trade and what they do.
Again this will be free.
My hope is that if you do make money from ideas from my website,
you will make a donation to your local library, sponsor a little league
team,
a soccor team, help the needy, etc.
I don't need your money. I make my money from trading.
I retired at 45 to trade stocks. I saw what Wai did.
I have the money and time to do what I want.
I want us all to make money from trading and keep it.
NO EXCUSES.
NO WHINING.
KISS: keep it simply stupid
Good trading to all.
No worries.
Bob Kodama smalltimer.com underconstruction
>>>>
the holy grill.
what kind of food and beer do they serve there?
NO, NO, grail, grail
OH!
No worries.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
> Many thanks in advance for any help.
> Brian
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