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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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