Dunno about
the quote, but it probably is the same as saying that most systems to not
perform over the long term. And backs up the argument that you need to have an
overall ‘strategy’ consisting of an array of ‘systems’
for different market conditions… and always keep one big eye on what the
big picture is and adapt accordingly?
From:
equismetastock@xxxxxxxxxxxxxxx
[mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of metastkuser
Sent: Tuesday, June 28, 2005 10:53
PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group]
Transaction costs versus trading profits
I can't recall exactly who (either LeBeau or Tharp) but one of them
commented that long term, most system's profits
are not much greater
than their transaction costs.
I found this to be hard to believe. At first I
thought it might be the
case for small accounts. But even for the small
accounts, I don't
believe this -- especially with brokerages like
Interactive Brokers
($1 minimum commissions).....
YAHOO! GROUPS LINKS