|
PureBytes Links
Trading Reference Links
|
Hello Kathay,
There is nothing wrong with your questions however (I believe that) Jose is
doing his best to help you to grasp one of the most fundamental truths that
you need to understand in order to become a successful trader; nobody is
going to do it for you. If you are not sufficiently knowledgeable to
develop your own trading strategy, then it is far too early for you to be
considering putting your money on the line. I strongly suggest that you
spend a lot of time on this forum where you will witness both new and
experienced traders developing their trading expertise right in front of
your eyes. Pay attention, learn from them and then become one yourself.
Nobody can guarantee that a system will be consistently profitable, whether
it be a system that you have knocked up yourself in two minutes or paid
several thousand dollars for. Trading is a game of probabilities; losses
are an overhead of the business. If trading was a surefire way of getting
rich, nobody would sweep the streets or serve your burgers anymore. I can't
comment on the 'profitablity' of the commercial systems that you have
mentioned because I am extremely sceptical about all of them. You will find
that the track records of most, if not all, of them have been curve-fitted
and have NOT been traded. If they had, the results would have been
completely different.
As Jose quite rightly points out, if these systems are cash machines, why
don't the owners just switch them on, sit back and reap the limitless
rewards rather than waste their valuable time dealing with bozos like me?
Why doesn't Merrill Lynch spend five thousand bucks on one, get rid of
their whole trading floor (except for one guy), and have clients beating a
path to their door? Mmmm, I wonder why not.....
Sorry, Kathay, I'm afraid that you are going to have to do some work. Let's
get started......
Regards,
Kevin
At 13:08 30/01/2005 +0000, you wrote:
>
>
>
>Jose,
>
>I agree that the best way should be designing the trading system of
>your own. But what if you are not knowledgeable enaugh to make it?
>Or system you invent is not robust enaugh and fails in a short time?
>
>If you check futurestruth.com you can find some robust commercial
>trading systems, like those from Mesa or Master family profitable
>over many years. I don't want to convince anybody that those systems
>are almost Holy Grails. But can you bet that your own system(s) will
>never fail and will be constant profitable?
>
>Kathay
>
>
>
>
>
>
>
>Yahoo! Groups Links
>
>
>
>
------------------------ Yahoo! Groups Sponsor --------------------~-->
In low income neighborhoods, 84% do not own computers.
At Network for Good, help bridge the Digital Divide!
http://us.click.yahoo.com/EpW3eD/3MnJAA/cosFAA/zMEolB/TM
--------------------------------------------------------------------~->
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/Metastockusers/
<*> To unsubscribe from this group, send an email to:
Metastockusers-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|