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Re: [amibroker] Exit Strategy (was Re: TJ: TASC February 2005 Traders Tips)



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Hi Pal,

The paragraph below both bores and tires me, sorry.  I don't think it
adds much to this board, and I'm not going to get into a discussion
with you.  Sorry I took your bait.

Yuki

Monday, January 17, 2005, 7:37:36 AM, you wrote:

PA> Hi Yuki,

PA> My conclusion is based on several years of walk-forward testing my
PA> system with real-data in real-time.  If you arrive at a contradiction
PA> in your evidence or your results, please check your premises: you
PA> will find that one of them will be wrong.  I would always verify and
PA> interpret my detected evidence as well as my detected results.  

PA> If I have failed to detect/verify/interpret evidence, and the price
PA> has collapsed, then my framework of evidence is not robust,  i.e., it
PA> has failed to gather the necessary evidence.  If instead, I have 
PA> gathered the evidence but failed to detect/verify/interpret the 
PA> results, then my signal detection system is not robust, i.e, it has
PA> failed to detect the signal.  Of course, it is also possible that
PA> both the framework of evidence as well as the signal detection system
PA> (architecture) is not robust enough.  The architecture stands or 
PA> falls with the framework.

PA> rgds, Pal
PA> --- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
>> Hi Pal,
>> 
>> Monday, January 17, 2005, 6:24:04 AM, you wrote:
>> 
>> >> And when we have the ability to partially liquidate a position,
>> >> some tests will make great sense that we simply cannot do right
>> >> now.  I'm waiting with such anticipation.
>> >> 
>> >> Yuki
>> 
>> PA> The only Exit strategy I would consider:
>> 
>> PA> The reasons I had when I entered a trade are no longer there, 
PA> i.e.,
>> PA> the framework of evidence, collapsed.
>> 
>> That's a great *philosophy* of trading, but it doesn't necessarily
>> translate into great trading.  Sometimes it works fine, but 
PA> sometimes
>> by the time you have enough "evidence" that your "framework of
>> evidence" has collapsed, so has price.
>> 
>> Yuki






PA> Check AmiBroker web page at:
PA> http://www.amibroker.com/

PA> Check group FAQ at:
PA> http://groups.yahoo.com/group/amibroker/files/groupfaq.html 
PA> Yahoo! Groups Links



 




 
Best,

Yuki



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