|
PureBytes Links
Trading Reference Links
|
despite your performance or your experiences, i'd be careful of ANY trader
who uses definitive generalizations about ANY aspect of the market.
the 'TRUE NATURE' of the market is still unknown to you. unless of course
you can paint a picture of the FUTURE.
and you can not.
-----Original Message-----
From: Mark Brown <markbrown@xxxxxxxxxxxxx>
To: Omega List <omega-list@xxxxxxxxxx>
Date: Monday, June 14, 1999 10:34 AM
Subject: Re: Continuous vs Perpetual - which one is the best!
:People are the price action of a market. What is the sane thinking that is
:the mean of a market? Well, I can tell you what its not. It's not the
tail
:end of a contract expiration. I would hate for my system to be at the
:apparent mercy of a bunch of desperate rookies who are working for some
:company as a hedge trader. That is precisely what you are doing if you
use
:a price series that is not perpetual blended. You are trading a false
:cyclical, panic attack at the end of each contract. Then you are trying to
:make some technical sense of this and apply a system to it. How wrong?
:Come on if you want to find the true nature of a price series than you
would
:want to dismiss the radical non predictive, panic stricken rush to cover
:hedge positions at the end of a commodity contract. Or would you? No if
:you have a gambler trend following method that could capitalize on such
:false volatility then fine. Just remember thought you may also be on the
:opposite side of the trade one day and then there will be a pay back.
:
:Mark Brown
:
:
|