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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: Paul Beattie who wrote (1443)	6/12/1997 2:14:00 AM
From: Bill Sandusky	of 3325

Hello Paul, Paper trading is very important in my judgement even though there's no way to bring in ones emotions. I once lost 42% of my money in 39 short minutes while away from my computer having lunch with my daughter. Seems Dan Dorfman blasted a couple stocks in my portfolio. It was my third day as a full time trader using "real" dollars. Not sure I could have overcome the emotional stress had I not had extensive experience paper trading three portfolios. Based on this experience I knew I could come back and have. What caused the hugh loss was lack of diversification. Richard helped me realize a "shortcoming" of TradeStation (SuperCharts) when plotting the BradCCI. Seems the "first" indicator plotted determines the scale. As it happened, the scale was based on Plot1 (large scale) and made the stddev line appear as a straight line even though the values were reflected correctly.. Can overcome this by making two separate plots and making sure you plot the stddev first. From this point forward everything is normal. Let me know how things go with your testing. Looking forward to meeting you in Jersey. Regards, Bill

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