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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: t4texas who wrote (7901)	2/15/2002 1:52:22 PM
From: t4texas	Read Replies (2) \| Respond to of 36161

intermarket relationships i have seen some comments lately from blondie and isopatch about intermarket relationships. if you want to get a daily market letter with more intermarket relationships than you can imagine, take a look at this one out of canada at this web site. i think you can get a free 30 day subscription if you want to take a look. krk-imra.com i have posted some info here before, but it covers equity, currency, commodity, and bond intermarket relationships and makes daily forecasts of the various markets. if you are serious about intermarket relationships, this may be for you.

To: t4texas who wrote (7901)	2/15/2002 3:07:37 PM
From: isopatch	Respond to of 36161

t4texas. Understood. And agree for the most part. Most notably with.... <not much benefit in blowing my horn about something others could not have gotten.> BINGO! And I know from PMs with a number of SI friends that a number of us have long followed that policy. I've done more than a few trades that I knew would be very ST and therefore posted neither the buy nor the sell on the web. OTOH<g>, many months ago both Frank and I posted that we like and enjoy chest pounding most notably when the whole thread HAS had the op to share in the big profits of a major stock or sector call. And some of us are absolutely shameless about continuing such vocal celebrations of same in the future<ggg> BUT, have one important qualifier about not post very ST trades. It's often impossible to know how long you're going to hold a position. Unless of course you never make a bad buy decision. OR you don't use stops and just ride an obviously bad decision way down in price. As a former broker and long time professional trader in this game, I've seen people who absolutely refuse to use stops take years to get even on some of their positions! For example, let's say Iso bot a great looking stock which shows every indication of beginning an excellent multi-month run. So I share the idea on the thread. BUT..... truth is? Mr Market may decide to make a monkey out of me a few days later<lol>. And it happens to everybody once in awhile. So here's the question. Do you clam up, and say nothing, as I see is the practice on certain other threads?<g> Or, do you admit the mistake by posting you were stopped out, just a few days later? IMHO, it's VERY important to post that you exited the stock EVEN IF it's only a few days after you bot it. Seems to me that we have a responsibility to those who read our posts and that an idea we posted may have started their DD which let to them joining us on the long side. FWIW I feel I owe it to those folks to post my exit. That way they not only keep the stocks that go up but quickly exit the occasional bad buy and CUT that loss to a minimum before it can damage overall portfolio performance. Most good professionals will attest to the fact that cutting losers can sometimes be as big a contributor to overall performance as booking several big winners! Granted it requires a secure ego. But I think it's important, quite healthy in fact, to post the mistake after exiting a failed trade. JMVVHO of course. Isopatch