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Hi Walter,
Welcome to the free for all 'Omega' list :)
Your quote is certanly a common one and an old one...but like most
market 'wisdoms'....I would suggest that virtually everyone one of them
can be disproved fairly easily. Investing and trading is like no other
profession..and only seasoned traders really understand this and its
ramifications. As for one example to disprove the above quote off the
top of my head...think George Soros...OLD and BOLD....although now he
has pretty much retired..
Adrian
> -----Original Message-----
> From: Walter Hooker [mailto:whooker@xxxxxxxxxxxxxx]
> Sent: Thursday, 5 February 2004 6:58 AM
> To: omega-list@xxxxxxxxxx
> Subject: Fw: Complaint about Omega List Subscriber
>
>
> I keep coming back to this:
>
> "There are old traders and there are bold traders, but there
> are no old bold traders."
>
> Short term trading over the last several years (about six
> years) has made me rely on system less and trading more (i.e.
> price). That does not mean I don't use charting software like
> Tradestation and don't have my on ideas about indicators. It
> seems I have coded hundreds (at least dozens) of ideas over
> the years but keep coming back to price.
>
> I'm new to this list and hope we talk more about trading
> ideas and less about each other. I enjoy good conversation
> about indicators, charts and even systems.
>
> Regards, Walter Hooker
>
> ----- Original Message -----
> From: "drwar" <drwar@xxxxxxxxxxx>
> To: "Ron Hudson" <ron@xxxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
> Sent: Wednesday, February 04, 2004 1:31 PM
> Subject: Re: Complaint about Omega List Subscriber
>
>
> > Get a life! and stop abusing us on this list If you want to whine
> > about someone to the moderator send it to the moderator.
> Don't send it
> > to the list.
> >
> > ----- Original Message -----
> > From: "Ron Hudson" <ron@xxxxxxxxxxxxx>
> > To: <omega-list@xxxxxxxxxx>
> > Sent: Wednesday, February 04, 2004 2:18 PM
> > Subject: Complaint about Omega List Subscriber
> >
> >
> > > Dear Omega list moderator,
> > >
> > > I like the fact that the Omega list is opened and uncensored.
> > > However, I think that people like Mr. Snowden really have no
> > > business being here. Please consider removing him from the list
> > > based on the post below.
> > >
> > > I am posting this request on the list in hopes of discouraging
> > > others
> like
> > > Mr. Snowden from using the list to abuse people as he has
> done to me
> > > and
> > so
> > > many others in the past.
> > >
> > > Yours Sincerely,
> > >
> > > Ron Hudson
> > > Tradestation 7 Easylanguage Specialist
> > >
> > >
> > > > -----Original Message-----
> > > > From: Jimmy Snowden [mailto:jhsnowden@xxxxxxx]
> > > > Sent: Wednesday, February 04, 2004 9:21 AM
> > > > To: Omega-list@xxxxxxxxxx
> > > > Subject: Re: Honest System Vendors?
> > > >
> > > >
> > > > Ron,
> > > >
> > > > You have proved yourself to us. We are trying to ignore you so
> > > > you will go away. You know so little, and it is wrong,
> that you
> > > > are a pain and a waste of everyone's time on this list.
> You are
> > > > clearly certifiable and a liar. You have no value to
> anyone. You
> > > > are a loser and want attention like a child. Just because you
> > > > spent 8 years unable to build a system that does
> anything but lose
> > > > money doesn't mean you have to convince us we can't
> make money.
> > > > Most of us don't care about systems that are for sale.
> We don't
> > > > need them. They are not good enough. Now go find a
> whiner list
> > > > to join and bore them with your psychotic nonsense.
> You are the
> > > > only offensive one here right now. You have hidden for
> five years
> > > > on this list so go back to lurking or just leave.
> > > >
> > > > Best regards,
> > > > Jimmy Snowden
> > > > mailto:jhsnowden@xxxxxxx
> > > >
> > > >
> > > > Wednesday, February 4, 2004, 11:13:37 AM, you wrote:
> > > >
> > > > RH> I have shopped and evaluated hundreds of systems over the
> > > > last 8 years,
> > > > RH> mostly for day trading S&P futures. Three systems vendors
> > > > whose work I have
> > > > RH> found to be credible and of value are listed in the table
> > > > below. I know that
> > > > RH> people here will accuse me of advertising for these
> guys, but
> > > > I respect
> > > > RH> their work and I think it's worthy of ackowledgement:
> > > >
> > > > RH> Vendor System Backtesting Real-time
> > > > Web Site
> > > >
> > > > RH> John Ehlers R-Mesa to 1985 > 3 years
> > > > www.mesasoftware.com
> > > > RH> Jack Cahn Daybreaker to 1998 > 3
> > > > years www.traderassist.com
> > > > RH> John Clayburg Cyclone at least 1998 > 3 years
> > > > www.clayburg.com
> > > >
> > > > RH> I would love to have a FAIR and MATURE conversation about
> > > > these guys if
> > > > RH> anyone wants to debate their merits and fallacies. I know a
> > > > RH> lot
> > about
> > > > RH> systems testing and evaluation, and I'm sure I could learn
> > > > more by debating
> > > > RH> the integrity of these systems. I accept that I may not know
> > > > all of the
> > > > RH> answers about the quality of commercial trading
> systems, but
> > > > RH> I'm
> > very
> > > > RH> interested in the subject.
> > > >
> > > > RH> I propose we try again to have a mature and intelligent
> > > > discussion without
> > > > RH> name-calling, attacking eachother's credibility,
> and flogging
> > > > one another.
> > > > RH> If you disagree with something, then try to state why, and
> > > > try to present
> > > > RH> your arguments as if you were an attorney making
> your case in
> court.
> > > > RH> Remember that when you attack others personally, it almost
> > > > always has a
> > > > RH> negative impact on your ability to persuade others to your
> > > > way of thinking.
> > > >
> > > > RH> I would like to see the anger and hostility of this group
> > > > RH> evolve
> > into
> > > > RH> something more productive and helpful. We CAN evolve this
> > > > list to more than
> > > > RH> a thug-fest. There are people reading this list who are
> > > > seriously interested
> > > > RH> in learning the TRUTHS about trading systems. Those
> of us who
> > > > are learning,
> > > > RH> cannot benefit unless we are able to see something that
> > > > actually works. The
> > > > RH> three systems listed above have worked IN REAL-TIME TRADING
> > > > for at least
> > > > RH> three years. There are other systems too, but these are good
> > > > starting points
> > > > RH> for a discussion. The code behind these systems is clearly
> > > > discussed on the
> > > > RH> web sites, and it's no secret to some here what
> each of them
> > > > RH> is
> > based
> > > > RH> on....and why they "work."
> > > >
> > > > RH> If you guys can learn to behave, then I'd be willing to
> > > > invite each of these
> > > > RH> vendors to come here and respond to INTELLIGENT questions.
> > > > I'm sure they all
> > > > RH> believe in their stuff, and that they'd be willing to engage
> > > > in a friendly
> > > > RH> debate as I have attempted to do. Let's try to clean up this
> > > > room so that it
> > > > RH> is more conducive to intelligent debate and discussion.
> > > > Otherwise, we're
> > > > RH> stuck with only the more closely-scrutinized and censored
> > newsgroups.
> > > >
> > > >
> > > > >> -----Original Message-----
> > > > >> From: DH [mailto:catapult@xxxxxxxxxxxxxxxxxx]
> > > > >> Sent: Wednesday, February 04, 2004 12:54 AM
> > > > >> To: 'Omega List'
> > > > >> Subject: Re: Market Timing Hoaxes, Myths, and Scams
> > > > >>
> > > > >>
> > > > >> > I don't believe everyone here hates system
> > > > >> > vendors.. That is way too harsh....There are many genuine
> > > > >> > vendors
> > out
> > > > >> > there who are open and above board.
> > > > >>
> > > > >> Name one.
> > > > >>
> > > > >> --
> > > > >> Dennis
> > > > >>
> > > >
> > > >
> > > >
> > > >
> > > > Outgoing mail scanned by Norton
> > > >
> > > >
> > >
> >
>
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