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Nice analysis you did as well. The consuming search for better tools and
indicators sometimes obscures other important issues that also need
work.
Regards,
Monte
"Bengtsson, Mats" wrote:
>
> Nice reflection you did. The similarity being we still try to rush off in
> packs, but somewhere on the line we forgot the real incentive for doing so:
> Getting an easier pray.
>
> Instead, today we tend to go with the pack, but there are too many dogs in
> the pack and thus only the first of us get part of the pray, the rest just
> waste energy and time, finally dying due to lack of nutritious pray.
>
> You have just strengthened me by pointing to the base for our behaviour and
> reminding of the objectives for following the pack. Our instincts tend to
> counter our targets in this case.
>
> > -----Original Message-----
> > From: Monte C. Smith [mailto:mcs@xxxxxxxxxxx]
> > Sent: den 9 mars 2001 08:01
> > To: Bengtsson, Mats
> > Cc: Bilo Selhi; Omegalist
> > Subject: Re: TSPro
> >
> >
> >
> >
> > "Bengtsson, Mats" wrote:
> > >
> > > There is a very good reason for me not to trade US-stuff.
> > There are some
> > > smaller reasons as well.
> > >
> > > The big reason is visible if you look at stock diagrams
> > stretching over 30
> > > years. The behavior of the price is nowadays harder to
> > predict since it is
> > > moving more. You can do the very same comparision with
> > stock exchanges. The
> > > less popular stock exchanges move smoother than the ones
> > that are traded by
> > > a lot, and the pattern is the same as for the stocks. As
> > more and more
> > > players enter the arena, the movement changes shape.
> > Stockholm is still a
> > > quite simple stock exchange to trade. There are stocks on
> > it that are a lot
> > > tougher, but then when you look at them you find that those
> > stocks are
> > > registered in the New York exchange as well.
> >
> > HUngry dog packs circle and pick the weakest among the herds they
> > attack. Amateur traders try for the strongest, and get killed
> > themselves.
> >
> > Regards,
> > Monte
> >
> >
> >
> > "Bengtsson, Mats" wrote:
> > >
> > > There is a very good reason for me not to trade US-stuff.
> > There are some
> > > smaller reasons as well.
> > >
> > > The big reason is visible if you look at stock diagrams
> > stretching over 30
> > > years. The behavior of the price is nowadays harder to
> > predict since it is
> > > moving more. You can do the very same comparision with
> > stock exchanges. The
> > > less popular stock exchanges move smoother than the ones
> > that are traded by
> > > a lot, and the pattern is the same as for the stocks. As
> > more and more
> > > players enter the arena, the movement changes shape.
> > Stockholm is still a
> > > quite simple stock exchange to trade. There are stocks on
> > it that are a lot
> > > tougher, but then when you look at them you find that those
> > stocks are
> > > registered in the New York exchange as well.
> > >
> > > So, I simply find it easier to make money in an exchange
> > traded by more
> > > fundamentalists and fewer technical analysts. Then I do not
> > have to switch
> > > to 1 minute trades to make money. A smaller reason is that
> > I know a lot more
> > > of Sweden than New York, I can pick up a lot of the consent
> > here, I get to
> > > capture the gossip here, and I do not have to trade a
> > double game (stock
> > > exchange as well as currency differencies).
> > >
> > > Anyway, good or bad reasons, those are my reasons. You
> > might not deem them
> > > correct, but they are still my reasons. Omega clearly
> > considers my reasons
> > > crap. Either I trade the US market, or I am stuck in a tool
> > that is no
> > > longer enhanced and that can no longer share the work done
> > to trading ideas
> > > on their "we decide what market you trade" tool.
> > >
> > > Would you be as positive in your global thinking if the
> > tool you selected
> > > only let you trade the french market? It is so easy to
> > think global if
> > > others are coming to you, but when you have to do the move
> > yourself then you
> > > realise that it is not that global yet. I prefer to select
> > my time for going
> > > global myself, not through a "new customer only" strategy at Omega.
> > >
> > > > -----Original Message-----
> > > > From: Bilo Selhi [mailto:citadel@xxxxxxxxxxxx]
> > > > Sent: den 9 mars 2001 06:26
> > > > To: Bengtsson, Mats; Omegalist
> > > > Subject: Re: TSPro
> > > >
> > > >
> > > > i bet you can trade NY and Naz right from Stockholm on Pro,
> > > > if! you have somewhat fast connection. don't day-trade
> > > > because due to delays you will be behind. i would expect 1 min
> > > > delays between Florida and Sweden. but i tell you this. even
> > > > with 1 min
> > > > delays you can still
> > > > make good money swing trading. on most of my systems
> > > > you have about 1-15 min to place an order with very small slippage
> > > > in some cased you do have slippage but in other 50% you can
> > > > get a better fill then you system got. it evens out.
> > > > the world is becoming a tighter place. why not trade US stuff.
> > > > same shit anyways. who cares what you trade... it's just a curve.
> > > > smart money has been global for at least 2-3 decades. go where
> > > > the most liquidity is. you have to think global and not
> > local anymore.
> > > > i would also guess that eventually TRAD will go global and you
> > > > will get your Stockholm exchange on there too. might take a
> > > > couple of years.
> > > > the neat thing about the pro is that you can use it to trade US
> > > > markets just about anywhere in the world all you need is reliable
> > > > internet access and you got it. there is not much of a difference
> > > > between what you get as far as data compared to what
> > professionals
> > > > get.
> > > > bilo.
> > > > no affiliation!!!
> > > >
> > > > ----- Original Message -----
> > > > From: Bengtsson, Mats <mats.bengtsson@xxxxxxxxxxxx>
> > > > To: Omegalist <omega-list@xxxxxxxxxx>
> > > > Sent: Thursday, March 08, 2001 5:41 PM
> > > > Subject: RE: TSPro
> > > >
> > > >
> > > > > Well :-)
> > > > >
> > > > > From my point of view I guess there is a lot missing.
> > For example
> > > > Stockholm
> > > > > and Copenhagen stock exchange stocks. This is just a guess,
> > > > but Omega does
> > > > > not support European stocks in TS Pro?
> > > > >
> > > > > > -----Original Message-----
> > > > > > From: Lawrence Price [mailto:lprice1023@xxxxxxxxxxxxx]
> > > > > > Sent: den 8 mars 2001 17:14
> > > > > > To: Omegalist
> > > > > > Subject: TSPro
> > > > > >
> > > > > >
> > > > > > I have just had a disturbing thing happen with TSPro and I
> > > > > > want to bring
> > > > > > it to the attention of the list. Fortunately, I am only
> > > > > > running it as a
> > > > > > backup, so it hasn't affected my trading. One of the
> > > > > > indices, $DJISVC,
> > > > > > is not available. I am receiving the data on my PCQuote, so
> > > > > > I know that
> > > > > > it is not a problem with the index. If we can't rely on a
> > > > > > symbol being
> > > > > > available then we really have a problem with TSPro. I
> > > > have no idea if
> > > > > > there are other symbols that are also missing, however
> > > > reliability of
> > > > > > data is critical to trading performance.
> > > > > > Lawrence Price
> > > > > >
> > > > >
> > > >
> >
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