|
PureBytes Links
Trading Reference Links
|
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META content=text/html;charset=iso-8859-1 http-equiv=Content-Type><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<META content="MSHTML 5.00.2919.6307" name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT size=2>
<DIV><FONT size=2>Actually, I imagine George (the author of the piece about his
friend's cryptic discovery) probably had a flush of posts. As for me,
you're it!</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>I have no idea what his friend discovered. Although *I*
use an obscure method with like results, I'm a bit questioning of a 14 out of 15
winning track record. With a win/loss ratio like that it doesn't make
sense that he only got a 30% trading return ($300k on $500k 100% fully margined)
ANNUALIZED! If he indeed divorced his ego and emotions from his system and
went completely mechanical (on the lead indicator only, apparently), he's then
leaving quite a bit of money on the trading floor (from discretionary exits)
because he's taking profits too early in order to make sure they all post as
winners. A powerful demand of the ego.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>TO GEORGE:</FONT></DIV>
<DIV><FONT size=2>I'm sincerely interested if your friend is willing to share
his discovery of criterion and methodology.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Dave</FONT></DIV>
<DIV> </DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
charles meyer
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:Deltaforce@xxxxxxxxxxxxx";
title=Deltaforce@xxxxxxxxxxxxx>Deltaforce@xxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, January 10, 2000 7:11
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [RT] Re: change of
heart</DIV>
<DIV><BR></DIV>
<DIV><FONT color=#000000 size=2>David:</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>I can only imagine that you have received quite a lot of
e-mails on this. Can</FONT></DIV>
<DIV><FONT size=2>you tell what is the magic leading indicator he
discovered? Thanks for any</FONT></DIV>
<DIV><FONT size=2>feedback you can provide.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Best wishes,</FONT></DIV>
<DIV><FONT size=2>Charles</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>David Donhoff <<A
href="mailto:Deltaforce@xxxxxxxxxxxxx";>Deltaforce@xxxxxxxxxxxxx</A>><BR><B>To:
</B><<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A>>
"0Real Traders" <<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A>><BR><B>Date:
</B>Monday, January 10, 2000 5:25 AM<BR><B>Subject: </B>[RT] Re: change of
heart<BR><BR></DIV></FONT>
<DIV><FONT size=2>Great lessons!</FONT></DIV>
<DIV><FONT size=2>Is your friend offering anything of his learnings for
others in any form?Dave</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>
gposnak
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>0Real Traders</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Sunday, January 09, 2000 2:05
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> change of heart</DIV>
<DIV><BR></DIV>
<DIV>
<DIV><FONT color=#000000 size=2>A friend of mine made $300,000 this year.
He has been a breakeven trader for the past decade. What is the reason for
the change? He finally came to accept the fact that <STRONG><U>for him
</U></STRONG>the daily market fluctuations were essentially a random walk.
Starting with that premise he came up with a system based on a leading
indicator and backed it with 100% margin on his $500,000 account. He was
in the market only 20% of the time trading the short term swings of 2 to 4
days (He uses a 1 day stop). What is astonishing is that he had
only 1 small losing trade out of 15. What is the main
reason for his success? I think that central to the turnaround is
the <STRONG><U>change in attitude </U></STRONG>from thinking that he could
forecast to humbling admitting that he could not. Once the faulty premise
that he could forecast what a million traders would do was expunged from
his mind, he could then focus on a game plan that might exploit a market
inefficiency or setup or leading indicator. He realizes that the NASDAQ
was up 80% last year and because he trades mutual funds, he must be
primarily long, but he maintains that even in a bear market there will be
rallies and so long as the sun moves from New York to Chicago to Los
Angeles he will be able to make $. </FONT></DIV>
<DIV><FONT color=#000000 size=2>For an example read Marty Schwartz'
<STRONG><U>Pitbull</U></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#000000
size=2>George</FONT></FONT></DIV></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></DIV></BODY></HTML>
</x-html>From ???@??? Mon Jan 10 14:06:15 2000
Return-Path: <listmanager@xxxxxxxxxxxxxxx>
Received: from mail.thetrellis.net ([208.179.56.11])
by purebytes.com (8.8.7/8.8.7) with SMTP id MAA26524
for <neal@xxxxxxxxxxxxx>; Mon, 10 Jan 2000 12:05:53 -0800
Received: from REALTRADERS.COM
([208.179.56.198])
by mail.thetrellis.net; Mon, 10 Jan 2000 10:53:57 -0800
Received: from zianet.com by realtraders.com
with SMTP (MDaemon.v2.8.5.0.R)
for <realtraders@xxxxxxxxxxxxxxx>; Mon, 10 Jan 2000 10:49:42 +0000
Received: (qmail 16007 invoked by alias); 10 Jan 2000 18:52:27 -0000
Delivered-To: alias-outgoing-realtraders@xxxxxxxxxxxxxxx@outgoing
Received: (qmail 15964 invoked from network); 10 Jan 2000 18:52:26 -0000
Received: from ruidoso0007.zianet.com (HELO p13301) (207.66.42.16)
by zianet.com with SMTP; 10 Jan 2000 18:52:26 -0000
Message-ID: <078b01bf5b9b$bd156e20$8eceead8@xxxxxx>
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: "<realtraders@xxxxxxxxxxxxxxx>"
<realtraders@xxxxxxxxxxxxxxx>
References: <1b.1b3a3d70.25ab6bcb@xxxxxxx> <071f01bf5b92$28656630$8eceead8@xxxxxx>
Subject: [RT] Another bull flag - ND
Date: Mon, 10 Jan 2000 11:51:33 -0700
MIME-Version: 1.0
Content-Type: text/plain;
charset="Windows-1252"
Content-Transfer-Encoding: 7bit
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 5.00.2919.6600
X-Mimeole: Produced By Microsoft MimeOLE V5.00.2919.6600
X-MDaemon-Deliver-To: realtraders@xxxxxxxxxxxxxxx
X-Return-Path: eadamy@xxxxxxxxxx
Sender: listmanager@xxxxxxxxxxxxxxx
X-MDMailing-List: realtraders@xxxxxxxxxxxxxxx
X-MDSend-Notifications-To: listmanager@xxxxxxxxxxxxxxx
Reply-To: eadamy@xxxxxxxxxx
Status:
For the truly adventureous (I'm not), there is a nice bull flag on the
10 minute March ND/NQ this morning which could be good for up to 300
points! Those trading the long side of bonds might want to have a look
and consider if you want to run for cover.
Earl
|