i go to <a href=http://www.savagetrader.com/ezine/
target=new>http://www.savagetrader.com/ezine/</a> and
there's dlevels looking very trader-like at his computer.
nice picture neal! and some excellent information as
well. is there more in the planning stage? everyone
should check out the double repo article.

the level that i was calling wave 2 of C (from
2/11 to 2/17) has been "invaded" (i think we all know
how painful that can be) by what i was calling wave
4. now what? either wave C is over and we're off to
new highs. or...? the next important cit i have is
for around 3/14 and it "should" be a high. time and
sentimentwise it seems unlikely that the correction is over.
extended trading range anyone?

Ha! Yes, that is me in the picture.. I'd like
to<br>have some decent content on that website, twice<br>a
month or so.. If you know of worthy
quality<br>contributors, send them my way.. That Double-Repo<br>article
could have serious implications.. The<br>past few
severe market shocks were on WEEKLY<br>Double-Repo's.
This is a MONTHLY. If it plays out,<br>there will be
plent of shorting opportunities. If<br>the Double-Repo
fails, there will be a very<br>exciting continuation of
the bull market!

Uncertain .. but thinking that maybe at least a
tiny pullback could be coming up after the last 5 days
of up here - setting a good stage for even more up
(afterall Shaun has not sounded the false rally signal
yet...and that has to be bullish!). A trading range here
could imply a flat or bearish market here ... hmmm I
just don't know yet.

One of my rules is "let your profits
run..."<br><br>Marihart, you are putting a lot of weight on my shoulder to
call the market. The short term possibilities of the
wave formation is too many at this time. It is still
unclear if this down-leg is completed or not. If not most
of the downward movement have been completed or will
be completed with very small percentage lost from
here. An experience which most trader have experienced,
like it or not. If not then this is the beginning of
the "b" wave rally, then let the profits run...

Well I have to agree that is the best rule of all. <br>The way I look at it
though, is that it takes a little pressure sometimes to bring the best out.  It
seems to be working now!

Okay...<br>whats a good new hot trade! one that is<br>on its way to a nice
drive!

Well during the last three months I have posted a
few specifix s&p entry points which would have
generated over $225,000.00 per contract (in an effort to
rival WD GANN). If that is not hot enough, you could
have used 10 contracts per trade for profits well in
excess of $2,225,000.00. Many postings at this club
recieve no feed back from members at all even though they
are highly accurate. So this apparently proves the
rule that if you do not people charge for it, they
will not respect what they get. So I guess at this
club a person has to separate spam versus analysis and
then run with one or the other! Hang in there though,
some legitimate member will eventually post their
analysis and you will have an opportunity to make your own
assessment on it. I f you like the results, I am open to a
15% commision (discounted from the 20% I charge
nonmembers). When I first started, I used to charge 10%, but
after one guy only bot 1/3 the contracts I told him to
buy and then at a higher price than I told him -- he
only made $900 instead of $9000 that week. Worse; he
had previously been taking large losses so when I got
him $900 in a couple of days, he called me all
excited and took me out to a steak dinner-----the subject
of the 10% never came up, I did not push it, and I
never did business again. This is a true story---Paul

Helping traders has many rewards, most of them
are not financial.. One trader who came to my private
seminar sent me a spreadsheet of his trades, with an
equity chart. His capital has almost doubles since
10/14/99. He is the trader who coined the phrase "this is
like cheating". He is a member of this club.
<br><br>Another trader who telehoned me last night has doubled
his money since November last night. He called me to
book a seat in another private seminar and to brag
about his results. He's excited because this is the
first time his account has been over
$100,000.<br><br>This gives me great satisfaction, it's better than
money for me. I can alway get some money (as long as I
have capital, or good health), the joy of having a
trader call with his results is very
rewarding.<br><br>Most of the time I don't bother posting hot trades. My
preference is to help traders learn to fish. But that's my
own preference, I understand that most people are
happy to post and read hot trades.<br><br>What really
bugs me is the spam that is posted periodically, the
momo crap.. Even if the trades are profitable, they
get deleted because there is no technical analysis in
the postings..<br><br>So, if you have a TECHNICAL
reason for a hot trade, post it here!<br><br>-DLevels.

Cutting your losses and letting your profits run
are the two most quoted rules for success in trading.
I don't think I have ever read a book (except for
The Elements of Successful Trading), that doesn't say
that these are the most important disciplines for
traders to learn.<br><br>As a matter of fact, a person
could sit down with a pencil and paper and prove to you
beyond the shadow of a doubt that if you cut losses and
let profits run, you will be successful. It seems as
though this ancient and revered Wall Street aphorism is
incontrovertible. It even sounds good, sounds like good common
sense.<br><br>All I can say is-it doesn't stand up in the real
world, at least not in my experience. I've been trading
for three years now, and almost 100% of the time
where I took a loss, I would've had a profit if I had
hung in just a little bit longer. I have posted my
trading history back to the begining of this year on a
web page and you can see for yourself, each and every
one of the losses I took would've been a profit if I
had held on. I don't have the history from 3 years
ago, but it would show the same thing.<br><br>Sorry to
have to pee on the parade of the number 1 rule of
success in trading, but I have to call 'em like I see
'em.
<br><br><a href=http://www3.adnc.com/~hblanton/history.html
target=new>http://www3.adnc.com/~hblanton/history.html</a>

Heeeheeee just kidding.

DIVE trades...Oooops forgot the 'R':<br>(see
message 1700)<br><br>12/13/99 cussip
#902124106000<br>Symbol (TYCO) shorted at $31 1/4<br>12/15/99 cussip
#247361108000<br>Symbol (DAL) shorted at $49 3/4<br>12/15/99
cussip#902124106000<br>Symbol (TYCO)covered at $30<br>12/16/99 cussip
#24736110800<br>Symbol (DAL) covered at $48 3/4<br>12/17/99 cussip
#12738710800<br><br>A week of vacation from my regular job to do
daytrading!<br><br>PS. If you guys/gals know when is my next vacation,
then you will know when I am shorting.<br>LOL

For a fix cost per trade, round-trip is twice the
amount. Let just say $15 per trade, $30
round-trip.<br><br>share amount===cost per share<br>001
share=====>$30.00 per share<br>050 shares====>$00.60 per share
(98% decrease)<br>100 shares====>$00.30 per share
(50% decrease)<br>200 shares====>$00.15 per share
(50% decrease)<br>300 shares====>$00.10 per share
(33% decrease)<br>400 shares====>$0.075 per share
(25% decrease)<br>500 shares====>$0.060 per share
(20% decrease)<br><br>To take advantage of the
marginal % decrease in cost, the above figures suggested
the amount of shares per trade to be 300 shares or
above.

What happened to the website?

Joe DiNapoli's book does not advocate letting
your losses run, so that probably the first book
you've heard of that agrees with you..<br><br>I take
pre-calculated profits, do not let my profits run. Linda Rachke
also does this, in phone conversations she has told me
that...<br><br>So I'd say you're on the right track!<br><br>Also,
about keeping your losses small, and<br>losing trades
turning into winners if you hold longer... It's true that
in a bull market many losing trades would have
become winners.. But the patience, financial and
emotional cost of holding onto a loser can be too high..
<br><br>Instead, I recommend a time-stop, get out if you are not
in a profit, THEN RE-ENTER if the chart returns to
your entry point and yout trade justification is still
intact.. You can always get back in..<br><br>Good
discussion topic!<br><br>-DLevels.

Hmm, I haven't looked at it for so long.. I should recreate it elsewhere.. Not
too much on that web page anyway, just preserving company name, trademark etc...

Hmm, I haven't looked at it for so long.. I should recreate it elsewhere.. Not
too much on that web page anyway, just preserving company name, trademark etc...

Hmm, I haven't looked at it for so long.. I should recreate it elsewhere.. Not
too much on that web page anyway, just preserving company name, trademark etc...

Show in photos are asian webs perfomance relative
to SPY, Sp500 equivalent. They clearly show the nice
recovery from the asian crisis. All webs, EWH, EWJ, EWM,
EWS have outperform the SPY since the bottom. (to get
figure: divided current ratio by the lowest ratio).

Let me guess, out of the 466 members, 460 were spammers?

Sure seems like it. The spammers have really
ruined the overall quality of most Yahoo clubs these
days. I used to spend a lot of time with my clubs, but
the idiot spammers have made it a pain and waste of
time. No end in site. One club that I enjoy is One Hour
Trader, where the founder promptly deletes all spam
messages. Good Luck to you

Yea, I've taken to deleting spammers.. Please post<br>TECNICAL ANALYSIS related
stuff, else it gets zapped. Thanks..

Actually I was taking a potshot at the lack of
member participation, not the junk posts. Ther only
seems to be a handful of posters here. And I do
remember one of those risiculous penny stock touting
spammers actually made a good call...

Good to see you again Hugh. Well guys it does
seem in the short term, the spam has let up which I
feel is good when the spam is unaccompanied by some
sort of TA reasoning. For example if, a position is
recommended, even commercially, it is palatable when it
provides analytical educational content. But I like to
stir up a lot of pots too!

i'm getting pretty tired of spam my own self. and i've still got 12 cases left
over from that y2k scare thing if anybody wants some... huh?

MESSAGE DELETED

I'd like to have any recomendations on some good
books to start learning. I've been investing for just
over a year now, and having a blast doing it. I made
apporox 250% in my first year, but I can see that if I'd
played the charts more accurately, I could have easily
been over 700%. Lot of my success was pure luck I have
to admit. I've read "Technical Analyis Simplified"
by Clif Droke, but don't know if it is good, and
know there must be more and better stuff out there. I
also love the charts on Clearstation. Would appreciate
any and all suggestions to help point me in the right
direction. Thanks in advance.

Well you did better than I did -- I often make
the mistake of trying to get every drop out of a
chart which consequently results in no positions taken.
As long as you don't get greedy and risk your whole
wad; there is nothing better than beginner's luck!
Heck just do a search and read the books that you like
or which you feel comfortable with---note how they
fit in with your own strategies. I was talking to my
boss---he got out of an oil stock because he noticed it
going down while oil was rising in price. Now, he did
not know that he made his decision on a "divergence"
or more accurately "poor relative performance". If
he did he may have knowingly put a technical tag on
his trade......but would it have mattered? Maybe it
will in the long run if this knowledge helps build up
a repeatable behavior. Remember the Dupont Business
Model where profit margin and repeatability are key
elements.

(assume a homer simpson tonality when reading) Hmmmmm.... 12 cases of spam.....

Grooooan! Now we'll never know what the wolf trade for tuesday is! Groan!