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Lawrence:
GOOD POST. Ergo...further confirmation of my #6 of 21 CARDINAL RULES FOR
TRADING...
#6 Rule: FOLLOW THE SIGNALS - NOT THE CENTS!
I can assure everyone that the market cares not a wit about
- how much you're "into" or "out of" the market,
- how much profit you have (or don't have), or
- how you need just "...a few more points..." to catch up on that delinquent
charge account.
When the signals "tell" you to get out, put your ego in your back pocket and
GET OUT!
So much for today's preaching
----- Original Message -----
From: "Lawrence Price" <lprice1023@xxxxxxxxxxxxx>
To: "Omegalist" <omega-list@xxxxxxxxxx>
Sent: Monday, September 18, 2000 12:43 PM
Subject: Re: Evaluation of commercially sold tradesystems
> I think that Mark's comments concerning trader discipline to be right on
the
> point. I have myself regularly closed trades early or have not taken
signals
> from systems that are robust and performing properly. It is very
difficult to
> not second guess the system. And yet, over and over again it has proven
> better to stay with the system. It is very difficult, particularly in
periods
> when draw downs occur.
> Lawrence Price
>
> Larry Winbauer wrote:
>
> > Hi Mark,
> >
> > Are any of the systems that you feel are tradeable available
> > commercially or are they proprietary systems? Can you name any? If not
> > tell us generally methodologies?
> >
> > I trust some are long term (weeks and months in a position) and some are
> > short term (days and weeks), and some are daytrading systems. Which do
> > you prefer and why?
> >
> > By the way, thank you for pointing out that futures truth is not so
> > truthful. Someone can lie or mislead by telling an untruth or by
> > omission of known facts. Not disclosing somehthing is as big lie as
> > outright misleading someone.
> >
> > Larry Winbauer
> >
> > Mark Brown wrote:
> > >
> > > Hello Alex,
> > >
> > > AA> So, I'd appreciate some feedback on my question.
> > >
> > > AA> Alex.
> > >
> > > i would defiantly NOT belive ANYTHING that Futures Truth puts out.
> > > They have flat out misrepresented systems in the past such as
> > > Aberration and Catscan - specifically failing to disclosed that the
> > > developers of these systems curve fitted to keep ranking up and yet
> > > this was not fully disclosed.
> > >
> > > what gets me in this business is that people have hard time from
> > > separating a good feeling that they have personally for someone with
> > > how their stuff performs. many people like larry williams and i'm
> > > sure he a charismatic type guy so what does the stuff work and hold
up?
> > > tom demark is an impressionable guy and george lane and on and on
> > > name a million of them here.
> > >
> > > this is a black and white numbers game - either it works or it
doesn't.
> > > i have many systems that i feel are very tradable and will hold up
> > > over the long term - what usually blows up is the traders willingness
> > > to stick with it. that willingness is directly correlated with how
> > > thorough a trader understands what it is they are doing and how they
> > > are employing that system/ method ect. it takes years and years of
> > > hard work to even understand yourself and many never get it. in fact
> > > most never will get it - it takes an inverse thinker to trade the
> > > markets with long term success, and most models are focused on
> > > pleasing the short term objectives of "the public".
> > >
> > > i guess what many people are after is who makes me feel the best and
> > > special? and thats usually NOT what makes money.
> > >
> > > we can discuss all the models you want name some..
> > >
> > > --
> > > Best regards,
> > > Mark Brown mailto:markbrown@xxxxxxxxxxxxx
> > > Y = Offset + Amplitude * sin(Frequency * X)
>
>
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