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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Richard Estes who wrote (10092)	4/21/1999 7:14:00 PM
From: TA2K	Read Replies (1) \| Respond to of 12039

<Half off-topic, but I want to get my two cents in here too....) "I would make it a capital crime to commit a crime with the use of a gun. We don't need them to take up airspace." This statement epitomizes the direction society will take over the next fifty years. It is just the tip of the iceberg. Resources are becoming more and more limited. Negative externalities spill over onto others with too great an abundance. Consequences of actions are being increasingly recognized and focused on. The 'good' old days of personal 'laissez faire' are tapering off. At present I only hope that we can continue making money in the stock markets. I hope that doesn't end. I recognize that it's not an egalitarian enterprise -- it's basically a rich persons game. I caught the immigrant cleaning lady watching me the other day while she was folding my socks and underwear -- I could tell she was wondering what the hell I was doing just sitting here watching these computers, and so intently. So I stopped and tried to explain.... (I can hear you jokers saying, "The blind leading the blind....") I guess we have to try to do what we can.

To: Richard Estes who wrote (10092)	4/22/1999 10:51:00 AM
From: Richard Estes	Read Replies (2) \| Respond to of 12039

Margin - the way to double your profits or your LOSSES! When you make the decision to go on margin. you double returns and risk. You have to adjust your stops and targets. The normal 10%, get out now, stoploss needs to be set at 5%. Always think %, put things in the proper perspective. Some even before they learn the basics start to produce their version of the "holy grail". System development should be logical. You should have a reason for each included element. You should be able to explain to yourself why the elements were chosen and know the effect of any change made to the results. Too many look at a handful of stocks in testing, you have to look at 10s or 100s of stocks, all shapes and sizes, to get results you can trust. You have to know what works with ranging stocks, what works with trending stocks. What works with stable stocks, what works with volatile stocks. Often I get questions, it tells a lot about the person asking them. It shows most often that the person has not done his homework. In this day and time, thanks to Bill gates and others, we can buy a $800 computer plug it in and up comes the world in living color. We can obtain more information than we can assimulate. More time is needed to be spent reading and thinking. In the TA- topics there are tons of good advice. You will find suggested books, methods, systems, and etc. Your best "holy grail" has probally been posted. Remember you are accountable, not anyone else for what you do in the market.