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



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Fred,
Admitting mental failings was, as you might imagine, extremely difficult
for me. Hoping against hope to regain some dignity, I checked your posts
and found a couple.

"I don't trade stocks or etf's for that matter because the DD's on any
system I've ever written or seen or just TOO big for my stomach"
"As I said however, I do NOT trade stocks or ETF's, with MF's this is a
non issue as the trade is either recorded before 4:00 or it isn't"

Did you ever furnish results for anything other than QQQ, the daddy of
ETFs?

AwakenedBob









-----Original Message-----
From: Fred [mailto:fctonetti@xxxxxxxxx]
Sent: Wednesday, April 09, 2003 9:11 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: Larry Williams Inner Circle Review


Bob,

You didn't mis-remember anything ... Although I could be wrong I
don't think I said I ONLY traded MF's, but nevertheless the equity
graph posted is for a MF trading system.

--- In amibroker@xxxxxxxxxxxxxxx, "Bob Jagow" <bjagow@xxxx> wrote:
> Re: Larry Williams Inner Circle ReviewJeez, Fred, I'm
flabbergasted -- to
> think that I mis-remembered you saying you only traded MFs.
>
> Like my mentor, Dan Q said, "What a terrible thing to have lost
one's mind.
> Or not to have a mind
> at all.  How true that is."
>
> MindlessBob
>   -----Original Message-----
>   From: Fred Tonetti [mailto:ftonetti@x...]
>   Sent: Wednesday, April 09, 2003 8:25 PM
>   To: amibroker@xxxxxxxxxxxxxxx; phsst@xxxx
>   Subject: [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'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 "eyeballing" it.
>
>   As far as results go . I posted this equity chart before and I'll
post it
> again.   Personally I'm quite comfy trading this system.  I can
triple the
> returns while only doubling the DD's by using margin but I don'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's "grail" system which is hardly earth shattering
and
> hardly without its losses.  If you've modified, tested and made it
> significantly better then that's wonderful but I am at best
bewildered that
> you'd trade anything where you didn't know going in what to expect
in terms
> of returns and dd's.
>
>   . <<...>>
>
>
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