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"can trading with TS make more money? no way."
I have a problem with the above......3 points:
1) the trading results are dependent upon the execution of the strategy
employed...not the software.
2) The software is ONLY a tool....don't rely on it solely.
3) Knowing HOW to use the tool is much more important than the tool itself.
> -----Original Message-----
> From: Lawrence Chan [mailto:stnahc@xxxxxxxxx]
> Sent: Monday, October 04, 1999 3:45 PM
> To: omega-list@xxxxxxxxxx
> Subject: Re: Windows on Wallstreet Daytrader
>
>
>
> TS has powereditor - can write fancy indicators and system.
>
> WOW DT has a metastock like function language -
> can write simple indicators and systems.
>
> is TS programming capability more powerful? yes.
>
> can trading with TS make more money? no way.
>
> there are many ways to make money trading, the most famous one
> is to have much more money in the beginning and make those money
> run away :)
>
> WOW DT seems to me a program more designed as a real time information
> station of great news, quotes interface. and its charts can be printed
> in many many different ways for checking on massive amount of charts.
>
> Its drawing capability is not as powerful as TS but
> trendlines, etc. are there.
>
> I think they have a 30-day trial ... or something like that, so
> testing it out won't hurt.
>
> Again TS defined how trading tools should look like since 10 yrs
> ago, but after so many people using it keep losing money - then
> the question "is there a better way?" should be asked. Maybe there exists
> better way for people to see how a mkt behaviour than simple price time
> charts with indicators, but with TS, one is bounded in the same old
> framework since the old time of charting by hand ...
>
> Remember, the mkt always discount the concepts used most by the
> public. e.g. fundamental valuation of stocks does not work on
> internet stocks from a few yrs back, now everybody switched to
> "momentum stock" concept - do you think this switch will last? :)
>
> ----------
> > From: Paul Weston <paulweston@xxxxxxxxxxxxxx>
> >
> > Lawrence -
> >
> > Would you give the list your impression on WOW DT?
> >
> > I am sure that there are many here who would like to know if it
> is viable
> > alternative to TS.
> >
> > Thanks,
> > Paul Weston
> >
>
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