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Hi John ,
Where is this list ?
Rajesh
John Manasco wrote:
> Guy
>
> I don't know anything about the Balsara book. Actually I don't know anything
> about Ralph Vince's book either, I just read other peoples mail <g>. I'm
> going to forward a post from the Realtraders list shortly that has some
> interesting discussion of optimal f and other position sizing systems.
>
> John Manasco
> ----- Original Message -----
> From: Guy Tann <grt@xxxxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Saturday, July 08, 2000 4:42 PM
> Subject: RE: Risk of ruin, amount per trade formula?
>
> > John
> >
> > Here I come from a basis of ignorance again, but is the Balsara book and
> > charts we're using based on Optimal f? I'll have to ask my brother as I
> > haven't received my copy yet. All I can say is, if it is, it appears to
> be
> > working for us since we've weathered two major losses without a problem
> and
> > are currently building some substantial equity positions. Granted, the
> only
> > thing we've done is reduce our investment to 33% from 50%. It has made a
> > significant difference.
> >
> > Guy
> >
> > Paranoia...you only have to be right once to make it all worthwhile!
> >
> > -----Original Message-----
> > From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On
> > Behalf Of John Manasco
> > Sent: Saturday, July 08, 2000 4:57 AM
> > To: metastock@xxxxxxxxxxxxx
> > Subject: Re: Risk of ruin, amount per trade formula?
> >
> > I wish some of you guys would get on the Realtraders forum. They recently
> > had a fairly lengthy discussion on the optimal f formula and came to the
> > conclusion that it was not only worthless it would almost guarantee ruin
> if
> > implemented at the wrong time. But the better conclusion is to join the
> > Realtraders discussion forum as they have some very bright professional
> > traders who like to share their knowledge.
> >
> > John Manasco
> >
> > ----- Original Message -----
> > From: Guy Tann <grt@xxxxxxxxxxxx>
> > To: <metastock@xxxxxxxxxxxxx>
> > Sent: Saturday, July 08, 2000 1:38 AM
> > Subject: RE: Risk of ruin, amount per trade formula?
> >
> >
> > > Thanks Glen.
> > >
> > > While all three of us have backgrounds in math, statistics and
> economics,
> > we
> > > really haven't spent the time necessary to dive into Vince's books. I
> > think
> > > that's why my brother took the easy way out and went with Balsara's
> > charts.
> > > :)
> > >
> > > Guy
> > >
> > > Paranoia...you only have to be right once to make it all worthwhile!
> > >
> > > -----Original Message-----
> > > From: owner-metastock@xxxxxxxxxxxxx
> > [mailto:owner-metastock@xxxxxxxxxxxxx]On
> > > Behalf Of Glen Wallace
> > > Sent: Friday, July 07, 2000 6:49 PM
> > > To: metastock@xxxxxxxxxxxxx
> > > Subject: Re: Risk of ruin, amount per trade formula?
> > >
> > > To add to Guy's comments, Ralph Vince's first book, "Portfolio
> Management
> > > Formulas," has a comprehensive chapter on risk of ruin. His second
> book,
> > > "The
> > > Mathematics of Money Management," contains a condensed version of his
> > first
> > > book in the first chapter, but glosses over risk of ruin. Both are
> > > excellent
> > > books and easily the most important books in my bookshelf. They are
> not,
> > > however, for the mathematically challenged.
> > >
> > >
> > > ----- Original Message -----
> > > From: "Guy Tann" <grt@xxxxxxxxxxxx>
> > > To: <metastock@xxxxxxxxxxxxx>
> > > Sent: Friday, July 07, 2000 5:20 PM
> > > Subject: RE: Risk of ruin, amount per trade formula?
> > >
> > > > Sonny and Mike,
> > > >
> > > > I made an error here. We bought the following books from Amazon.com:
> > > >
> > > > The new Money Management by Vince
> > > > The Mathematics of Money Management by Vince
> > > > Money Management Strategies for Future Traders by Balsara
> > > >
> > > > The "Risk of Ruin" chart we're using came from the Balsara book
> > (according
> > > > to my brother). I'm ordering my own copy.
> > > >
> > > > I'm sorry if I misled anybody.
> > > >
> > > > Guy
> > >
> > >
> > >
> >
> >
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