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<SPAN
class=440492720-20102000>Gene
<SPAN
class=440492720-20102000>
You
can open up a special account at Fidelity and others that offer checking, debt
cards and the option to move your money between money market, bond, and stock
funds. I did this for awhile.
<SPAN
class=440492720-20102000>
Now I
keep $100,000 in a high interest bearing checking account at my local bank with
a second low interest checking account with Visa and Master charge cards to
handle my regular bills. The $100,000 is my extreme emergency fund in case
the brokers and mutual fund companies go bust (very unlikely of
course).
<SPAN
class=440492720-20102000>
<SPAN
class=440492720-20102000>neo
<FONT face=Tahoma
size=2>-----Original Message-----From:
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Gene RicciSent: Friday, October 20, 2000 3:29
PMTo: metastock@xxxxxxxxxxxxxSubject: How do I separate
myself???
Michael, I like your plan!!! Where do you put
the money that you don't trade? Don't mean to be personal but that may be the
key to unraveling the use of tools to 'play with' versus using tools to 'get
rich'.
I would like to follow your lead but don't
have the answers as to where to put the money that I need for income and other
retirement needs.
Thanks,
Gene
----- Original Message -----
From: <A
href="mailto:mslist@xxxxxxxxxxxxxxxx";
title=mslist@xxxxxxxxxxxxxxxx>michael
To: <A href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx
Sent: Friday, October 20, 2000 9:58 AM
Subject: RE: Advanced Get versus MetaStock
I'm
afraid I don't agree that Art is just an exceptional skill. Art is
emotional as much as skill. TA is business. How do I separate
myself??? When I started trading I took my allotted money and had a
small goodbye ceremony. I told myself and my spouse that it was
gone. I never added or subtracted to it, it's just gone. I don't depend
on it for income and I am not counting on it for retirement or anything
else.
<FONT color=#0000ff face=Arial
size=2>
My
philosophy is to let the other guy make the emotional mistakes. TA and
trading in general is business. One list writer recently said that he
didn't go long the market because he doesn't work anymore even though his
system gave him a bull signal. That was an emotional decision. My
systems work. I know they work because I have tested them and proven
them with my own cash. They are based on sound fundamental
reasoning. One of the systems I use said to buy at the
money OEX index puts on OCT 3rd and sell it on OCT 13. It then said
to buy another put on the morning of the 17th and sell in the morning of the
18th. I am now as of this morning long OEX options. Needless
to say I've had a great month. And I didn't have to make any emotional
decisions because the money is gone. I should also mention that after 2
years the dissapearing money is up 600+ percent. The funny thing is I
have lost more than I've won. But I know how to manage losers and let my
profits run.
<FONT color=#0000ff face=Arial
size=2>
<FONT color=#0000ff face=Arial
size=2>While I would love to take credit for the systems I can't. I
owe most of it to Don Fishback. I can take credit for learning the
methods and for having rid myself of the emotional baggage that may have
swayed me away from huge gains.
<FONT color=#0000ff face=Arial
size=2>
I
won't disagree that money management has a great deal to do with it... but
even money management can be effected by emotional decisions if you let
it.
<FONT color=#0000ff face=Arial
size=2>
<FONT color=#0000ff face=Arial
size=2>Michael
<FONT color=#0000ff face=Arial
size=2>
<FONT face=Tahoma
size=2>-----Original Message-----From:
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Giancarlo GaydouSent: Friday, October 20, 2000 10:51
AMTo: metastock@xxxxxxxxxxxxxSubject: RE: Advanced Get
versus
MetaStockMichael,
how can you be so sure to be absolutely free from yourself (psyche & body
influence each other), I would say that I'm alwaysworking to better tune
this independence, and I'm learning to "find" the right tools to reach the
goal, right for me perhaps not for another.But I repeat Money + Risk /
Management are the best tools I've found up-today.Art is a synonym of
superior skill - or better: the superior ability that is attained by
study and practice and observation (Webster),but if you like I'll call it
just skill.ggAt 08:24 AM 20/10/2000 -0400, you wrote:<FONT
color=#0000ff face=arial size=2>
I agree that TA is not an art. Art
suggest conveying feelings and emotions. Many of us know that if you
have either of these things in your trading, you will make irrational
decisions. TA is a skill. You must learn how to read the numbers
and determine sentiement from them. <FONT color=#0000ff
face=arial size=2>Michael-----Original
Message-----From: owner-metastock@xxxxxxxxxxxxx [<A
href="mailto:owner-metastock@xxxxxxxxxxxxx%5DOn";
eudora="autourl">mailto:owner-metastock@xxxxxxxxxxxxx]<A
href="mailto:owner-metastock@xxxxxxxxxxxxx%5DOn"; eudora="autourl">On
Behalf Of Giancarlo GaydouSent: Friday, October 20, 2000 5:55
AMTo: metastock@xxxxxxxxxxxxxSubject: Re: Advanced Get
versus MetaStockAt 02:32 AM 20/10/2000 +0100, you
wrote:
A childs dream is easely full filled.
gg> at last!! we know the reason of your
satisfaction about your trading methods, even if from the Ph of your
mails nobody would
tell.
It's the hard-core TA that
we're after, not softies stuff.gg> sounds like
the epic side of TA.
TA is NOT an art !!!!. If
your aim is also to get right to the scientifical (and therefore
evidential) bottom of it.gg> if you bother
yourself to read my mail there was something about 8th grade math, 8th
grade math doesn't mean the math for 13
years old school boys, ask around and you'll have a long way to go in front
of you, long enough to forget the "Fibonacci
/ Bartjens / Gann / Elliott" stuff. If you
don't get there TA it is an ART because in TA there is nothing
scientifically sound or proved, you play
with probabilities, the only edge that you have is:
Q - how many times in the past there was
a scenario like this one ? A - 20 times in
10 years of data. Q - what was the
behavior of price the following day (W/M/Y)
? A - 13 times went up and 7 times went
down. Decision: since the probabilities
are on the up side (and my assessment of the scenario with the help of what
ever oscillators / indicators / levels /
cycles / moon / sun it's positive) I'll go
long. Can't see anything difficult
there, what is really difficult it's to apply stop loss and risk / money
management in a MATHEMATICALLY sound way
so to end up making money, but the scientifically sound is the risk/money
management not TA, and the decision to go
long/short it is SUBJECTIVE, so it has only to do with your sensibility in
assessing that 13 Vs. 7 today is a good
edge. Some
readings: Pole, West, and Harrison
(1994), Applied Bayesian Forecasting and Time Series Analysis.
(Chapman & Hall), Harvey (1989),
Forecasting, Structural Time Series and the Kalman Filter. (Cambridge
University Press) Box and Jenkins (1976),
Time Series Analysis, Forecasting and Control. (Holden-Day)
The first is on Bayesian DLM models,
second is on structural models, and third on classical ARIMA approach. For a
recent survey of stationary econometric
models you could check Clements and Hendry (1998), Forecasting Economic
Time Series. (Cambridge University
Press).
The Bartjens mails+links
that have been posted:"Subject:
Bartjens
Date: Sun, 30 Jul 2000 17:47:04""Subject: Re:
Bartjens
Date: Mon, 31 Jul 2000 03:16:11""Subject: Re:
Bartjens
Date: Wed, 16 Aug 2000 00:52:56""Subject: Re: What options to
sell? Date: Wed, 16 Aug 2000
01:02:17" Must have been posted in one of that
long lasting phases, periods of months in a row, when the List is
moreof an old ladies Chat box instead then that it is used as
what it was set out to be: a MSK or TA discussioning List.(reason you
probably missed the posts !!!).gg> certainly your posts
on the subject didn't stir lots of enthusiastic replays, why not try posting
some recipes of Dutch's baked goods
or knitworks.Have a nice timegg
Regards,Ton Maas<A
href="mailto:ms-irb@xxxxxxxxxxxxxxxx";>ms-irb@xxxxxxxxxxxxxxxxDismiss
the ".nospam" bit (including the dot) when replying.Homepage <A
href="http://home.planet.nl/~anthmaas";>http://home.planet.nl/~anthmaas
----- Oorspronkelijk bericht -----
Van: Giancarlo
Gaydou
Aan: <A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx
Verzonden: donderdag 19 oktober 2000 12:16
Onderwerp: Re: Advanced Get versus MetaStock
Poor Mr. Fibonacci, (that's the right spelling)
he's certainly turning around in his grave, let him RIP.
He didn't know that his theory one day was to be used in TA by
traders, neither he knew that close enough won't be just good
enough.
I guess that if you would spend a little more time to explain the
theory of Mr. Bartjens, maybe only mailing the links were some
documentation could be found, we all may become Mr. Bartjens'
fans.
For the little that I've learned the boys that crunch 8th grade
math do have a fair edge on markets, but from what they say they are
happy
to be "close enough".
FWIW, in this list many good traders have already explained
that:
"No indicator, no oscillator, no FIB's, or what else, works unless
you develop the right feeling about it, but once you have the
feeling anything works"
and to me that mean: Holy Grails & Hens of the Golden Eggs, if
they exists, are well secured in armoured safes, not sold in the shops
for little or big monies.
Beside the above another good remark was mailed here:
"TA it's an ART not an exact science"
and to me that mean: Everybody can buy a fiddle "but" (VB BUT)
only "few" (VB FEW) will be able to master it, a pennywhistle
may
be too much for many.
I'm not so fond of the Fibonacci's theory but some times have
found it "just good enough" because it was "close enough" even closer
than other tools, but always "after" because I don't have
particular feelings about it.
gg
At 02:26 AM 19/10/2000 +0100, you wrote:
Thanks for your contribution. It will be most helpfull to the
many.
There are many ways that can lead one to the room of
glory.
Even the monkeys are capable to make money throwing darts. No
big deal in that !!!.
The incorrect Fibionancy-myth of "figures being relational
to one another" has indeed here on
the List been unraffled before, including that of the further
man-made-ajointed myth of
"mother nature wonders", that either would be caused by it or
that would be related to the myth.
The Mr. W. Bartjens Law shows a straight out correct relation
between the standard figures-set
that was first introduced in the 10 Century, a set that today is
still in use, and the Cyfferringe
(that is the Law) also shows WHY the figures are TRUELY related.
The modern day Decimal** system, that is directly based on the
standard figures-set, provides
-along with its Fractals- the natural relation and rythem
between figures.
Apart from the Decimal system being the natural related figures,
it also has a -now TRUE fair
dinkom evidentual- influencial effect on humans on this
globe that are all using it. Easely the
humans then refer to "halves", "thirds", "quarters" and "tenths"
of something :
-"Oh it only costs halve the original price"
-"Profits have rissen one thirds compared to
last year"
-"The quarterly figures are............"
-"It's only roughly been a ten percent
increase{rise}".
Check the levels derived from splitting "a whole" 100 into the
Decimalic Fractals and then compare to
and find that the from the Fibionancy-myth calculated ones then
"only come close to".
That explains too why one can make money from the Natural Human
support and resistances found
at the above mentioned Fractal levels.
That the Fibionancy-myth calculations then only can come close
to is perhaps benificial to you, but
they are not ever based on the mentioned "natural, relational,
logical, scientifical or on any other fact"
that the myth also tries out everyone to believe.
Check out the previous sent Bartjens mail(s) <FONT
size=2>to find the 1st Group and mail showing why they are
related.
Check the previous sent Fractals Retracements mail(s) to find
the Natural Human support + resistance
levels equivelant for the financial markets.
Then compare results to the Fibionancy-myth and the myth
is straight out unraffled.
Now place the Fractal Retracements on your Charts and see why
they work, and why the Fibionancies
can only come close to, eg naturaly, since that they are not
"natural, relational, logical, scientifical or
on any other fact"-based or related.
I will let you have the NEXT month to work this all out and
expect you to report back to the List with
example Charts holding the BASED ON FACTS Natural Human support
& resistance levels.
Then if you like, you may still post comparisson results of your
beloved Fibionancy vs the above.
Doubt that anyone is interested in them after seeing both
versions, eg after they have seen
"the Humans have prooven their point" Fractal retracements.
Oh, I forgot, seeing your mail's reference to you trading
Fibionancy as your major trading tool making
50 or 100 trades/month (that would be only 900 (75*12)
trades/yearly !!!!!!!!!) now let me refer to some
of my previously sent stunning trade example mails.
I only trade 50 or 100 trades/year (!!!!!) , most of the time
less, to achieve my bâ ¬loved goal$, and do
so trading REAL TA-tools.
** Decimal system:
-------------------------
Group 1 are the figures 1 up to 9 and where the 0 is niks, nada.
Group 2 are the follow up to 9 figures 10 to 19
Group 3 are the follow up to 10 figures 20 to 29
etcetera etcetera.
Regards,
Ton Maas
<A
href="mailto:ms-irb@xxxxxxxxxxxxxxxx";>ms-irb@xxxxxxxxxxxxxxxx
Dismiss the ".nospam" bit (including the dot) when replying.
Homepage <A
href="http://home.planet.nl/~anthmaas";>http://home.planet.nl/~anthmaas
----- Oorspronkelijk bericht -----
Van: Joe
Duffy
Aan: <A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx
Verzonden: woensdag 18 oktober 2000 13:40
Onderwerp: Re: Advanced Get versus MetaStock<FONT
face=arial>
A.J. Maas wrote;
now based on the Fibionancy-myth, a myth that here
on the List also has been unraffled before.
=================================
I guess I have read the above from you once to often, so I
will comment. You may not be able to make money using Fibonacci.
That has no relation to its use in trading.
I use Fibonacci as my major trading tool. I make 50 to 100
trades per month. I am willing to post a monthly statement, from
NEXT month if you like. If my Fibonacci based trades make money,
you can submit a $1K check to my favorite charity. If they don't,
I will submit one to yours.
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