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Strategies & Market Trends : Technical Analysis - Beginners

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To: Michael Watkins who wrote (9778)	3/6/1999 9:56:00 AM
From: Robert Graham	Read Replies (2) of 12039

Your post reminded me of others who are always looking for "better" as a crutch. This post may not apply to you, but I still think it has value to others here who are reading this thread. Please read with this in mind. You do not need a sophisticated system to make money. You do not need the "latest and greatest and most powerful" tools to make money. If you cannot develop a system using what you have, then giving yourself more tools is not the answer. You will lose focus on what is important. Learn how to successfully use what you have now. Most do not know how to do this intelligently and never do come up with a working system that can generate profits for them. They blame it on their tools. They blame it on their data feed. They blame it on the market. They blame it on not having enough money due to their drawdowns. They blame it on everything but what the problem really is which is themselves. All you need is MSWIN or WOW and a good data feed and an account with a broker and money. A service like QP is icing on the cake. TS is not required to make money. Read allot, ask questions, try things out. Learn how to test your system over different stocks and periods of time, and review the results properly. The system is successful if it can be traded for a profit. The system is not successful if you lose money. Then the a new learning begins as you trade your system which is about yourself. This may bring you back to the drawing board more than once before you find a system that suites who you are as an individual and also generates profits for you in actual trades. Once you are successful in the stock market, then you may consider using Trade Station, but then you will have your trading pay for it. But I suspect you may not need or want Trade Station by then. Read the book by Darvas. He made $2,000,000 in the stock market with no Trade Station and no PC at all. This at a time when $2,000,000 was much more difficult to make than it has been in recent times. Have you been able to do this? If not, how come? You have the PC. You have the sophisticated data sources. You already have a very usable program. Darvas did not have any of this. Just my opinion. Bob Graham PS: I do not have or need Trade Station. I have been a programmer for over 15 years in both business application development and software engineering.

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