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Thanks John,
I guess that's one way of looking at it. We're always in (at least in the
futures market).
BTW, I'm looking for your response to me options question. I have your post
of June 20 in front of me right now.
Thanks,
Guy
Never be afraid to try something new. Remember, amateurs built the ark,
professionals built the Titanic.
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of John Manasco
Sent: Thursday, August 10, 2000 6:43 AM
To: metastock@xxxxxxxxxxxxx
Subject: Jean Jacques comments to Guy
Sorry for renaming this thread but the old title seemed to have no relevance
to the current discussion.
As I understand Guy's system, and that's probably the worst assumption
anyone could make, he uses a stop and reverse approach. So while he doesn't
use stops in essence when his system reverses that is in itself a stop.
Maybe he doesn't call them stops but when his system signals him to reverse
a position it is telling him first to stop his current position and initiate
and new position in the opposite direction.
I use stops because my system isn't as good as Guy's and that keeps my
pucker muscles relaxed.
John Manasco
----- Original Message -----
From: <Macromnt@xxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, August 10, 2000 8:02 AM
Subject: Re: MARK BROWN BANNED FOR LIFE FROM REALTRADERS FORUM!
> Guy,
>
> I agree with you: luck has absolutely nothing to do. However I don't think
> that you are helping some new traders in the list when you say how right
you
> were not to have stops. It is like bragging to be right not to have fire
> insurance because your house did not burned down. Not to get killed once
is
> enough.
>
> Also there is nothing to brag about not managing OPM money: it's much more
> difficult to manage OPM money. You should not just make money: you should
> make money within certain rules: volatility, max drawdown etc.. Trading
your
> own money you can move some from your equity account to you futures
account
> you don't have redemptions after a string of losses, or a new big
allocation
> when you system is with an open position one month old.
>
> Guy, I know that you are trying to give your experience away and I
appreciate
> that but sometimes I really disagree with you because I don't find that
you
> push your analysis far enough and you give the results like something that
> has been fully studied.
>
> So no good luck but goo trading.
>
> Jean Jacques
>
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