| | | Hi Twaddle.
Welcome to the Ted Warren board.
From what you shared with us about you style of trading, I think you will like the occasional comments by Robert Furman on this board. Bob is the person that I2000 was referring to when he said that we have one member that actually met Ted. That was back in the 70's, I think, when Bob was in college. Ted spoke at a meeting of Bob's investors club at the college he attended and Ted's methods were how Bob got his start for the most part. Bob uses several strategies now but he still uses what he learned back in his early investing year using the Ted methods. Now Bob is a pretty wealthy man himself and when he talks we listen.
I had my first real investment success in the market using Ted's method. I haven't been as active trading by these methods for the last two or three years but I am still very interested in the method. During the last two years I have been learning about market timing from the man who is probably the best market timer there has ever been. Don Wolanchuk runs another forum on SI. He is 84 and his health is failing him so I want to learn all I can while he is still with us. I have learned to calculate the "Climax Indicator" which Don relies on as one of his most important indicators and I am now learning the nuances of interrupting what the indicator is tell us.
Since I am in a hold mode with my Ted stocks and not actively buying new stocks, I have found myself in a position of holding a lot of losers. I did extremely well back in 2020 - 2022. However, part of Ted's method of not selling a stock for a loss is causing a bad situation in my portfolio. As my good stock rose and reached position where I sold, a natural filter was set up. The good performers are mostly gone and I am top heavy with losers. I am beginning to question the wisdom of continuing to hold a stock as it continues to slowly go down. Of course, I have had a few that suddenly caught fire and started a nice comeback as TK has done. I still don't know how I would handle this in the future.
On the issue of whether you believe in market manipulators I will say this. I don't know if it really matters whether you think the manipulators exist or not -- if you follow Ted's rules the results should be the same. But I challenge you to get a copy of "The Wall Street Jungle" by Richard Ney and read it. Ted was convinced of the manipulation of the market long before Ney presented his evidence but Ney presents extremely strong evidence of the manipulation of the price of stocks by the Specialist on the floor of the exchanges. I think he will change your mind. In fact, anyone reading The Wall Street Jungle and other books by Ney might initially come away dejected and with the idea that the deck is stack against the average man and we should just stay out. But people like Ney, Warren, and Don Wolanchuk teach us how to understand what is happening and get on board for the ride.
Happy Trades to You.
WEagle |
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