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Hello,
> have an exit strategy and some kind of money management.
HEAR! HEAR!
> Now here's a thought. If any of these black boxes worked very well,
> every trader in every banking house in the world would be using them.
> The bankrts have thrown hundreds of millions of dollars at trying to
> find away to beat a guy with a moving average. Guess what!
Give a super performing (blackbox) system to a 1000 people.
999 will go broke on it.
System bad?
Nope.
The person just questions the system. Hasn't steel nerves to live
through draw downs. And uses no money management.
Liquidity. Lots of systems require you to have a good starting
capital. $50k as a absolute minimum. Some say $250k
Making 0.5% on 250K gives a nice sum.
Making 0.5% on 5K doesn't even cover costs...
VERY VERY few systems outperform random entries....
Try to write a system with random entries.
See the results. A very humbling experience.
--
Tony
A man should look for what is, and not for what he thinks should be.
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