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Mark Brown doesn't believe in betsize selection (a/k/a
"money management") as a way of growing trading
profits geometrically. He requests a trade-by-trade
summary of Aberration from 1/1/1997 to the present,
on a onelot basis. He thinks that the average profit
per trade (on onelots) is negative, but one super-big
winner somehow made up for all the losers.
Of course he forgets that this doesn't explain the
three *separate* winning time periods
(1/1/97 to 12/31/97, profit +$118K) and
(1/1/98 to 12/31/98, profit +$102K) and
(1/1/99 to 05/13/99, profit +$200K).
But, because it's fun to watch him splutter and
scream (I, MARK BROWN, AM THE ONLY PERSON YOU
CAN TRUST, EVERYONE ELSE IS A LIAR. CLUB 3000 IS
FULL OF LIARS. FUTURES TRUTH ARE LIARS. OMEGA
LIST IS FULL OF LIARS.), I have decided to comply
with his request. Attached to this email is a
complete list of Aberration trades one a one-lot
basis, from 1/1/97 to the present.
I'm doing this even though Mark Brown has not yet
apologized or acknowledged his error in quoting
some weird remark about "trading the system your
brother markets". I guess Mark Brown feels he
never makes mistakes and hence never needs to
admit an error or apologize. He is, after all,
the only person you can trust.
The tail end of the attached summary says this:
[ .... ]
HO enter short 19981118 exit short 19990305 onelot $ 1436.40
NG enter short 19981201 exit short 19990311 onelot $ 650.00
HG enter short 19981203 exit short 19990414 onelot $ 1387.50
BP enter short 19990112 exit short 19990505 onelot $ -162.50
US enter short 19990112 exit short 19990524 onelot $ 5531.75
DM enter short 19990201 exit short 19990524 onelot $ 5187.50
TY enter short 19990205 exit short 19990524 onelot $ 4343.50
JO enter short 19990212 exit short 19990513 onelot $ -735.00
SF enter short 19990212 exit short 19990524 onelot $ 6237.50
FY enter short 19990216 exit short 19990524 onelot $ 2343.75
TU enter short 19990216 exit short 19990524 onelot $ 1233.38
MB enter short 19990302 exit short 19990407 onelot $ -1656.50
MB enter short 19990512 exit short 19990524 onelot $ -250.00
======================================================================
Total profit on onelot basis 326485.43
Winning trades 185
Losing trades 169
Total trades 354
Average trade on onelot basis $ 922.27
As you can see, the system was profitable even on a one-lot
basis. Although why anyone would trade on a one-lot basis
after reading Ralph Vince's book PMF, is a mystery to me.
One-lot trading gives profits that grow linearly with time.
Geometric betsize selection gives profits that grow
exponentially with time. Exponentially is better :-).
In closing, Mark Brown can keep yelling. I'll keep the $421,000
of real-life, real-market, real-money profits.
Best regards,
Attachment Converted: "c:\eudora\attach\ab_trades.zip"
--
Mark Johnson Silicon Valley, California mark@xxxxxxxxxxxx
"... The world will little note, nor long remember, what we
say here..." -Abraham Lincoln, "The Gettysburg Address"
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