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<DIV>I really agree, Peter! I found scalping doesn't suit my
personality. If the net or my broker is the least bit slow, I find myself
having a heart attack over a few 16ths. Fortunately, I have low blood
pressure to start with, but I didn't like what the stress was doing to my
body or my life.</DIV>
<DIV> </DIV>
<DIV>So now I'm willing to sit back and explore longer trades that make
pyramiding possible. I'll take 20 big gains and 80 small losses! I
just need to do some more homework on pyramiding. </DIV>
<DIV> </DIV>
<DIV>I did write myself a very simple little Excel Risk :
Reward ratio calculator. That keep me out of trades that don't have
the upside potential to begin with. I'm looking for 1:4 going in, after I
determine my entry, stop and target. I pass if the ratio is less.</DIV>
<DIV> </DIV>
<DIV>There is always more to be learned, but money management was the weak link
in my chain and I'm tackling that! More feedback, anyone?</DIV>
<DIV><BR>Swope's Mountain Photography<BR><A
href="http://www.swopephoto.com";>http://www.swopephoto.com</A><BR><A
href="mailto:linda@xxxxxxxxxxxxxx";>linda@xxxxxxxxxxxxxx</A><BR>Climb the
mountains & get their glad tidings: Peace will flow into you as sunshine
into flower; the winds will blow their freshness into you & storms their
energy, & cares will drop off you like autumn leaves. John Muir 1838 -
1914</DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Peter M. Beckwith <<A
href="mailto:capstone@xxxxxxxxxxxxxxx";>capstone@xxxxxxxxxxxxxxx</A>><BR><B>To:
</B>RealTraders Discussion Group <<A
href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>><BR><B>Date:
</B>Thursday, March 25, 1999 11:08 AM<BR><B>Subject: </B>Re: MM &
Psychology<BR><BR></DIV></FONT>
<DIV><FONT color=#000000 size=2>Linda:</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>How about vice-versa as well? You could
have 20% winners and 80% losers but if you pyramid the 20% you could do
extremely well. Richard Dennis once said that the majority of his
profits came from just 5% of his trades.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Everybody wants to have 80% winners, but I
think that is insignificant unless you are a scalper or a SOES trader and then
you also have to overcome the increased costs of slippage and execution costs,
makes it tough to beat the vig.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Best Regards</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Peter
Beckwith</FONT></DIV></BLOCKQUOTE></BODY></HTML>
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From: "David Cazden" <ratts@xxxxxxxxx>
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----- Original Message -----
From: Sawyer <monica@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Sent: Thursday, March 25, 1999 1:06 PM
Subject: Datek
> Hi everyone!
> I am still on a search for a good on-line brokerage firm that is good for
> trading equity options. I have heard that most of them, even if they are
> good on-line, are aweful if their web-page goes down. Anyways, I am now
> considering Dreyfus. Does anyone have any experience with them. Thanks
in
> advance for your input.
> Monica
You should check out Preferred Capital Markets. They are located in the
same building as the Pacific Stock Exchange and have
a non browser based front end (Delta Trader Pro) which is extremely fast,
with direct order routing, and very competitve comission rates on options.
Their platform is extremely stable and beats a browser based entry hands
down:
http://www.deltatrader.com/PRO.htm
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