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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Steve Grabczyk who wrote (15146)	3/7/2001 8:28:05 AM
From: Bernie Goldberg	Respond to of 18929

Hi Steve, It seems like you are saying that when a stock goes up 15%, 15% is your tolerance level. If the same stock would go up 18%, 18% would be your tolerance level. I'd like to use an old Wall Street bromide. "The trend is your friend". If a stock goes up more often than not it will continue to go up. That is why taking a disciplined approach with AIM will work. If one is willing to work with 2 week, or monthly approach there is nothing wrong with putting in a GTC order if a period goes by with no action. IMO it is foolhardy to sell some stock and immediately put in another GTC order. Doing this confines you to minimum orders and minimum profits. Check out the comparison of I did for RFH on BFR. He traded over three times more often than AIM BTB in a two year period, and was outperformed even tho he took advantage of every single tradin opportunity. Looking forward to seeing you in Vegas. Bernie

To: Steve Grabczyk who wrote (15146)	3/7/2001 8:57:40 AM
From: rgammon	Read Replies (1) \| Respond to of 18929

Steve, The end of your message says, in part: ==================================================== "Wouldn't one also have take into consideration the possibility that the price could move up 15% on Wednesday and then another 3% on Thursday?" I guess If that were the case then my tolerance would be 18% rather than 10 or 15%. Clearly this spells out the need for us to somehow be able to objectively measure a stocks amplitude tendencies. If we could do this with some degree of statistical reliability, then we could tune this money machine like one of Tom's Jags. ==================================================== The heart of AIM is why I like it so much. I am not emotionally suited to making 100% bets on the future direction of prices. Fine tuning of the money machine to meet this nirvana is NOT a desire of mine. Contemplation of this thought gives me nightmares. Robert