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ida jean....your comments are <B>very</B> short. Could you please explain
your observations in greater detail? You seem to have an understanding
how this works, I do not. Perhaps other readers are equally mystified.
<P>John
<P>ida jean wrote:
<BLOCKQUOTE TYPE=CITE>it does appear that this combination of 13 is a top!!
and should last.
<P>Asher wrote:
<P>> BS"D
<BR>>
<BR>> Dear 27,
<BR>>
<BR>> At 03:22 PM 14/05/98 EDT, you wrote:
<BR>> >In a message dated 5/14/98 9:04:09 AM Eastern Daylight Time,
<BR>> >azlcpa@xxxxxxxxxxxxxxx writes:
<BR>> >
<BR>> ><<
<BR>> >
<BR>> BS"D
<BR>>
<BR>> >Correction: 9/9/1945
<BR>> >9+9+1+9+4+5= 1
<BR>> >
<BR>> >1 is the unseen Source ( 0 )
<BR>> >made Manifest ( 1 ) or Visable
<BR>> >
<BR>> >1 "Let there be Light" (Gen 1:3)
<BR>> >"The FIRST spiritual emanation is light. If our soul continues
to
<BR>> >follow the light, we will get back to our SOURCE. 1 stands
for
<BR>> >a beginning, a new start and UNITY."
<BR>> >
<BR>>
<BR>> Correction: I was born on the 2nd day of the 7th month in the year
5706 from creation.
<BR>> 2 + 7 + 5706 = 18 = 9 = 0
<BR>>
<BR>> Who I am: The Source of the first light includes harmoniously
in It's Unity both finity and infinity and is thus unexpressively
greater than even infinity. The Emanator remains unchanged, as after
the emanation as before the emanation. HaShem is 1,
I am 0.
<BR>>
<BR>> Whereas:
<BR>> "The figure 1 has a relevancy with the number 1,000,000 ... but as
regards a thing which is in the realm of infinity, there is no number that
can be considered relative to it ..." Tanya
<BR>>
<BR>> What about my original question about 9's, my holy friend?
<BR>>
<BR>> Best regards,
<BR>> Asher Landesman</BLOCKQUOTE>
</HTML>
</x-html>From ???@??? Sat May 16 20:53:56 1998
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Subject: Re: Trading efficiency.
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>Going back in time and looking at where you liquidated in relationship >to the current price will tell you a more about your trading style >than you might think, and is a consistent practice that many good >traders use to refine their trading skills.
>Feedback is welcome.
Hi Terry,
I throughly agree about the importance of self evaluation. I am
wondering if there is some way to account for the fact that no security
moves in a straight line. For example your trade:
closing price 5/15 price LIQUIDATION
EFFECTIVENESS
JMED 29 3/4 30 3/4 -1
Supose the day after you sold JMED dropped 3 points and you where
stopped out at a loss. Then it slowly, over the 2 weeks climbed back to
30 3/4. The fact that you sold when you did would have far more "value"
than holding 2 weeks for 1 point.
Perhaps a way to account for this would be to do something like
the following: First select a time period that matches the average
length you hold a position, in this example 2 weeks. Find the low of
that period and subtract it from whare you sold (in this example 29.75 -
26.75 = 3). Do the same for the high (30.74 - 29.75 =1). Using your
sign convention of + for low and - for high, combine the two(3 - 1 = +2)
This trade was quite good since it avoided a potential big loss.
Likewise if JMED jumped 5 points the day after you sold and then
drifted back down to 30.75 over two weeks the score would be calculated
as follows: 34.75 - 29.75 = 5 for the high and 29.75 - 29.75 = 0 for
the low. Combining the two you get -5 Not a good trade because by
holding 1 day you could have gained 5 points. If JMED had traded below
29.75 during the two weeks you would use the low in your calculations
and that would improve the score in this example.
Next you could factor in your actuall gains or losses by simply
adding the points gained and subtracting the points lost from the above
calculations. Say you had a gain of 2.5 points when you sold in each
example. Then the first would be 3 - 1 + 2.5 = +4.5 and the second
would be 0 - 5 + 2.5 = -2.5 Finally you could draw a chart of these
numbers, not to show off your gains but to help minimize the losses.
This and a good notebook of your trades and the movement of the security
during the 2 week evaluation period could be a usefull tool in
evaluating your trading.
Good luck and good trading,
Ray Raffurty
P.S. I'm going to go back and evaluate my trading using this idea, but
I all ready suspect what the results may be since I log points gained on
each trade and have a tendency to take profits to quickley, missing big
moves. I did it again Friday, I was short the OEX and got out on a
trailing stop after my target was hit when the market reversed. This was
about 15 min before the bottom fell out in the last hour or so of
trading. Set the stop about .5 to tight. Oh well, my motto is "when
you have a nice profit, never complaine about the bigger one you
missed".
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