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Dimitris;
Notice my statement was made as a
probability. One can not exclude the possibility of altruism. Or an
exchange of ideas that profits both parties.
One can test for that.
However the fact, and the point, remains:
signal-to-noise-ratio from advice givers is very low, especially from TV, or
financial websites. When one finds a good "signal", it is worth
noting.
And recheck assumptions often. That is the
message.
Lastly, understand I am subject to my own prime
caveat.
Richard
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
DIMITRIS
TSOKAKIS
To: <A title=amibroker@xxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Thursday, October 31, 2002 11:27
PM
Subject: [amibroker] Re: 3rd logical
alert
--- In amibroker@xxxx...,
"Richard Harper" <rdharper@xxxx...>
wrote:> > I have a lot of rules. The first of which
is, don't trust anyone giving advice where the market is
concerned. Reason is simple. If they knew what they were
talking about, they'd be using it, not talking about it, or selling
it. In fact, when you hear advice, you can assume the opposite is
more likely to be correct. Better just to ignore it, and trust
the charts. Work out your own theories, and backtest. And
recheck assumptions a lot.Richard,It may be your personal opinion,
but it is not the only true statement.I do not have any problem to
improve and share the knowlwdge to make some money from the
stockmarket.Many examples are posted to this mailing list. Every system
presented here means [at least for me] 5 profitable movements before the
announcement.My basic idea is very simple. It is better to make
profits than loosing money like a fool.I am so happy to receive
private mails when some friend added some coins to his acccount usingsome
idea of mine.On the other side, I did not see any problem to buy or sell
when the signal was activated.One of the last examples is the D-ratio
Buy signal for CSCO on Oct8.It was almost ideal: Just one day before the
great CSCO adventure.You could easily be a buyer among the ocean of 170M
shares traded on Oct9 !!!170M shares were available by the sellers.
They have just the opposite idea from this tiny 10-line D-ratio system.
The system produced a +2500% since Jan2000, I follow it since Jan
2002, I waited 8 months to receive the first Buy signal on Aug 1 [!!!]
and still keep it at a +95%.Do you see any [serious] reason not to share
the code ?I posted some details about the recent CSCO downgrade by some
famous analysts.[the main reason for the -7.5% of Oct28]. Since then
the floor presents a different opinion and sends CSCO higher and
higher.Would you prefer to be a victim of these strange "downgrades"
?I see many people here sharing their time and their knowledge. They
do not sell anything, they just share their ideas and improve their
trading knowledge and, perhaps, their profits.Your opinion is notthe
only correct opinion and this is a good coincidence.I feel just fine
to share for free my research and I think some people appreciate it.I
do not try to make up your mind, but I think you have some benefits from
Amibroker list, one of the best available.>In fact, when you hear
advice, you can assume the opposite is more >likely to be correct.I
think my postings about the market situation were correct in general and
confirmed by the next market movements. There will be an exception toyour
rules and this makes me so happy !! Dimitris
TsokakisPost
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