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Harry, as you know trading has been a full time job for me for many
years. I use the same approach as I did when I was a GP of a VC firm
or as the CEO of various companies. It's hard to win if you don't know
the field you're playing on.
As I have said in my articles, after all the analysis, I keep coming
back to two things. Trading from prescreened lists that have a long
track record of success and that clearly define their picks gives
equity traders a very high edge and increases the rate of success
dramatically. The other thing is nothing makes more money over long
periods of time, such as 20 to 30 years, as buying, holding and
re-balancing asset classes annually. Individuals can't overcome
regression to the mean over the long run so individual trading years
may beat the asset class model, but averaging returns over the entire
span of 30 years, trading returns aren't any better. (For 98% of
traders, they're worse!)
I think you and I are on the same page with most of this. But you are
right, all of the testing, checking, comparing and analyzing takes a
lot of time. However, the rate of pay is worth the effort--most of the
time at least.
In a couple of months Roy and I are going to have a surprise treat for
all of you that will answer a lot of trading questions on indicators,
systems, returns and strategies.
Super
--- In equismetastock@xxxxxxxxxxxxxxx, "Harry M. Ward" <hmw3@xxx> wrote:
>
> Where do you find the time to locate all these comparisons?
>
> Harry
>
>
> On 5 Apr 2008 12:37:26 -0000, "superfragalist" wrote:
>
> >>http://boards.fool.com/message.asp?mid=23233110
> >>
>
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