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Hi Norman...
Once in a while the truth slips into the forum in a post such as this.
Everybody should really focus on what you're saying as far as competing
with Saloman Bros., etc. Doesn't this make obvious sense? I use
Metastock for charting and haven't upgraded from a very "old" version
(5.11) mostly because 95% of the "improvements" are more bells and
whistles with little regard to simple tools. The software venders know
where the money is by introducing new and improved "sirens" to tempt
traders to try this or that method that just confuses and muddies the
simple movement of price.
Just my additional 2 cents.
Best... John
nwinski wrote:
>
>
>
> Peter M. Beckwith wrote:
>
> > RT's Is it really true that this new Omega TradeStation product
> > costs $5K?? And if it does, do all of you enjoy throwing a chunk of
> > your trading capital into this product?
>
> RT,
> If it weren't for a vast computer addiction among the trading
> community, I could put all these
> computer trading programs companies out of biz right here and now..
> Ok, for the few of you who feel that you could trade withtout the aid
> of your computer, here is one of the most powerful tools you will ever
> use. If right handed, hold up your right hand. Notice that (hopefully)
> you have an index finger and a thumb. Now get out some charts and
> measure with your index finger and thumb the size of various swings,
> how these measeruments can be used to rotate to the time axis, and
> also to project other market swings. Left handed folks can do this
> too with the left hand. There ya have it, the Digital Swing Trading
> System, and its free. DSTS 2.0 is improved in that it uses some cycle
> work like the New and Full Moon, but that is only for the advanced
> trader. That upgrade info is commonly available for free so that DSTS
> 2.0 is free too. Hey, maybe I just saved you $5K?
> One last point. I am very skeptical that any "TV Dinner" type
> computer trading program will ever beat the Saloman Bros., Morgan
> Stanley's, and Goldman Sachs of the financial world. If the markets
> were so discernable, these firms would have already conquered the
> markets with their millions of dollars of computer resources and by
> hiring the best brains in the biz The only way you can beat these
> firms with such vast resources and sophistication is by out
> simplifying them. Yes, simplicity is genius. They can be beat because
> their strength is their weakness. They overanalyze everything. Those
> who can perform quick and simple analysis based on their own
> interpretative brain talent can beat all those computers. The computer
> trading war can only lead to to the quick self destruction of any
> trading system found to work for more than one trading day. When all
> of these trading systems have been found to self destruct, the best
> traders will revert back to their index finger and thumb on a chart.
>
> Simply,
>
> Norman
> Version 2.618
>
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