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Re: I want to purchase a TS: Summary



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I think I've what you want ! How much you would/can spend ?
Best Regards & Many Thanks
Frank

Alfredo Simas wrote:

> Hi,
>
> I would like to kind of summarize for you the replies I got to my
> question concerning the purchase of a Trading System:
>
> I received many messages saying that such a system does not
> exist.
>
> Some replies were in the line of "Why not give your money to
> charity so you will at least do something worthwhile." Others were
> like that: "Are you serious? Don't think such a thing exist, or the
> developer would ever sell it, and if there is, he's too busy living it up
> in the Bahamas." or "Of course, if any of us had this system, we'd
> be very happy [I am guessing MB would buy Omega and turn it into
> a charity for destitute newbie traders] and very rich."
>
> Others just told me to take my time and do my homework.
>
> These comments were all very enlightening and highly educational
> to me. It seems that you experienced traders don't believe in
> buying trading systems. It also seems that either you don't have a
> good trading system or you will not share it.
>
> Ralph Vince in his book "Portfolio Management Formulas"  wrote a
> completely different assertion:
>
> "If, like so many people, you do not believe you can find a decent
> system for sale, you are sadly mistaken. True, most systems that
> are for sale are junk, yet some are very good, and some are terrific".
> and he completes: "systems, like market ideas, are 99.73% junk".
>
> My question to all of you is:
> Aren't you guys validating the random-walk hypothesis? Why are
> you still in this business?
>
> Any comments will be gladly appretiated.
>
> Alfredo