|
PureBytes Links
Trading Reference Links
|
Perhaps a definition of terms is needed. There is no way that I will
believe that "very little developed lately has not been based upon
the past".
1. New theses that were done as far back as 1969 showed no papers
done on the price movement from OTC/Nasdaq to the Americam Stock
exchange until 1969.
2. Ditto, the same price movement from OTC to NYSE until 1970.
3. 10,000,000 shares used to be a big day in 1969 on the NYSE. That
amount of volume movement could not have the same significance as
today. Price volume patterns had minimal relevance overall then.
I could go on with over a hundred potential theses from 1969 to now
not attached to the past that I can create as research scenarios.So
likely can any one of you. But the gist is above.
Plus all of us are not on the same learning curve nor appreciate the
others tools.
I do not say the past is not useful...just that some of it is not
always relevant...and no I speak not of the sacred cows like Gann,
Graham, etc.
No one, to my knowledge has truly studied the screens that I use to
choose uncovered puts and calls...and yes, it may have been
done...but no two people even in this list seem to do any certain
method exactly the same.
No one may have studied what others have done as individuals either.
So to just broadbrush the whole investment scenario in such a way
that there is "nothing new" is pure hogwash.
If what you have works, work it...but do not confuse the creativity
of many people who try new ideas for systems, stock trading or
whatever and merely dismiss them.
My background tells me that there is an infinite way to structure
molecules to create new substances...as are there an infinity of ways
to structure making money.
John
------------------ Reply Separator --------------------
Originally From: "EarlA" <earl.a@xxxxxxxxxx>
Subject: Re: [RT] Wheel Reinvention?
Date: 01/07/2003 11:05am
The mathematical can smooth and obscure the true price action ... one
needs
to learn to read and interpret the price and volume patterns. I'm not
saying
that the math is not useful, however the best clues are generally
found in
price and volume patterns.
Earl
----- Original Message -----
From: "ira" <mr.ira@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, January 07, 2003 9:21 AM
Subject: Re: [RT] Wheel Reinvention?
> Trading is a constant educational challenge and there are a lot of
things
> that are being developed and tested because of the computers
ability to
> process data rapidly. The thing that is bogging down a lot of
traders is
> just that fact. Their ability to process data. In trading
technically
the
> visual is as important as the mathematical. The mind sees in
pictures not
> in numbers or words. One of the reasons that numbers are turned
into
> graphics. The object is to have an open mind to the new, but also
to
> appreciate all the work that has gone before. There is very little
that
has
> been developed lately that is not based upon what has been done in
the
past.
> People just fool with the interpretation most of the time.
> ----- Original Message -----
> From: "John Cappello" <jvc689@xxxxxxx>
> To: "gphx" <gphx@xxxxxxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, January 07, 2003 5:41 AM
> Subject: [RT] Wheel Reinvention?
>
>
> >
> > FWIW
> >
> > 1. Time heals all economic wounds whether they be excesses on the
> > long are short side...or just boring sideways.
> >
> > 2. The concept that nothing has changed in making money in the
> > investment world and making money now is about as sane as there
have
> > been no technology changes.
> >
> > 3. Yes, old methods work...but so do some new methods and
ideas...I
> > and others are open to both and would not like to see people fear
> > posting because what they say may be unpopular.
> >
> > My hats off to people with an open mind and not out to castigate
> > everything presented either as a concept or what an individual is
> > proud of.
> >
> > Sincerely,
> >
> > John
> >
> >
> >
> > ------------------ Reply Separator --------------------
> > Originally From: "gphx" <gphx@xxxxxxxxxxxxx>
> > Subject: Re: [RT] Which wheel???
> > Date: 01/07/2003 01:03am
> >
> >
> > Message'Time is more important than price. When time is up, the
> > market will move, regardless of whether the price target was
> > reached'. - W. D. Gann
> >
> > Just a thought.
> >
> > Darrin
> >
> > ----- Original Message -----
> > From: Sean Cassidy
> > To: realtraders@xxxxxxxxxxxxxxx
> > Sent: Monday, January 06, 2003 6:29 PM
> > Subject: [RT] Which wheel???
> >
> >
> > Thats a bit of my issue as well. If you are willing and able to
do
> > the work, it is still hard to know which direction to pursue. I
think
> > that given current market conditions, my most likey avenue of
succes
> > would be to trade a market or markets, probably not the S&P, 5 to
7
> > times a day. But there are so many varied opinions out there, its
> > hard to tell which are valid and which may be less effective.
Without
> > getting defensive, it reminds me of the PC issues I had a few
weeks
> > ago. I had responses taking me in about 10 directions (all
> > constructuve, and I appreciate that) and it turned out that my pc
was
> > just clogged, reinstalling windows 98 seems to of fixed the
problem.
> > In short, I still am not sure exactly what direction to
> > pursue....although price action seems to be my preffered method.
Any
> > advice will be appreciated.
> >
> > SMC
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
> >
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
>
>
>
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|