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Walter,
I read with interest what you have written. In past posts you have
expounded upon market inefficiencies. Would you please elaborate. Are you
defining inefficiences by fundamentals? Price patterns? How do you, as a
trader, determine when a market, sector, stock, any tradable or group of
tradables is inefficient. If you prefer, e-mail me direct at
altag@xxxxxxxxxxx
Thank you.
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> From: Walter Lake <wlake@xxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Increasing the MetaStock(R) Formula Language with MetaStock
7
> Date: Friday, November 05, 1999 8:47 AM
>
> Hi Daniel and others
>
> You wrote "... the average full-time trader wants to make money ..."
>
> The questions arises, does studying TA, developing systems, learning
Elliot
> Waves make money? I don't think so.
>
> It is an identified market inefficiency that makes the money for you. If
you
> trade where there is no identified market inefficiency, no amount of
> programming, TA, study etc. will make money for you. Unfortunately that
is
> the case with most traders and Metastock users.
>
> Once a market inefficiency has been identified, often very simple
analytical
> tools will be used in the trading system. Then there is lots of time for
> programming and automating the system.
>
> Learning to program is necessary, I believe, because with most of the
market
> inefficiencies that I have seen traders trading, there are usually no
> publically available programs.
>
> Unfortunately, all the retail charting programs point the new investor /
> trader into the promised land of TA and not towards discovering market
> inefficency areas that the professional traders base their business on.
>
> Best regards
>
> Walter
>
> -----
> From: Daniel Martinez
> To: metastock@xxxxxxxxxxxxx
> Sent: Thursday, November 04, 1999 10:08 PM
> Subject: Re: Increasing the MetaStock(R) Formula Language with MetaStock
7
>
>
> I concur. Learning to program is a complicated process. I don't want to
> put a damper on the celebrations here, but becoming proficient at
> programming could take up to a year. That is, of course, if you were to
> spend at least 2 hours a day on VB. It's hard enough to learn how to
> program in VBA, now we are expected to program in full VB? I think not.
> Maybe when I'm not full-time trading, not system testing, not learning
new
> TA methods, not learning Elliot Wave...
> Fact is, the average full-time trader wants to make money, not learn how
to
> program VB. I think a more efficient route would be for Equis to create
a
> program similar to RadarScreen to track large numbers of stocks in
realtime.
> I have been tracking a (much smaller) group of stocks delayed and this is
> definitely a way to spot moving stocks during the day.
> Just my 2¢,
> Daniel.
>
> Walter Lake wrote:
> Don
> What you say makes perfect sense ... the installed base of VB and Excel
is
> huge. What is this "Power Basic" nonsense to mainstream users ... just
more
> "not really being helpful stuff" to confuse and complicate the issue?
> Let me know when your program is ready. I'd be glad to work with someone
who
> is trying not "trying".
> Best regards
> Walter
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