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Dear Steve:<br>
<br>
There are different "psycho" among "real traders".
Some using very "black and white" criteria for initiating and
exiting their positions. They could not be "distracted" by
earthquake, Mr. Greenspan, limits down or margin calls. For those people
it is easy to state and discuss their actual trading positions.<br>
<br>
Some other "creeps" that could be called a "real
traders" too (as they make or loose "real money"), always
unsure of their position. The time they are entering the long trade
usually time of the "complete" disaster: 1929 crash is
unfolding again, SPX broke all the supports and a "neck" in
"head and shoulder" pattern, bond going down the tubes, all
gurus (and a good ones) either declared the bear market or give up on the
bull.<br>
<br>
And yet, the indicator saying that the bottom is possible, even the risk
is very high, it easily could be only a half way down. And you take the
risk, starting to build your long position, looking for every tick to
contradict your decision. And the market obliged. Nothing looks more
horrible then the chart at the real bottom.<br>
<br>
Your wife is checking on you: "what did you do today? Market is down
another 100 points and I have heard on the radio that we will go a 1000
points down next week!" You can not lie to your wife or tell her it
is not her business. So you are telling that you have increased your long
position today. "I will talk to you when I get home..."
Fortunately, by the time your wife home, she has more important things to
talk about. "Did you know that our daughter ..."<br>
<br>
So to invite those "mentally unstable" traders to discuss their
position would not be productive. Their decision was not based on clear
indication but on accepting the risk versus reword of their actions.
There are no indicators that allow a man to predict the future (present
company excluded). The only thing we can control is our actions. So
when the market is on the brink of the disaster you take your chance. If
you are right then you will survive another year, if you are wrong you
will take your losses, lick your wound and try one more time.<br>
<br>
Permanently confused Alex.<br>
<br>
At 09:22 AM 10/6/99 -0700, Steve Karnish wrote: <br>
<font face="arial" size=2><blockquote type=cite cite>List,</font><br>
<br>
<font face="arial" size=2>From time to time, traders actually discuss
"real" trades on this forum (the current sugar debate).
This is a really great "idea" that should be explored on a
daily basis. Think of it: a place where
"realtraders" can exchange "real trading"
ideas. It's a concept that could catch on.</font><br>
<br>
<br>
<br>
<font face="arial" size=2>This has little to do with the crash of '29,
Alan Green"spun", or all those "politicos" conspiring
to make my life miserable in the gold market. But, guess
what? Real people are in these real trades, making real money, not
letting the "news" influence their approach, and they are
certainly not sitting around theorizing about the rise and fall of US
economy. </font><br>
<br>
Steve Karnish<br>
Cedar Creek Trading<br>
http://www.stny.rr.com/abbracadabra/cybercast/</blockquote><br>
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</x-html>From ???@??? Wed Oct 06 14:42:30 1999
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From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: "List" <realtraders@xxxxxxxxxxxx>
References: <001901bf1017$0ab52880$f731bccc@xxxxxxx>
Subject: Re: In lieu of crash(trash) talk
Date: Wed, 6 Oct 1999 11:27:38 -0600
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<DIV><FONT size=2>I've been monitoring grains for a possible long position. I'm
curious as to why you would want a weak close to trigger long in wheat and corn?
Corn appears to have completed a possible 5th wave decline with two closes under
the 78% retracement which isn't terribly bullish. Of particular note in corn
is what (so far anyway) is a very tight double inside day setup. Beans have
a clearer wave structure however the 5th wave appears to be incomplete. Meal is
interesting looking. Can't make up my mind about wheat.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Earl</FONT></DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:kernish@xxxxxxxxxxxx"; title=kernish@xxxxxxxxxxxx>Steve
Karnish</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxxx"; title=realtraders@xxxxxxxxxxxx>List</A>
; <A href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Wednesday, October 06, 1999 10:22
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> In lieu of crash(trash)
talk</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2>List,</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>From time to time, traders actually discuss
"real" trades on this forum (the current sugar debate). This is a really
great "idea" that should be explored on a daily basis. Think of
it: a place where "realtraders" can exchange "real trading"
ideas. It's a concept that could catch on.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>For those who monitor real trades in the grain
market:</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>9/29: Went short: corn (214.75), oats
(116.00), & wheat (286.50); (December contracts)</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>10/6: Covered and went long oats
(110.50)</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>10/7: A close below 203 in Dec. corn and
262.25 in Dec. wheat triggers long positions tomorrow.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>This has little to do with the crash of '29, Alan
Green"spun", or all those "politicos" conspiring to make my life miserable in
the gold market. But, guess what? Real people are in these real
trades, making real money, not letting the "news" influence their approach,
and they are certainly not sitting around theorizing about the rise and fall
of US economy. </FONT></DIV>
<DIV><FONT face=Arial size=2> </FONT></DIV>
<DIV><FONT face=Arial size=2>Steve Karnish<BR>Cedar Creek Trading<BR><A
href="http://www.stny.rr.com/abbracadabra/cybercast/";>http://www.stny.rr.com/abbracadabra/cybercast/</A></FONT></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Wed Oct 06 14:42:46 1999
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From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: "RealTraders" <realtraders@xxxxxxxxxxxx>
References: <199910061704.KAA19980@xxxxxxxxxxxxxxx>
Subject: Re: DTNIQ
Date: Wed, 6 Oct 1999 11:58:11 -0600
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Last check on DTNIQ ... no futures.
Earl
----- Original Message -----
From: Eliot Kaplan <eliot@xxxxxxx>
To: RealTraders <realtraders@xxxxxxxxxxxx>
Sent: Wednesday, October 06, 1999 11:05 AM
Subject: DTNIQ
> RTers,
>
> Anyone with an opinion of DTN/IQ? Is it fast, accurate, reliable,
> affordable? What about their support? Long waits on hold? Does it work
with
> TradeStation 4 or 2000?
>
> I mostly daytrade the S&P futures, with some OEX options trades, thus I
will
> mostly track the indexes, along with some key stocks, and indicators.
>
> Thanks in advance!
>
> Eliot
>
>
> Eliot Kaplan
> Voice:310.455.3950
> Integrated Solutions Unlimited, Inc. Fax:310.455.3085
> 20211 Croydon Lane
email:eliot@xxxxxxx
> Topanga, CA 90290
> www.isu.com
>
>
>
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