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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: Mike E. who wrote (10542)	8/17/2000 6:11:03 PM
From: charlie mcgeehan	Read Replies (2) \| Respond to of 49816

hi mike several things. don't stop posting. you add a lot to this thread in many different ways. i know i look forward each day to what you have to say. i think you're a pretty neat guy. we only talked in pm's because aside from yourself answering my first post no one else responded and i didn't want to disturb peoples trading. ian pm'd me and agreed that it was disturbing that many reliable patterns were breaking down and that it was very difficult to get the market moving more than two days in the same direction. we also talked that it was interesting that no one else responded to the posts and that many people that were here on this thread and si are here no longer. stan mentioned that he felt that many that were in trouble would have difficulty saying so and also that he did not want to encourage people to stay in the market if its hurting them(stan and ian i hope i summarized our messages adequately) out of those pm's i thought to try what i have already stated. i think there are lots of good people and good traders here (some who don't even know they're good)and i think we need to share. its sometimes hard to start so i thought i would. hopefully some good will come from all of this. ps mike i think you already know what you're doing wrong (the stops). i made a post a few weeks back about entry and exit points. i don't profess to be an authority but i know stops, mental or otherwise are vital. i know that your approach to trading is often intelligent as you approach them from a ta point of view. learning to discipline yourself is difficult as i regularly find. i do know this that your chances of making your money back will improve when the market does. i am only trading 1/2 positions at most now. charlie

To: Mike E. who wrote (10542)	8/17/2000 6:23:31 PM
From: stan s.	Read Replies (1) \| Respond to of 49816

Good posts and discussion, Mike, Charlie, Jeff, Bryan and all. I hope to have something to add later tonight or tomorrow and into the weekend. Mike, the biggest mistake would be for the regulars to post less. Your honesty and humor make it a pleasure to come here. If anything, the core group of posters should post more, be it general strategies or take on the market or humorous insights. That would most likely encourage others to come forward with what they have to offer both in terms of actual and anecdotal offerings.. More later, have to run an errand finish the site update. Stan

To: Mike E. who wrote (10542)	8/17/2000 8:34:27 PM
From: Jo Ellen T	Read Replies (2) \| Respond to of 49816

Mike, I agree with charlie. Please don't stop posting. I don't post most of my trades simply because I'm pretty wreckless at times. I'm pretty good at swing and position trades overall, but I too tend to hold on much too long when one doesn't go my way. I am now trying to get a better and more useful handle on stochastics. Watley gives %K, %D, and RSI with every tick, and I've been watching them closely for at least a hint as to what to do. While quite fascinating at times it still hasn't shown me the key. I'd be interested if anyone else uses these with great success. :) Jo Ellen

To: Mike E. who wrote (10542)	8/17/2000 11:35:41 PM
From: Ian McGuire	Read Replies (1) \| Respond to of 49816

Mike... I think it would be a mistake for you to cut back on your posting for the reasons stated; i always find your insights and enthusiasm most welcome...also our lurking population is larger than one might expect...I have been contacted by many and a recurring theme is that the combined personality of the thread makes it most inviting, fewer posts from you would certainly diminish that. I personally have been posting less for several reasons...besides the "summer hours", the consistent pattern failure has been of concern and as a result have been trading futs predominantly; while interesting in their own right, they merely add noise to the thread so I refrain. Todays off-thread pm's were im afraid my fault...Charlie's post struck a nerve about repeated TA breakdown...I have been pondering a possible hypothesis for some time(which I will share with the thread when I figure it out myself..lol!)...so I took the opportunity to bounce some ideas of the old guy...(jeez..asking opinions from an albertan, who'd have thought?)...sorry for the ramble....ian