In this issue:
I. Beat the high cost of gasoline!
II. New versions of NeuroShell Predictor and Classifier under way
III. Editorial Comment by Steve Ward, CEO
IV. Release 5.0 features
V. Deadline for reduced price updates drawing near
VI. One way to stop this newsletter
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I. Beat the high cost of gasoline!
Gas prices are hurting everyone, except those whose models told them some time ago to go long on oil stocks and futures. We have decided to help you fight back. They say the best revenge is living well, so we can help you get the tools you need to become so successful, you don’t care what it costs to fill that huge SUV! Until close of business May 5 you can get a 20% discount on many things we sell, including add-ons. Take a look at our web sites to get the details. (Sorry, but major oil companies must pay full price.)
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II. New versions of NeuroShell Predictor and Classifier under way
If you thought we had abandoned the non-trading side of our business, it isn’t true. We are busy putting together new versions of NeuroShell Predictor and Classifier, but it is too soon to be discussing what will be in them. However, we are soliciting your suggestions on that, because it is not too late to add things if they don’t require too much development time.
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III. Editorial Comment by Steve Ward, CEO
1. I just read “Reminiscences of a Stock Operator” by Edwin Lefevre. This is supposedly a classic that most traders rank number 1 on their list of favorites, even though it was first published in 1923! The back cover calls it “the fictionalized biography of Jesse Livermore, one of the greatest speculators ever.” I don’t know what fictionalized means, because Edwin Lefevre interviewed Jesse Livermore extensively before he wrote the book. If you aren’t into trading I think you’ll find the book very boring, but if you are into trading you might not be able to put it down. It is inspiring to read how this man made his fortune starting at age 15 in the old “bucket shops” where you could trade the ticker tape against the house, somewhat like you might trade single stock futures today. Then how he lost his fortune when the bucket shops banned him and he had to trade the conventional way on Wall Street itself. Then how he made his fortune again, and how the stock market was (and I think still is) manipulated. Jesse Livermore was said to have made a $100 million in 1929 selling short.
But then I read in another book that Mr. Livermore somehow lost it all again and filed for bankruptcy in 1934. He committed suicide in 1940. Bummer! But I still got a lot out of the book.
2. For those of you who are new to NeuroShell, or who may have just started back with it again because of release 5.0, I am still making it possible for you to use an ensemble (voting panel) of three of my favorite daily models until you can produce something better on your own. No, not free, but at a modest monthly cost. Look at www.wardsystems.org.
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IV. Release 5.0 features
1. Existing Data Calculations Tree View
This subtle new feature may turn out to be one of the most handy ones we have every added. It lets you “drill down” through an existing long, complicated indicator, trading strategy, or neural net to select a smaller piece of it for insertion into something you are building now. It is hard to explain in words how to use it, but if you will try this little excercise it should become clear enough:
Load up Example 22, the Hedged Portfolio. Suppose you want to insert onto the chart one of the indicators buried deep into the Hedge1 Trading Strategy. Go to the Insert menu and select Existing data/Calculations. Then you will see everything in the chart at the top level. Click on the plus sign (+) just to the left of Hedge1. Then click on the + to the left of Inputs, then the one to the left of the first A