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Re: Risk of Welfare



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In a message dated 07/15/2000 6:55:32 PM Eastern Daylight Time, 
anthmaas@xxxxxxxxx writes:

<< - Why is there so much negativeness in many mailings?
 - Are the members of Group 1 the only ones having some kind of SIGNALing 
system
 - If not, then why don't the other  -bragging/know it all-  repliers in 
Group 2 start posting
   their system signals?
 - Better, why isn't anyone else on the List posting his/her's signals? >>

I don't know exactly in which group I should put myself but I Will try to 
answer your question.

- I guess it's is difficult to be positive with some affirmative statements 
when it's obvious that basic research has not been done thoroughly.
- A lot of people have Signaling systems but some have learned that good 
signals is only a part of making money on the markets. Risk Control and 
position sizing are at least as much important. Without indication of those 
components of the trading strategy a signal is worthless.

- I will post the signals of our system on this list but I want to make clear 
that I am not looking for clients (as a matter of fact I am rather looking 
for traders with good systems). I mostly work for Institutions or few HNWI.

For Sundat night, we have a signal to SELL 7 September J-Yen at . 9374 for a 
$400,000 portfolio (I choosed this portfolio size because it makes a round 
number of contracts, I think that there is now a J-Yen e-Mini) with a stop at 
.9602. We trade indifferently day or night session.

To answer to those that may think that I may have a liquidity problem during 
the night if I have to unwind (on a stop) a substancial position, in such a 
case I trade the cash  and work the future the followin(s) day. This ism 
usually not an issue on the J-Yen but may be one for instance on the Aussie.

Unless we are stopped, I will post the exit signal on this list BEFORE we 
trade it.

I hope this may be of some interest .

Jean Jacques.