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Well stated, Steve! Bravo!
<p>All of us shouldn't have to spend our time reinventing the wheel.
<p>Larry
<br>____________
<p>Steve Karnish wrote:
<blockquote TYPE=CITE>Nicholas,
<p>Instead of asking someone who doesn't have any confidence in indicators
and
<br> believes:
<p>"traders spend much too much time creating indicators. None of these
<br>indicators in the long run will give you more than a 50:50 chance at
making
<br>money."
<p><font color="#FF0000">Shouldn't you concentrate on traders that have
had success with indicators</font>
<br><font color="#FF0000">and ask the them what they are using? Generalizations,
like the above</font>
<br><font color="#FF0000">quote, are often, rationalizations for individuals
that are incapable of</font>
<br><font color="#FF0000">applying indicators properly.</font><font color="#FF0000"></font>
<p><font color="#FF0000">Steve Karnish</font>
<br><font color="#FF0000">CCT</font>
<p>----------</blockquote>
</html>
</x-html>From ???@??? Fri Apr 23 12:51:07 1999
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Subject: Re: Money management
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> None of these indicators in
> the long run will give you more than a 50:50 chance at making money.
Probably just a misunderstanding. Unstated was "without money managment.",
which was the subject of the e-mail.. That's the way I read it anyway. Can't
say if that's what he meant.
Regards,
Ken
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