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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (846)	11/6/1997 7:38:00 PM
From: 1stSunRay	Respond to of 12617

Thanks for link Irby ! Just received from Philip Berber / CyBerTrader: "We are running Seminars here (Austin,TX) starting in a few weeks and I feel that would be an excellent way for you to get to know us, and CyBerTrader better." PS: For more info, I suppose the best contact person would be Jennifer Ramsey, Cyber-Corp Web specialist (jennifer@cyber-corp.com)

To: TFF who wrote (846)	11/6/1997 7:49:00 PM
From: Phil Abel	Read Replies (1) \| Respond to of 12617

Have been using SI religiously for over a year now but unfortunately just found this thread today! Have read the last couple hundred messages already and am impressed with the quality of discussion. I got into the markets my first year of college and have been following since. So it's been about 5 years-- 4 years following fairly casually and trading here and there, but this spring I made a conscious effort to turn over a new leaf ay started trading more heavily and am up to 3-4 trades a week (that's a lot for me). I do not daytrade (yet?) but currently try to be in and out in a 2-4 week time horizon. Mainly use TA momentum indicators (Stoch, RSI, MACD, etc.) to trade. I find a stock with technicals and then briefly check fundamentals to make sure the stock is down because of technicals, and not bad earnings/downgrade. I've had good success with my short term account this year, but am still digging out of some stupid mistakes made from '94 to '96. I can realize some tax losses this year and have my slate clean again. I figure the lost profits are the tuition I've paid for my crash course in the markets. Still hold an "honest" day job to earn my keep, but thanks to my T1 internet line at the office I keep an eye on my intraday prices and often "work late" to do some heavy market research. I anxiously await the day I feel my skills are such that I can trade for a living. The most frustrating for me right now is that I can talk about beating the market this year and all but then Joe investor across the hall can talk about the big gain he's had in his buy-and-hold mutual fund for the last three years. And frankly, those people have beat the pants off me! I do keep most of my $$$ long term and in funds, financials, etc. so I'm not throwing away a nest egg or anything. But I do have about 20% as a "short term" trading account and know that if I keep at it I can make that aggressive 20% make me much more profit than that conservative 80%. Question about protective stops-- I have finally seen the light that the stupidest, most obvious thing to NOT do in theory is the most commonly done thing in practice: hold onto losers and sell winners for a tiny gain. I am guilty myself and have only recently started to train myself to do the opposite. One obvious method is stop orders. Takes the emotion out-- instead of watching that stock tick down and you sit there praying it will turn around as it breaks through support level after support level, get that stop loss in and let it stand. Anyway, I use DLJDirect as my online broker. It will not let me put a stop order in on OTC stocks, however I have seen discussion here that implies that you can. Can someone shed some light on whether the problem is my broker or the exchange I'm trading? I look forward to future discussions here!

To: TFF who wrote (846)	11/6/1997 8:45:00 PM
From: funk	Read Replies (1) \| Respond to of 12617

Hey Irby, For some reason I thought you were all ready up and running with ABWatley. Are you presently calling in all your trades? Are you getting your quotes through an ISP Internet connection or through a direct connection to the quote service? While understanding the limitations of my internet set up, I was fairly well satisfied with it for getting a start...I didn't bother trying to use the net to trade on last Mon and Tue, A great opportunity missed, but it didn't bother me too much. But you know ever since those heavy volume days it seems that the net traffic is slowing to a crawl evey morning now, even with average volume. I will most likely be heading to ABW. I am putting it off a bit because the ultimate trader requires a PC and i've been on a Mac for 8 years and I've never planned on getting a PC. I dread the thought of buying one. You may have heard about us quirky Macintosh folk...it's all true. Oh well funk on it if you can't beat 'em you have to join 'em. ABW'S deal for by-passing the net during peak hours seemed like a great deal. I think I mentioned in my first post that I am a neophyte, so I want to pitch two stupid questions: Reading the Tape, where does one get that info. It sounded like a bit more than what flashes across CNBC. When you get PCQuote service, does that include this info. I am ASSUMING the tape is tick by tick price and volume of each bid or ask transaction...Also Is there a freebie web site thast I can research insider buying and selling...Like today on the tube they were talking about AHP's CFO and another being looked into for selling shares earlier in year after meetings with FDA... knowing that the FEN-PHEN drug was running into trouble far in advance of the rest of the world. If this info is available on the net, is anyone using it with success, or is it hard to decipher what's going on? I can't believe the amount of questions Steve G. answers every day, but I am curious about the stuff you asked in the post just earlier. May the Macin...I mean... Online Trading Live ON ! AE

To: TFF who wrote (846)	11/6/1997 8:55:00 PM
From: Greg Butcher	Read Replies (1) \| Respond to of 12617

irby, I know you have read the book Trading For A Living..Dr Elder says he uses the three screen trading method. The first screen is for the "Market Tide" the second is for the "Market Wave" and the third is for the "Interday Breakout" My question is...Have you seen this, Do you use this method? And most important...Do you know of a co who sells this system, or is it something you put together yourself? If you could take the time to answer, it would be greatly appreciated. Thanks in advance. Greg