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I wonder if numerous data feeds are necessary to be a great trader. I have used the same data feed since 1989 and been upset on several occasions by what it sometime lacked. I don't believe
that even two people using the same data feed will have exactly the same charts or receive the data at exactly the same time. In fact in many cases the data that is received is sent out of
sequence from the actual trades. After years of experience one learns that a good system and an experienced and knowledgeable trader will work profitably under such conditions.
As for divulging a system, many are proprietary, as mine is. I do not think that it is necessary to post trades so that someone else can either ridicule or take advantage of a situation. I
have posted targets for certain indexes or stocks and after they have reached those targets, someone comes on and posts some ridiculous method and says that the answer was easy to come by.
There are those that are quick to ridicule something they don't understand or couldn't do by themselves. Anyone can come up with something after the fact. People are quick to judge and
often wrongly.
I am willing to give advice. To help someone to get started in the right direction, but I am not willing to give away a system it took me time and money to develop. There are those that feel
this is wrong. I don't see it that way. It is true in many cases, you get what you pay for. Like in every walk of life there are frauds, thieves and charlatans. In everything it is a buyer
beware situation. Some will say show me your trades and then I will believe your system works. How does the student know that he is learning the system that the trader is using? He is
taking that on trust. He could be using a proprietary system and teaching you Gann, Eliot or any number of other systems. If you don't have faith in the mentor, don't pay the money. If the
mentor won't give you follow-up help, don't pay the money. Most systems take time to learn and apply. If the mentor won't help you solve your problems as you go along then you have been
short changed. That doesn't mean that the mentor has to trade for you or give you trades, it does mean that if you have a problem with interpretation that you should be able to send it to the
mentor and get a response in a reasonable period of time. This type of mentoring is usually not a free service.
There are many of us who teach people to trade. It is up to the potential student who is looking for a mentor to make a selection that suits his/her personality. It is the trader that makes
the system work. Like anything else in life it takes time and practice to become good at anything. I wish all a profitable week. Ira.
Daniel Watkins wrote:
> rakesh:
>
> i disagree. clyde has implied that having more data and spending more
> money on data is a sine qua non for good trading. my aristotelian logic
> leads me to conclude that, since he claims to subscribe to and use the
> best data feeds, he must be a good trader, if this premise is accurate.
>
> i simply do not believe it and i do not believe he can pre-post profitable
> trades. i see nothing untoward in asking for proof of same, given the
> thread herein discussed.
>
> bs walks; profitable trades talk.
>
> let's see 'em.
>
> dw/humble1
>
> On Sun, 15 Jul 2001, Rakesh Sahgal wrote:
>
> > Randall,
> >
> > Asking Clyde to post his trades is digressing from the issue and you are
> > right in pointing out that such a request need not be entertained by him.
> >
> > Why should he respond so disparagingly to Ketayun's request however is
> > beyond me? A list member seeks guidance, if you can guide the member fine,
> > if not fine again, where is the need to fly off the handle?
> >
> > If he wanted to advise her that she should seriously consider incurring
> > this expense, to better the quality of her decision making inputs , was it
> > necessary for him to run down folks who are not incurring the kind of
> > expense he is incurring?
> >
> > Rakesh
> >
> > At 10:19 AM 7/15/01 -0400, you wrote:
> > >Clyde has done more than most to share knowledge, information, and code with
> > >others on this list and many more. Anyone who says otherwise is completely
> > >wrong. Why should he post his trades in advance? He's given everything
> > >needed to follow his methods and now you want the trades spoon-fed to you
> > >also?
> > >
> > >He has a right to express his views and there is a lot of truth to what he
> > >says. If you can't afford to play the game then best not to play. If you
> > >want free data you will get exactly what you pay for. If that is what you
> > >want to base your trading decisions on then save yourself lots of time and
> > >give the money to charity.
> > >
> > >Randall
> > >
> > >----- Original Message -----
> > >From: "Daniel Watkins" <watnetd@xxxxxxxxxxxxxxxxx>
> > >To: <realtraders@xxxxxxxxxxxxxxx>
> > >Sent: Sunday, July 15, 2001 10:34
> > >Subject: Re: [RT] free eod data
> > >
> > >
> > > >
> > > > well done, ketayun. the richest people i know pay the least for info.
> > > >
> > > > maybe clyde could post some real time swing trades in advance and we will
> > > > see how much his wealth of information helps him.
> > > >
> > > > dw/humble 1
> > > >
> > > >
> > > > On Sun, 15 Jul 2001, Ketayun wrote:
> > > >
> > > > > Clyde,
> > > > >
> > > > > I am sorry that you feel the need to make disparaging comments about my
> > > > > request for info re: free eod service. Not all of us have had the
> > > > > benefit of being sponsored and supported by a wealthy patron as you have
> > > > > already admitted was your good fortune.
> > > > >
> > > > > Being a single mother, trying to learn a new trade, I do subscribe to
> > > > > as many services as I can afford. It is my understanding that this forum
> > > > > is for the purpose of sharing and supporting each other to be more
> > > > > successful in this business. Wonder under which catagory I should file
> > > > > your patronising and withering comments?
> > > > >
> > > > > Ketayun
> > > > >
> > > > >
> > > > >
> > > > >
> > > > > Clyde Lee wrote:
> > > > >
> > > > > > I really do not understand this constant requestby people for "FREE"
> > > > > > data (eod or otherwise). I pay PINNACLE data for EOD data covering
> > > > > > most ofthe significant commodities worldwide (cost is
> > > > > > veryreasonable). What I get also covers most importantindices. I pay
> > > > > > WORDEN Brothers (tc2000) for daily stock dataand a wide variety of
> > > > > > index data and it is reasonable(something less than $30/month) I pay
> > > > > > Quote.com for realtime and historical data andunfortunately this is a
> > > > > > bit more expensive ($80/mo). I also pay TradestationPro for realtime
> > > > > > and historicaldata while I make up my mind about QC or TSPro as away
> > > > > > to go (about $100/mo). If you can't afford to pay for the work that
> > > > > > peopledo to acquire and distribute data then for goodnesssake be
> > > > > > satisfied with whatever you can get fromYAHOO. I really do get upset
> > > > > > when people are not willing topay for the very basic elements of
> > > > > > system tradingwhich is DATA ! ! ! ! ! ! Clyde - - - - - - - - - - - -
> > > > > > - - - - - - - - - - - - - - - -
> > > > > > Clyde Lee Chairman/CEO (Home of SwingMachine)
> > > > > > SYTECH Corporation email: clydelee@xxxxxxxxxxxx
> > > > > > 7910 Westglen, Suite 105 Office: (713) 783-9540
> > > > > > Houston, TX 77063 Fax: (713) 783-1092
> > > > > > Details at: www.theswingmachine.com
> > > > > > - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> > > > > >
> > > > > > ----- Original Message -----
> > > > > > From: ketayun
> > > > > > To: realtraders@xxxxxxxxxxxxxxx
> > > > > > Sent: Saturday, July 14, 2001 19:05
> > > > > > Subject: [RT] free eod data
> > > > > > Hi,
> > > > > >
> > > > > > Would anyone please be able to suggest a site that provides
> > > > > > free EOD's
> > > > > > including historical?
> > > > > >
> > > > > > Also, does metastock rt work with Qcharts?
> > > > > >
> > > > > > Thanks for any help.
> > > > > >
> > > > > > Ketayun
> > > > > >
> > > > > >
> > > > > > To unsubscribe from this group, send an email to:
> > > > > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > > > > >
> > > > > >
> > > > > >
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> > > > > > Service.
> > > > > >
> > > > > >
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> > > > > >
> > > > > >
> > > > > >
> > > > > > Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > >
> > > >
> > > > To unsubscribe from this group, send an email to:
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> > > >
> > > >
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> > >
> > >
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> > >
> > >
> > >
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> > Rakesh
> > Sahgal
> > C
> > -165(1st Floor), Greater Kailash - I,
> > New
> > Delhi - 110 048
> > India.
> > Tel.:
> > 91-11-647-6462,91-11-643-0010
> > eMail:
> > rakeshsahgal@xxxxxxx
> > rsahgal@xxxxxxxx
> >
> >
> > Rakesh Sahgal
> > Online Status:
> > <http://eudora.voicecontact.com/vc3/index.html?rakeshsahgal%40eth.net><http://eudora.voicecontact.com/vc3/index.html?rakeshsahgal%40eth.net><http://www.eudora.com/products/voicecontact/>
> >
> >
>
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>
>
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