|
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>
<META content="MSHTML 5.00.2314.1000" name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT face=Arial>Most of the traders I have met would love to find the Holy
Grail system and, without emotions or tears, take every trade and come out on
top. But none that I know have the either the capital, nor the ability, to
commit to such stringent parameters for position trading. </FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>Consequently, they either use software packages which
allow them to trade with some system or other - be that EW, Gann, or through a
set of indicators - and hope they can trade within their means, which are
usually fairly meagre. Most try a number of different instruments,
in an attempt to spread their bets - rather like the roulette player across the
table.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>But, one by one, they come to realize that there is no
Holy Grail system on the market and that, worse still, all the other concepts of
waves or star gazing, or even simple moving averages, for forecasting where the
market is going to go don't work for very long, if at all. As for using
all the fundamentals - well that is for the big houses, with multi-millions and
hedging their positions, etc.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>The only thing the small guy, with limited funds can do is
learn to trade the leading edge of the market, by following the price
action. By definition that means day trading. Futhermore, it means
only using the very liquid markets with a daily range and movement that is
consistent with their ability to withstand drawdowns that their account will
allow. Not easy!</FONT></DIV>
<DIV><FONT face=Arial></FONT> </DIV>
<DIV><FONT face=Arial>Now, clever people with sophisticated computer programs
and all the other factors necessary to trade a system, with all its
implications, have to have a bank account or other people's money of sufficient
size to trade. Most on this list are individual traders who
don't have the money or systems. If they cannot trade with
discretion, they cannot trade at all.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>Therefore, it follows that effective means of day trading
is for the little guy and systems, indicators et al, are for those who,
shall we say, live to play, rather than play to live.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>Fortunately, for the small guy, there are no off-the-shelf
systems that you can plug in and run on a computer - at least none that cannot
be spotted pretty quickly as being very iffy (anyway the owners wouldn't be
selling them, they would be just using them!). So, once he has got
passed the looking for the Holy Grail and systems, the only thing left to do is
to learn to trade in the old fashioned way - by seeing what is happening, as it
is happening, against a set of pretty univeral means of defining the parameters
of a market. </FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>Fortunately, for the big guy, there are plenty of
off-the-shelf systems, etc, etc and if they apply themselves with right amount
of capital behind them (either theirs or other people's) they can succeed -
probably for quite a while and, in any case, long enough to crow about it in
various ways.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>So in conclusion, I would warn anyone against day trading,
until they have paper traded and understood what they are doing, but by the same
token, don't bother to position trade unless they have considerable money to
play with. Finally, I am sure that there is no contest between the
two, it is just that one concept is for one thing, while the other is for
another. Understanding this may save a lot of money and
heartache... </FONT></DIV>
<DIV><FONT face=Arial></FONT> </DIV>
<DIV><FONT face=Arial>The fact is that computerized systems and indicators lag
the market, but price action and the brain don't! </FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>Bill Eykyn</FONT></DIV>
<DIV><FONT face=Arial><A
href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A></FONT></DIV>
<DIV> </DIV></BODY></HTML>
</x-html>From ???@??? Mon Jan 24 13:34:31 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 OAA04602
for <neal@xxxxxxxxxxxxx>; Mon, 24 Jan 2000 14:39:32 -0800
Received: from REALTRADERS.COM
([208.179.56.198])
by mail.thetrellis.net; Mon, 24 Jan 2000 13:32:27 -0800
Received: from hula2.maui.net by realtraders.com
with SMTP (MDaemon.v2.8.5.0.R)
for <realtraders@xxxxxxxxxxxxxxx>; Mon, 24 Jan 2000 13:27:27 +0000
Received: from Troy (tp-711.adsl-01.pacificglobal.net [192.216.139.121])
by hula2.maui.net (8.9.3/8.9.3) with SMTP id LAA54605
for <realtraders@xxxxxxxxxxxxxxx>; Mon, 24 Jan 2000 11:29:56 -1000 (HST)
Message-ID: <000a01bf66a1$5e2c69c0$798bd8c0@xxxxxxxx>
From: "wallst" <wallst@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Subject: [RT] Little mind games
Date: Mon, 24 Jan 2000 11:29:42 -0800
MIME-Version: 1.0
Content-Type: multipart/alternative;
boundary="----=_NextPart_000_0007_01BF665E.4ED368E0"
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 5.00.2314.1300
X-MimeOLE: Produced By Microsoft MimeOLE V5.00.2314.1300
X-MDaemon-Deliver-To: realtraders@xxxxxxxxxxxxxxx
X-Return-Path: wallst@xxxxxxxx
Sender: listmanager@xxxxxxxxxxxxxxx
X-MDMailing-List: realtraders@xxxxxxxxxxxxxxx
X-MDSend-Notifications-To: listmanager@xxxxxxxxxxxxxxx
Reply-To: wallst@xxxxxxxx
Status:
<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>
<META content="MSHTML 5.00.2314.1000" name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT size=2>To all RT's</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Interesting little thing I did today. After
running a trade early this morn, I got a message from my broker saying that the
globex was down and that orders would be entered manually. Usually when
things like that happen, I tend to stay out just due to the uncertanty of how
your orders would get into the market. However many times even though as I
choose to stay out, I start to get tempted to trade when a signal comes, which I
usually end up kicking myself as I said I would not run any trades.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Well today, when that icky poo feeling started to pop up, I
got so fed up, took a sticky and stuck it right in the middle of my monitor as a
reminder of not to trade. Interestingly enough, that kept me from trying
to enter anything else every time the thought entered my mind.
Unfortunatly however today the market cracked and I would have made some pretty
good profits today if I did trade. Let me take that back, not so unfortunate as
I stuck to what I wanted to do.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Point Im trying to make here is, how many times have you told
yourself you would or would not do somthing and then do or not do that very
thing? As simple as the little post it was, it was nevertheless still very
effective! </FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>1) It's just an idea but the post it note worked
great! </FONT></DIV>
<DIV><FONT size=2> </FONT></DIV>
<DIV><FONT size=2>2) Don't forget sometimes SIMPLICITY is the best
solution. </FONT></DIV>
<DIV> </DIV>
<DIV> </DIV></BODY></HTML>
</x-html>From ???@??? Mon Jan 24 12:57:17 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 NAA00516
for <neal@xxxxxxxxxxxxx>; Mon, 24 Jan 2000 13:16:58 -0800
Received: from REALTRADERS.COM
([208.179.56.198])
by mail.thetrellis.net; Mon, 24 Jan 2000 12:10:28 -0800
Received: from lima.epix.net by realtraders.com
with SMTP (MDaemon.v2.8.5.0.R)
for <realtraders@xxxxxxxxxxxxxxx>; Mon, 24 Jan 2000 12:05:28 +0000
Received: from hallock (lwby-199ppp240.epix.net [205.238.199.240])
by lima.epix.net (8.9.3/8.9.3/1999100101/PL) with SMTP id PAA10418;
Mon, 24 Jan 2000 15:07:44 -0500 (EST)
From: "Hallock" <hallocd@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Subject: [RT] Re: (RT) FTR: Crude Oil
Date: Mon, 24 Jan 2000 15:10:34 -0500
Message-ID: <01bf66a7$125cb3a0$f0c7eecd@xxxxxxx>
MIME-Version: 1.0
Content-Type: multipart/alternative;
boundary="----=_NextPart_000_0021_01BF667D.2986ABA0"
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 4.71.1712.3
X-MimeOLE: Produced By Microsoft MimeOLE V4.71.1712.3
X-MDaemon-Deliver-To: realtraders@xxxxxxxxxxxxxxx
X-Return-Path: hallocd@xxxxxxxx
Sender: listmanager@xxxxxxxxxxxxxxx
X-MDMailing-List: realtraders@xxxxxxxxxxxxxxx
X-MDSend-Notifications-To: listmanager@xxxxxxxxxxxxxxx
Reply-To: hallocd@xxxxxxxx
Status:
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//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"><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN"><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<META content='"MSHTML 4.71.1712.3"' name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT color=#000000 size=2>Hi,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>I spoke with my fuel oil deliveryman yesterday because I was
amazed that he was delivering me oil on a Sunday. He told me I would be
glad he came because the price of my delivered oil was going from $1.39 to $1.60
today.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>There are a lot of little wars going on in the
Middle-East/Asia region and I can't help but think this has some bearing on
Crude prices. <FONT color=#000000>OPEC </FONT>agreements have meant little
in the past.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Pete Hallock</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Jack Higgins <<A
href="mailto:jfh37@xxxxxxxxxxxxxxxx";>jfh37@xxxxxxxxxxxxxxxx</A>><BR><B>To:
</B><A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A>
<<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A>><BR><B>Date:
</B>Monday, January 24, 2000 9:26 AM<BR><B>Subject: </B>[RT] (RT) FTR: Crude
Oil<BR><BR></DIV></FONT>
<DIV>Got a automatic delivery of heating oil at 9:30 Sunday morning at my
home. Throughout the day the oil trucks were out in force in my area making
deliveries. I take this to mean one of two things, either I have a very
conscientious oil company that likes to work on Sunday mornings, or the
correction from the sharp run-up in prices is at hand.</DIV>
<DIV> </DIV>
<DIV>Jack</DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Mon Jan 24 13:24:16 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 OAA03807
for <neal@xxxxxxxxxxxxx>; Mon, 24 Jan 2000 14:21:50 -0800
Received: from REALTRADERS.COM
([208.179.56.198])
by mail.thetrellis.net; Mon, 24 Jan 2000 13:14:46 -0800
Received: from iglou.com by realtraders.com
with SMTP (MDaemon.v2.8.5.0.R)
for <realtraders@xxxxxxxxxxxxxxx>; Mon, 24 Jan 2000 13:09:12 +0000
Received: from [204.255.236.111] (helo=fghfg)
by iglou.com with smtp (8.9.3/8.9.3)
id 12Cqlx-0006LJ-00; Mon, 24 Jan 2000 16:11:43 -0500
Date: Mon, 24 Jan 2000 16:11:27 -0400
To: <realtraders@xxxxxxxxxxxxxxx>
From: "Sentinel" <rjbiii@xxxxxxxxx>
Importance: medium
Priority: normal
X-Mailer: IBM Internet Messaging Framework
Message-Id: <948748287-0-rjbiii@xxxxxxxxx>
X-MIME-Engine: v0.58
Subject: [RT] Re: Relative Strength Ranking
MIME-Version: 1.0
Content-Type: text/plain; charset=ISO-8859-1
Content-Id: <948748287-1-rjbiii@xxxxxxxxx>
Content-Transfer-Encoding: 8bit
X-MDaemon-Deliver-To: realtraders@xxxxxxxxxxxxxxx
X-Return-Path: rjbiii@xxxxxxxxx
Sender: listmanager@xxxxxxxxxxxxxxx
X-MDMailing-List: realtraders@xxxxxxxxxxxxxxx
X-MDSend-Notifications-To: listmanager@xxxxxxxxxxxxxxx
Reply-To: rjbiii@xxxxxxxxx
Status:
I subscribe to Dail Graphs on line that provides all the Rankings in the IBD on
a nightly basis from the Report Button in their program, the reports export
directly to Excel or Lotus 123, or tab delimited text, where they can be sorted
and tracked, and saved for your use. I have a huge Lotus data base of these
reports.
I have no attachment to William O'Neil co. I am just a happy user.
____________________Reply Separator____________________
Subject: [RT] Re: Relative Strength Ranking
Author: listmanager@xxxxxxxxxxxxxxx
Date: 01/24/2000 3:38 PM
John
Are you looking for the RS as in IBD? If so you can
check out www.stocktables.com and
www.tradingmarkets.com. The two sites provide a
screen for determining the RS for the stocks.
I hope this helps.
JS
--- jdfo <jdfo@xxxxxxxxx> wrote:
> Any Real Trader know of a web site where I can find
> the Relative Strength
> Rankings (RS) of all stocks?
>
> Many thanks.
> John O
>
>
>
__________________________________________________
Do You Yahoo!?
Talk to your friends online with Yahoo! Messenger.
http://im.yahoo.com
|