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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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