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Re: Myst post# 550

Thursday, 05/16/2002 3:52:25 AM

Thursday, May 16, 2002 3:52:25 AM

Post# of 8725
Myst, you say:
X_DEV is designed to capitalize on a stocks weakness and strength by selling at average extreme highs and buying at average extreme lows within it's trend. Therefore, it can not have a "losing trade". We might be able to have an argument over this if a restriction to a certain time frame was a critical component to your case, but I don't think it is.

I don't think this is correct, and that X_DEV can have losing trades, and moreover should be able to have them. When a stock drops out of a range and starts trading in a lower range, that may be the only way to raise cash for new buys. I have heard this mentioned as a feature over AIM, that insists on selling at a sell price over the last buy price.

Now when this feauture hits you repeatedly, you get hurt badly. This is not to blame X_DEV: you might have picked the wrong stock, or didn't get the bands right. And every once in a while you are bound to get the bands wrong.

Regards,

Karel

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