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At 10:50 AM 7/25/98 -0500, Charles V. Mercer, Jr. wrote:
>
>So Jay and the newbies here is a good example of things to watch out for in
>futures trading. Get a verified actual trading history of at least one to
>two years the more the better before buying any system. Then paper trade it
>for a while before risking your capital.
>Robert
>_____________________________________________________________________
>Dear Bob,
> How do you accomplish the above?
>
>best'
>
>cvmjr
>
Hi CVMJR;
First let me say I would never buy a system now and I did check a few out
in the beginning. When I did I had them send me a track record with FCM
statements to verify they were for real and not hypothetical. Then every
time I maybe thought it could be a good deal I would ask this list if they
had heard of this system. Each time they would tell me not to do it in very
strong terms. I tell you this today and its the gospel truth this list save
me thousands of dollars in systems not bought. I've been trading a longtime
before but computer trading was new to me. I didn't know what they could do
but was hoping to buy a system pop it in load up my trading account with
money and dream of retirement in the Virgin Islands. I and I have heard
other say it that this was their stupid years and I had mine in 96 with TS.
The mean ole S&P when it was even meaner than it is today
showed me why its the meanest. I not saying losing was TS fault but mine, I
think TS is a great tool and does give you a marked advantage over the old
way of not using trading software. I think if you take the time and develop
your own trading program or system you will be glad later like I was. To
trade a can bought system
is in it self is a task and takes experience just to do that more than you
think. So if you were to buy a system trade it on paper first for a very
longtime. For me I have changed in my thinking about how I wanted to trade
period because you have many options, day trader, position trader etc and
it takes you time to know which you would be happiest with. Hope that
answered your question, oh yeah if they wouldn't give me a free trial I
wouldn't call them back. I have heard others get money back deals from
trading vendors but then have a hard time getting their money back. Usually
a quick call to the CTFC takes care of that but its still a hassle. I think
buying indicators is okay and I suggest looking at Juriks home page, he
gives a great break down of putting together indicators, the like and why.
I have always seen good comments about his stuff and his prices seem
reasonable as well. I have no affiliation with him just know quality when I
see it.
Robert
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