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You wrote: "....Real traders don't trade out loud. Anyone repeatedly
posting their
trades or methods generally wants clients and your money--if not now,
sometime in
the future.... That's fine, but it points to the underlying "merits" of
their
trading systems (ie. the need for trading capital not derived from their
system)."
Posting a trade when it is executed really does aid in your trading
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> From: Dirk de Vos <djdevos@xxxxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Risk of Ruin
> Date: Wednesday, July 12, 2000 2:14 PM
>
> FYI, anybody who knows squat about professional trading knows Mark B is
one of
> the better system traders in the country. He's easily worth millions
(hires his
> own programmers and created his own software package for trading, because
Omega's
> TradeStation was not good enough). (Jean Jacques also seems to be
professional
> trader.) Real traders don't trade out loud. Anyone repeatedly posting
their
> trades or methods generally wants clients and your money--if not now,
sometime in
> the future.... That's fine, but it points to the underlying "merits" of
their
> trading systems (ie. the need for trading capital not derived from their
system).
> Brown doesn't need anyone else's money; rather, he funds other traders
> occasionally. Last year, he was funding qualified CTA's with $500K for
starters,
> which is "chicken feed" for him. As the saying goes, "do as I do, not do
as I
> say...." Those who need capital because their systems aren't up to par
go
> fulltime into the advertizing business, for which this list provides a
convenient
> venue, among others. .
>
> Macromnt@xxxxxxx wrote:
>
> > In a message dated 07/11/2000 11:20:52 PM Eastern Daylight Time,
> > joeduffy@xxxxxxxxxxxxxxxxxxxx writes:
> >
> > << Last year on another list a guy (actually an astute guy, who makes
very
> > valuable contributions) posted several times that if anyone could
prove they
> > made money day trading he would give them $50K >>
> >
> > Not only I take the bet and I am not talking $50K, but I will also
suggest
> > for those who have found a great trading system to contact Commodities
Corp.
> > or Caxton for instance. Those people know what they talk about and if
your
> > system pass their test you are really on something. That's how Paul
Tudor
> > Jones or Louis Bacon have started.
> > Personally I am looking for great systems to give the best service
possible
> > to my clients (and to make as much money as I can in incentive fees). I
have
> > e-mailed privately to Guy to know more about what he is doing. Some
answers
> > to my questions go against everything that is widely accepted by the
most
> > respected people in the industry. A 33% risk per trade is definitely
> > unacceptable and shows that the string of losers study has been
neglected. As
> > to defining the risk as the initial margin, even if it works this is
> > unprofessional and despite Guy's 50 years combined experience looks
very much
> > like a beginner thing. It does not mean that there is no good but in my
> > opinion there is a lot of work to be done specially on the money
management
> > size. Having good signals is very far from been enough.
> >
> > Jean Jacques
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