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Strategies & Market Trends : AL is Not a Human Being
QQQ 632.08+0.5%Nov 3 4:00 PM EST
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To: J.T. who wrote (678)11/23/2002 5:24:31 AM
From: Steve Lee  Read Replies (3) of 793
 
entry and exit rules are predetermined before the trade is made

The point at which Al cuts losses depends on the above

Al doesn't consider current trades a rout; he reserves judgement until the trade is closed

the IBM trade is a paper trade. Personally, I am short MSFT and QQQ. I usually maket the same trades that Al does, butnot always. Al is an experimetn, a learning process but overall this year has madde me money despite some bad trades. That's life! The IBM trade in particular was more experimental than most, and that was noted in the post at the time Al made the trade.

You were here on this thread giving me a hard time earlier in the year for some trades that were down. Those trades came back, made a profit, and showed Al to be a good trader. You don't visit this thread when Al makes good trades, only on the minority occasions when he has trades underwater.

Here is our last exchange:

In post 509 you asked about stops
In post 510 I told you where the stop was
In post 511 you asked "What went wrong?"
In post 511 You criticosed my stop
In post 511 You asked "Is this the first time All lost all discipline?" even though I had just told you where my stop was
In post 511 You advised me "Hope is a slippery slope"
In post 513 I explained Al's various rules for stops

Then the batch of three trades you were criticising went positive

In post 520 I asked what you thought of my stops. U never replied.
In post 522, referencing your comments on hope, discipline and "worst trade on the board" I said the following:

"Discipline maintained, hope not involved, 9.1% profit booked in well under a month. Have you any idea what kind of annual return that is?"

You never replied. That says a lot about your character.

The purpose of Al is to test ways of making money. Al does a good job of bringing value in that respect. What purpose do you serve; what value do you bring? Why are you here?
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