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This is what I call: Casting pearls before a swine...I dont need any
thoughts and responses, especially yours.
--- In amibroker@xxxxxxxxxxxxxxx, "Christoper" <turkey@xxxx> wrote:
>
> Why do you waste our time with posts like these?
>
> 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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