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Turner wrote: Hype for Marketplayer .com
Dick responds....not even close
---"R.E.Turner" <rturner@xxxxxxxxxxxxxxxxx> wrote:
>
> Hype for Marketplayer .com
> -----Original Message-----
> From: Dick Webb <dickwebb711@xxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Thursday, March 18, 1999 3:02 PM
> Subject: Path to success
>
>
> >(I have about 20 years experience with futures)
> >
> >For the past 3 years I have been in contact with PH D's that take
> >products from ideas to the sales floor. What is interesting to me is
> >the process and how it relates to what we do as traders. We buy or
> >develop a system or method. Then we go test it out (if possible) at
> >that time there is often the idea that historical testing on trade
> >station is all that is needed....but knowing what I know about drug
> >testing and development I suggest that there is more to this than
that.
> >
> >Did you know that there is a drug that has been shown to have
variable
> >degrees of effectiveness for treating anything. This substance has
> >been tested more than 80% of ALL the drugs out there combined. The
> >drug has no side effects and is cheaper than an aspirin. I would sell
> >it but the FDA won't let me. ...The name begins with a P and ends
> >with and o and works because of belief...
> >
> >Any way how this relates to us is that many traders do not take the
> >new system/method/drug ...oops strike drug... through a complete
> >test... they just implement. We give it to a broker with a few
> >thousand dollars and the broker doesn't die so it must be ok...if it
> >doesn't work out we can rationalize it somehow.
> >
> >Last year I did this with stocks for a while...only lost a grand or
> >two. Then made a fortune the rest of the year ....trading based
upon a
> >solid technique that tells me which way the market is going. ...I
made
> >a lot of dough in sept-oct and went long oct 9. ...you know the rest
> >of the story....just look at the SnP.
> >
> >This year as I was entering all those losing stock trades for taxes i
> >lived through the pain again. I decided to prevent that as best i
> >could. I opened an account at marketplayer.com and have been trading
> >stocks there..... Ok so i can't make a real nickel there but i can
> >develop the habits necessary to be a successful stock trader and that
> >is more important than taking risking 5-10k and trying again in
stocks.
> >
> >The result so far has been wonderful I have successfully gone through
> >the "stuff" that real money managers need to go through...Setting up
> >and utilizing money management....this is so easy you wouldn't
believe
> >it.
> >
> >Also I'm dealing with the emotional stuff of being bored with it. You
> >see trading is more interesting when your balance is going up....My
> >results stood at +3% profits for 2 weeks..the 3rd and 4th week..... A
> >friend reminded me that so far I was on track. Since i only used part
> >of my equity most of the time I was on track to making 60% to 120% a
> >year....in a very diversified portfolio. Also there is the temptation
> >to change the system along the way....I find myself looking at the
> >losers and saying what did they have in common so that I can
eliminate
> >it or visa versa. ...Any way as we speak the marketplayer account is
> >up over 5% in a little over 5 weeks in a 20 stock portfolio. Now my
> >next area is to do a simulated account in futures.....Why??? I have
20
> >years trading experience and need an environment where I will develop
> >better habits.
> >
> >One of them is my relationship to my broker. When ever I have five or
> >more winning trades in a row he talks about how his customers loose
> >money....He'll bend over backwards for me but he is part of the
> >dis-functional environment. ...Here I go with the simulated account.
> >I am going to use the one at futures for $10 a month and $2 a round
> >turn I can do it real easy. Then i have found that there are firms
> >that use the same computerized interface to trade with that have
> >reasonable rates.
> >
> >
> >If you have some ideas you can give me to support my success please
> >let me know...
> >
> >What is my system?????...pattern based ...it gets about
> >4 trades a year per market traded. I can trade about 25 markets with
> >it ...4 trades per year.. Average trade lasts 3 weeks. ...Money
> >management here is important I am looking at a 100K theoretical
> >account that probably needs use up to 30K in margin at a time.
> >
> >My exits on trades is different from what i have used in the past. I
> >use a cyclical feature that says if profitable exit not made by a
> >certian date .. stay in till the next date (if loss is not taken).
The
> >advantage of this model is phychological. If i look at a chart and
say
> >to myself it goes up here get out there is uncertainty as to whether
> >or not it will make it to that price. However it will always make it
> >to my stop loss or profit date. (oh yes i do have an exit for quick
> >high profits)
> >
> >If you have any ideas that may support my road to success please
share.
> >==
> >Big Lucky Dick
> >
> >_________________________________________________________
> >DO YOU YAHOO!?
> >Get your free @yahoo.com address at http://mail.yahoo.com
> >
> >
>
>
>
==
Big Lucky Dick
_________________________________________________________
DO YOU YAHOO!?
Get your free @yahoo.com address at http://mail.yahoo.com
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