RE: [amibroker] Re: Larry Williams Inner Circle Review

["Bob Jagow" <bjagow@xxxxxxxxxxx>]

Jeez, Fred, I'm 
flabbergasted -- to think that I mis-remembered you saying you only traded 
MFs.
<FONT 
color=#000080> 
Like my mentor, Dan Q 
said, "What a terrible thing to have lost one's 
mind.  Or not to have a mindat all.  How true that 
is."
 
<FONT 
color=#000080>MindlessBob

  <FONT face=Tahoma 
  size=2>-----Original Message-----From: Fred Tonetti 
  [mailto:ftonetti@xxxxxxxxxxxxx]Sent: Wednesday, April 09, 2003 8:25 
  PMTo: amibroker@xxxxxxxxxxxxxxx; phsst@xxxxxxxxxSubject: 
  [amibroker] Re: Larry Williams Inner Circle Review
  Phsst,
  I am concerned by DD's only because of what 
  they do the account balance and I find that has very little to do with trading 
  one issue or many.  If you trade many issues simultaneously with fixed 
  amounts then by it's nature that method may very well produce DD's that are ok 
  when one is lightly invested but it will  also produces lower 
  returns.  When it&#8217;s fully invested it has the potential to make more but 
  the risks also go up.
  As far as stop loss orders goes, I'd hardly 
  call that being fully protected.  If you ever been invested through good 
  size gap openings heading in the opposite direction of your position or had 
  the specialists purposely take out the stop loss orders you placed then you 
  know what I mean.  
  If you want an opinion about your system then 
  by all means put up the list of trades it made.  One or more of us will 
  be happy to write the Excel code or other quick analysis software to evaluate 
  its return and associated risks with a larger degree of accuracy then 
  &#8220;eyeballing&#8221; it.
  As far as results go &#8230; I posted this equity 
  chart before and I&#8217;ll post it again.   Personally I&#8217;m quite comfy 
  trading this system.  I can triple the returns while only doubling the 
  DD&#8217;s by using margin but I don&#8217;t usually go down that road.  If you have 
  a system that has a MAR over 20 with low UI then maybe we should all listen 
  up.  The system you are describing sounds very like Raschke&#8217;s &#8220;grail&#8221; 
  system which is hardly earth shattering and hardly without its losses.  
  If you&#8217;ve modified, tested and made it significantly better then that&#8217;s 
  wonderful but I am at best bewildered that you&#8217;d trade anything where you 
  didn&#8217;t know going in what to expect in terms of returns and dd&#8217;s.
  .<SPAN 
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