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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: iowamann, Spam Queen who wrote (40084)	7/13/2001 11:55:38 PM
From: FLACK	Respond to of 100058

You just can't step out of the limelight for a single day. You twist the facts, either out of ignorance, or simply to further your imagined reputation as a superior trader. Your posts demonstrate a "gem-x" quality of immaturity. >>Example: A distinguished person on this board suggested (based on TA) shorting ebay at 63 a couple of days ago. Based on a complete overview of the market the Iman found that interesting and wasn't so sure it was a good idea. Ebay closed at 67 today. How much margin will they give you Iman bought BA at 53.10 Tue. A distinguished member of this board also skilled in TA boasted he was still short BA just this morning. BA closed today at 55.07.<< I like that "boasted" part. Very clever. And that's what you're about - being clever. You don't know what it takes to be a successful day trader. Do you remember the word "stops" ever being mentioned? Do you think a successful day trader holds on to a position which has started to go against him? Day traders do NOT become investors. They do NOT hold on and hope that the price will come back. They do NOT average down and thus tie up even more money in a losing position. And if you were referring to me re:BA, I suggest you go back and read my PM again. This time more slowly. I said that I went short when you sold. That put me short about 12 trading days ago at an average of 57.30. BTW, I covered some yesterday @54 (with a "stop") and covered the rest (with a "stop") today @55. So, you think you're the only one who made money on BA? Wrong again. Shall we average that into your 90% right call record? This morning I made a mistake. I decided not to put you on Ignore, foolishly thinking that you might have something worthwhile to say, that the subtle bashing of other traders through story telling and comparisons and the glorification of your own style might cease. I shall rectify that mistake.

To: iowamann, Spam Queen who wrote (40084)	7/14/2001 1:16:14 AM
From: tanstfl	Read Replies (2) \| Respond to of 100058

Hi Iman, Actually, the only thing I have found troubling is your consistently referring to the outcome of a TA analysis as wrong when a possibility, pegged as more likely, does not come to pass. If a genetic condition is recessive and each parent has the recessive gene there is a 1 in 4 chance that an offspring will exhibit the recessive trait. If someone says that the offspring is likely to not exhibit the recessive trait, he is not "wrong" if the offspring does. So your energies are being expended to present an empirical comparison of TA vs TA plus the zen trading quality known as "in tune with the market". And to what end? Can we all be imbued with that quality or do we only experience it vicariously when the Iman is present? I actually think process is more important than results. By sharing what they are seeing and what they are expecting and why, the contributors teach and learn and help each other out. There is a synergy that produces a result that exceeds the sum of the parts. Since most, if not all, are making their own trades, they can use this to determine entry and exit points, pick suitable targets that have logical stops within the individuals risk parameters, etc. I don't see any reluctance to hear new ideas. Witness the interest in e-wave presentations. But it is a process oriented group and ideas and presentations supported by results but not accompanied by process may be a pleasant diversion, for a while; but are resistant to assimilation. It does not mean they are not valid, just that if you cannot find some segue that lends itself to incorporation, maybe that means that it just doesn't fit. <<BTW, I am truly impressed with your credentials>> Yea, but I have lousy people skills. C'est la vie. Best, Steve