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PureBytes Links
Trading Reference Links
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Thanks.
--- In Metastockusers@xxxxxxxxxxxxxxx, Tony <TraderSeven@xxxx> wrote:
> 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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