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



PureBytes Links

Trading Reference Links

http://en.wikipedia.org/wiki/Larry_Williams_%28trader%29

--- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@xxx> wrote:
>
> http://en.wikipedia.org/wiki/Larry_Williams_(trader)
> 
> http://www.robbinstrading.com/worldcup/standings.asp
> 
> Scroll down for historical results.
> 
> --- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@> 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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