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RS
We trade a proprietary systems developed over the last 50 years or so that
runs approximately 75% probably of success (75% of our trades are
profitable). For years we have spent tons of hours and computer time
refining the system, but never paid any attention to money management,
assuming that with this system, we couldn't lose. <G>
Well, we're now paying more attention to money management. The risk of ruin
I referred to is from the following book, purchased from Amazon.Com.
Money Management Strategies for Futures Traders
By Nauzer J. Balsara
It appears that with our prior trading methodology, we were always running a
100% risk of ruin. Now we keep that risk to approximately 1%.
Regards
Guy
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of BuyersG@xxxxxxx
Sent: Thursday, April 08, 1999 1:59 PM
To: metastock@xxxxxxxxxxxxx
Subject: Re: hold on - Short re-summarize this system please
Please offer a concise summary of your Risk of Ruin system and to what it
can be applied ? A probability based on what? Money management
oriented?
If you are shorting a USA equity market during falling TYX trend of last 3
days
with decent earnings coming out then you could be in serious trouble.
RS
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