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[amibroker] Re: PA% Upper limits - was {Absolute value ATR?---> and some hope for building a sy}



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Trading Reference Links

http://en.wikipedia.org/wiki/Larry_Williams_(trader)

http://www.robbinstrading.com/worldcup/standings.asp

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--- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@xxx> wrote:
>
> Howard,
> 
> >Any time someone suggests a growth of more than about 40% per 
year, 
> >take that with a very large grain of salt.
> 
> I expected you to disagree with my statement.
> I'm sure a lot of traders would be aghast at the numbers I quoted 
as 
> the theoretical potential.
> 
> At his website Professor John Price posts audited returns of approx 
> 20-25% PA over a 5 year period, or more, using simple Techno-
> fundamental methods (as I recall the figures).
> 
> The caveat there is that the sample period is short and selective.
> 
> Trading on margin that would return 30-35% PA with less than half 
an 
> hour a days work and no effort to use any other timing mechanisms.
> 
> If your statement is true we can all give up any further efforts 
and 
> simple trade his method.
> 
> Similarly, the ASX, which is a high dividend paying market (due to 
> franking) has total returns of in excess of 15% PA on average over 
> longer time periods.
> Using simple leveraged buy&hold strategies that is 20-25% without 
any 
> ongoing effort required what-so-ever.
> 
> In "Stock Market Wizards", Schwager, Jack.D, Harper Business 2001 
the 
> first page of the first chapter in the book quotes Stuart Walton, 
> fund manager, who achieved "115 percent average annual compounded 
> return in trading profits" un 8 consecutive years during the 
nineties.
> 
> As I understand it Schwager's books are well researched and based 
on 
> verifiable case studies?
> 
> I only opened the book at the first chapter and didn't need to go 
any 
> further or to his other 2 books containing similar testimonies.
> 
> brian_z
>




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