|
PureBytes Links
Trading Reference Links
|
Nick
As far as my back testing results it was a pattern
I saw show up repeatedly when testing long only trading systems. I had only
been testing 20 years and somehow got the idea to try 30, to level the
playing field so to speak. Both ways the most common gain was 10% over buy and
hold. You must remember that is a smoothed result, I am not saying in any 5 year
period you couldn't do better.
I feel that by not going short or doing a paper
trade in place of a short when a sell order when it comes up than you are doing
yourself a disservice. Maybe its because going long only requires that you be
optimistic instead of realistic.
BTW what reason would you have for being adverse to
going short. I am assuming that you are watching your trades. Lord knows that
down is faster!
Regards Martin
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Nick Leong
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="">Metastockusers@xxxxxxxxxxxxxxx
Sent: January 16, 2003 5:47 AM
Subject: Re: [Metastockusers] Full time
private trading... ... an unattainable dream?
Hi Martin,
I guess I would probably belong with that group as I am rather
adverse to "going short". While I am in no way doubting your methodology
or research integrity, I believe that no back test in this world can
substitute live trading. Unless of course you want to tell me that you have
actually traded for a large part of those 30 years and have largely been
profitable.
Nick
Martin Blain <martin@xxxxxxxxxxxxxxx> wrote:
<BLOCKQUOTE
>
Nick
I am curios how often you sell short if at
all.
I find some are leery of doing this.
I done some studies with software testing over the past 30 years
and "long only" you could probably do 10% better than the
market.
Regards Martin
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Nick Leong
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="">Metastockusers@xxxxxxxxxxxxxxx
Sent: January 15, 2003 7:29 PM
Subject: [Metastockusers] Full time
private trading... ... an unattainable dream?
Hi group,
I’ve been reading some
articles about the hedge fund management industry and how most funds
sustained losses over the past 2 years especially since Sept 11 and the US
corporate scandal. This is coupled with a statistic I read that most
novice traders leave the trading arena after about 3 months. These events
really got me thinking… … is it really possible for one to be a full time
private trader?
I’ve been trading privately
for about 4 years not and like most of you I’ve had my ups and downs. I am
a firm believer that trading the market is a zero sum game. Someone MUST
lose in order for me to make a gain. However, the law of averages dictates
that it is just not possible for anyone to be winning all the time. That
being the case, is it actually possible for anyone to be a full time
private trader (i.e. trade using only his own money and make a living out
of it)?
The only possible way for one
to make money is possibly to be engaged in the right market at the right
time, e.g. to switch between the equities/futures/derivatives markets or
switch between the US/Europe/Asian markets. But we must also remember that
a private trader does not have the resources or the mental capacity to
handle so much information or research at a single time. What option would
be left then? To specialise and trade only in specific markets and sit
things out when everything is not going well? Do not forget that a
downturn in the market can last for years.
We can go into the nitty
gritty and say that we must set up stops to prevent losses, but I’m sure
most of you have been in the situation where you were stopped out too
early or you had given so much room before being stopped out that you
suffered a painful loss. Don’t get me wrong, I believe that trading and
investing is an art and there is no one mechanical way of getting the
right results. Ultimately, we are all looking for one thing… …PROFITS.
However, I have come under the increasing impression that the odds are
severely stacked against the private trader.
I look forward to hearing from
you guys on this matter.
Thanks.
<SPAN lang=EN-GB
>Nick
Leong
Do you Yahoo!?<A
href="">Yahoo!
Mail Plus - Powerful. Affordable. <A
href="">Sign up
now To unsubscribe from this group, send an email
to:Metastockusers-unsubscribe@xxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
To unsubscribe from this group, send an email
to:Metastockusers-unsubscribe@xxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
Do you Yahoo!?<A
href="">Yahoo! Mail
Plus - Powerful. Affordable. <A
href="">Sign up
now To
unsubscribe from this group, send an email
to:Metastockusers-unsubscribe@xxxxxxxxxxxYour use
of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
Yahoo! Groups Sponsor
ADVERTISEMENT
To unsubscribe from this group, send an email to:
Metastockusers-unsubscribe@xxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|