Dear Vernon, Your writings are very good. I hope many will agree that It is reflection of many retired and would like to really enjoy their retirement.
On Thu, Mar 11, 2010 at 8:20 AM, vernon <[email protected]> wrote: > > > Patrick - > Thank you for the info! I DO appreciate it. My problem is I DO want to > retire (seems I have less time in "retirement than when working) and "Play". > <grin> And, these days it seems I'm back into spending too many hours on a > computer. - mostly reading. > > I agree with you on the books - a lot of what I've purchased are for basic > education and now I'm tending more to CMT books. They have all been worth > it for me, even if I've only picked up one new concept out of 300 pages and > a big part have turned into reference manuals that I continually go back to. > A big minus in my case has been not having a "mentor" or experience in the > field or anyone to act as a "guide" so to speak. Lessons in pit falls are > hard learned, but I do tend to remember them. :-) > > I have considered trying to find some seminars or intensive "live" course > of some kind, but everyone is out to "sell" something and most of it doesn't > appear to be worth the $. Difficult in learning what is valuable and what > is not. Like my last broker - I know how to gamble. <grin> > > Thank you for the info re: TASC. I had seen that and almost bought it. > Since I now have a confirmation opinion, I will get that. > > I haven't done a lot of work with the AAII data, but it was the first > screening program I bought and I am also a life time member of AAII - it's > where I started my learning process. I primarily used it in the > beginning(Stock Inv.Pro) to set up a Sub- set of the markets (volume,sector, > and price) for "my" universe (about 2000 stocks), exported to csv and > imported to AMB which I have then been updating with Yahoo EOD. Stock > Investor pro has approximately 10 years of detail data with a very flexable > data base and screening program - it's a shame it doesn't have daily EOD > data as it would (IMO) make a great combination to link AMB with it. > (research as well as trading) I am playing with the idea of > exporting specific data to text or html and using AMB's profile /web > browser interface (is that what it's called?) to link with it. Linking > through the tools menu at this point. For the moment, that's all been put on > hold. > > I apologize to the group for being so windy. I'm sure most are not > interested in reading all my babbliing on. Thank you again, Patrick for > your helpful information. I do appreciate your insight and recommendations. > > Vernon > > > -- > ENJOY LIFE!! Keep it SIMPLE!! > > > -----Original Message----- > *From:* [email protected] > *Sent:* Wed, 10 Mar 2010 16:09:35 -0800 > *To:* [email protected] > *Subject:* Re: [amibroker] Few Newbie Questions re: yahoo data > > > > > Hi Vernon, > > I'm no spring chicken myself, and this is my third profession. But with a > son in law school and a daughter about to start grad school, the concept of > "retirement" is one that eludes me. <VBG> > > I've been trading for living now for over 15 years (and involved with > investing for 40+ years) and still love it. Like you, I've > purchased thousands of dollars of books over the years, but now am very > selective as many are truly not worth the price and often overlap very > extensively. It's not that there's nothing new under the sun, but it's rare > to find a book that I would recommend to others and now generally buy only a > few books each year. Education is a continuing need in the trading business > so you should budget some monies for new books, just like you must for new > equipment, software, and (yes) data feeds. > > One of the better deals out there (IMHO) is the Professional Traders > package from the magazine TA for Stocks and Commodities (TASC). You get a > five year subscription to TASC, Traders.com Advantage, and Working Money > (the last two are online resources), the current and next year's DVD of all > TASC issues (26 Volumes, back to early 1980's), plus a free book or hard > bound volume of a year of TASC articles. It runs $495 and is well worth it > as you'll get thousands of dollars of education. see > http://store.traders.com/proftradstar1.html for more info on the package > or http://traders.com/ for info about TASC. AB code written by Tomasz > pertaining to a lead article is regularly published in the Traders Tips > section of the magazine. > > I'd be interested in hearing more about your use of AAII's software and > data. I've been a life member for 20+ years, but never got their > data/software package. Don't know how well it would integrate with AB, but > if one wanted to do fundamental screening and then port candidates to AB for > study, I suppose that could work. > > Anyway, welcome to AB land, good luck and ask questions as often as you > need. There are a lot of good people here. > > Peace and Justice --- Patrick > > ----- Original Message ----- > *From:* vernon <[email protected]> > *To:* [email protected] > *Sent:* Wednesday, March 10, 2010 9:30 AM > *Subject:* Re: [amibroker] Few Newbie Questions re: yahoo data > > Hi Patrick - > > Thank you, I appreciate your reply - it's very informative. So far, I've > been very lucky in that I've broken most of the rules/guidelines in the > $1,000+ worth of books I've bought over the last year while trying to learn > 20 years of knowlege in an extremely short time frame. But, I'm an old man > (retired) and I don't have the time frame to get the 20 years of experience > over the "normal" 20 years. <smile> What I've been doing so far with > Amibroker has proven profitable, but, like I say, I've been lucky. I guess > it's about time to quit being "penny wise and dollar foolish". > > I also use Stock Investor Pro db (American Assoc. Investors) which is > updated weekly and I do have confidence in the data that is provided - > although it is weekly and contains extensive fundamental data. I have played > with the idea of using this weekly data imported to Amibroker and then using > current eod on yahoo, but I think your correct - GIGO. At this point have > been doing in the range of 10-20 trades/month - sometimes more sometimes > less, so based on what your telling me, guess it's time I began to > "conform". > > Thank you again for your very informative and helpful explanation. > Vernon > > -- > ENJOY LIFE!! Keep it SIMPLE!! > > > -----Original Message----- > *From:* [email protected] > *Sent:* Mon, 8 Mar 2010 23:20:30 -0800 > *To:* [email protected] > *Subject:* Re: [amibroker] Few Newbie Questions re: yahoo data > > > > > Hi Vernon, > > I suppose the fast answer is "It depends". On what does it depend? Well > really how are you using the data and for what stocks. > > First of all, Yahoo data is WYSIWYG, i.e. it doesn't adjust for splits, > symbol changes, etc. So if your principal use is to acquire a historic > database to back test against, do so with extreme caution. If you are > planning on maintaining a large number of symbols to track on a day to day > basis to make EOD trading decisions for trades the next day, again the > caveat "be careful and double check with another data source before placing > trades" (you broker's data is probably sufficient here). If you are going > to follow only a few (say 50 or fewer) stocks, then it may be fine. Why? > Well as I said, Yahoo data is WYSIWYG and you will have to do all the > adjustments for splits, symbol changes, etc. which means spending some > amount of time tracking down that info in press releases, SEC filings, etc. > On a large database this quickly becomes very time consuming. Your time is > a resource and is better spent trading, preparing to trade, learning to > trade, studying the markets, etc. > > Thus, if you are really trading (or even investing by buying and selling > more than a couple dozen times a year), you are better off spending the > nominal amount to buy a data service that will maintain all that stuff for > you and do so with reliable accuracy. Quotes Plus, TeleChart 2007, Premium > Data from Norgate are all reasonably priced EoD data providers (think like a > couple lattes a week) which integrate with AB nearly seamlessly. Another > route to go is feed you broker's data to QuoteTracker and then import it > into AB. This won't give you an instant lengthy historical database, but > again depending on the number of stocks you plan to follow can be > manageable. Keep in mind also that your costs for data feeds (like > investment subscriptions and AB) is a tax deductible expense incurred to > generate income. > > If you do decide to go cheap (remember the adage "you get what you pay for" > seems to have been invented for data feeds) and stay with free Yahoo data, > pay close attention to daily highs and lows as well as open and closing > prices and volume. Often there isn't too great a difference, but if you are > using indicators which are based on these data points, be wary. > > Peace and Justice --- Patrick > > ----- Original Message ----- > *From:* vernon <[email protected]> > *To:* [email protected] > *Sent:* Monday, March 08, 2010 4:30 PM > *Subject:* Re: [amibroker] Few Newbie Questions re: yahoo data > > Hi - > > Like wise, I am a "newbee" to all this. I had no intentions of becoming a > programer, but I do like Amibroker. While I'm learning (and losing money > <kidding>), I am using yahoo EOD data during my learning process. It > appears to agree with my Scottrade Account (although I haven't done any > investigation into the accuracy). I have no desire to use RT data - EOD is > fine for my uses. > > Could someone expand or provide more information with regard to the > statement below of "yahoo EOD data being inaccurate"? That worries me a > little since I'm investing my hard earned $$$$ using it. Thanks in > advance for any insite/information you might provide. > > As to when EOD data can be downloaded, I generally d/l it between 6 and 7 > pm ET. If "historical" d/l doesn't pick it up, "current day" will. > > Vernon > > -- > ENJOY LIFE!! Keep it SIMPLE!! > > > -----Original Message----- > *From:* [email protected] > *Sent:* Mon, 8 Mar 2010 11:38:39 -0700 > *To:* [email protected] > *Subject:* Re: [amibroker] Few Newbie Questions > > > > Hi Jchi -- > > High quality, low cost end-of-day data is available from several vendors. > Two I recommend (I subscribe to them both) are: > Quotes Plus -- http://qp2.com/joomla/index.php > Norgate Premium Data -- http://www.premiumdata.net/ > > Read the reference materials related to BuyPrice, SellPrice, and > TradeDelays. They work in combination. > The pair of statements > BuyPrice = Open; > SetTradeDelays(0,x,x,x); > uses the price of the open of the bar being processed. > > The pair of statements > BuyPrice = Open; > SetTradeDelays(1,x,x,x); > uses the price of the open of the bar following the bar being processed. > > Thanks, > Howard > > > > > On Fri, Feb 26, 2010 at 3:58 PM, jchi18 <[email protected]> wrote: > > > > 1. When is the earliest I can download EOD data from Yahoo? i.e., when will > today's data be available for download? > > 2. In the trades tab when performing automatic analysis, what does buy > price mean if I set it to open? i.e., I perform a scan of my trading system > and it says that a buy signal was found for 2/26/10. When it is set to buy > at the open price, will amibroker get the open price of 2/26 or 2/27? > > 3. What is the best but reasonably priced way of getting accurate EOD data > into amibroker? I understand that Yahoo is inaccurate. > > Feel free to contact me at [email protected] <inbox.chi%40gmail.com>. > THanks. > > > ------------------------------ > [image: 3D Marine Aquarium Screensaver > Preview]<http://www.inbox.com/marineaquarium> > *Free 3D Marine Aquarium Screensaver* > Watch dolphins, sharks & orcas on your desktop! 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