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Why do you waste our time with posts like these?
1 - This is most definately OT, and should be earmarked as such.
2 - Do you not realize that people don't really care about your
thoughts on Ken Calhoun?
Post these ramblings somewhere else... like the ET forums... you'll
get plenty of thoughts and responses there.
--- In amibroker@xxxxxxxxxxxxxxx, "Pal Anand" <palsanand@xxxx> wrote:
>
> Optimizing the position size parameter is *precisely not* for
> gamblers, but for professionals or serious amatuers. In general,
> market timing is more important than selecting the markets
> appropriately. If one is not able to time the market accurately,
then
> the resulting volatility may very well blow their account. Hence,
the
> common mis-conception that taking unusual leverage has resulted in
> losses, but in reality it is market-timing that is way off. This is
> the dirty little secret about those so called professional sheeps in
> wolfs clothing.
>
> If one is not able to time the markets accurately, then one is
better
> off in not optimizing the position size parameter, and probably
better
> off in some other profession where there is minimal risk and leave
the
> multi-million dollar accounts alone. Otherwise, the resulting
optimal
> position size (not optimal f), even reduced by MCS simulation, may
> very well blow their account to thy kingdom come.
>
> I do agree here with Ralph Vince here, that for those profesionals
or
> serious amatuers, if they are not playing for optimal profits, they
> belong in an insane assylum. I also agree with Ken Calhoun, that to
> lose money because a trader is ignorant of his system's best
> parameters is foolish. Again, if my beliefs cause shock in others,
my
> sincere apologies...
>
> rgds, Pal
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