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Rick:
You said it loud and clear!
Right on!
While most of the subscribers to this listserver understand elementary math
(arithmetic and algebra), there appear to be some folks that do not.
>From what I've read the reporters of the Wall Street Journal appear to be
mathematically impaired.
regards
Lionel
-----Original Message-----
From: Rick Mortellra <rmjapan@xxxxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Wednesday, February 24, 1999 5:07 PM
Subject: Re: S&P 500 (was AOL, CSCO, & WMT)
>Glen,
>
>Nothing wrong with keeping an open mind on trading ideas. That's one of
>reasons I've stayed on this list despite my limited use of MetaStock. But
>the Doc's claims are mathematically ridiculous. Just a few quick punches
on
>calculator will make it obvious that a few more months like that and the
Doc
>wouldn't be able to hide behind his anonymity. He'd be on the cover of
>Forbes.
>
>Think about it. Every $1 he started with was worth $312 after only 2
months
>of trading! As one who's spent his professional trading life building
>trading and money management systems based on sound math I find his posts
>lacking integrity. If he wants to prove himself, then let him provide the
>security symbols, the number of times he traded each one, and his gearage.
I
>can do the math from there, no broker statements required. If he is
>truthful, we'll have all the info we need to evaluate his claim and decide
>for ourselves. And if he's lies, it will be easy to expose him. I haven't
>wasted my time visiting his web site simply because if I had something as
>profitable as this to sell, I couldn't bill anyone's credit card because
>it's price would exceed their credit limit. At least it would mine :-(
>
>The trading biz is full of false prophets and outright charlatans. Most of
>their claims are based on bad math. As an example, I'm listening right now
>to Mr.. Manic-Depressive, aka Ralph Acampora, tout the Dow tripling in 12
>years. Sounds fantastic and incredibly bullish, but a quick calculation
>shows a yearly return of ONLY about 9.5%! That's less than the 11%+
>historical average!
>
>Trading is not for the mathematically impaired. If high school algebra was
>tough, you need to find another way to make money.
>
>cheers,
>Rick
>
>PS. Sorry for being harsh, but this is NOT a nice business.
>
>
>
>-----Original Message-----
>From: Glen Wallace <gcwallace@xxxxxxxx>
>To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
>Date: Thursday, February 25, 1999 6:34 AM
>Subject: Re: S&P 500 (was AOL, CSCO, & WMT)
>
>
>>Bravo, Lino. Let's not blast someone simply because they are proud of
>their
>>apparently high returns and achievements. Instead, let's see if we can
>>learn from them and improve our own work. If they are willing to share,
I
>>will always listen and keep an open mind.
>>
>>On the other hand, if I may be so bold, bravado simply for the sake of
>>stoking one's own ego (and this is *not* directed at Doc) has no place
>here.
>>
>>Challenging a person's claims is valid, but let's leave the flaming to
>AOL's
>>chatrooms, OK? I wouldn't want people to hold back their ideas for fear
of
>>being roasted.
>
>
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