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This is why you plot the equity curve and if there are problems,
suspend trading with your current systems until the underlying
problem is identified. Might be psychology. Might be your
system is going bad.
To work, you must trade often, otherwise the curve lags so
much that its useless.
- John
-----Original Message-----
From: Lawrence Price [mailto:lprice1023@xxxxxxxxxxxxx]
Sent: Wednesday, January 24, 2001 12:23 PM
To: omega-list@xxxxxxxxxx
Cc: omega-list@xxxxxxxxxx
Subject: Re: daytrading & money management
What this brings to mind is the important truth that systems trading is not
about winning with every trade but about a consistent growth in the equity
curve. Over and over again I have experienced periods when the systems lost
money and I was tempted to ignore signals. I found out the hard way.
Trading every signal of a robust system leads to profitability.
Lawrence Price
Mark Brown wrote:
> Hello david,
>
> either trade in multiples or do not lament over lost opportunity only
> look forward to future possibilities. in common texas talk so what if
> you miss a few especially if the good ones are much more plentiful in
> numbers.
>
> dbs> And for those times when the recoil never comes.....then what?
>
> >>exercise: next time you have a break out buy or sell - rather than buy
> >>the breakout - wait - wait until the price pop expires and collapses
> >>down as it is breaking down against what you would have previously
> >>bought. then buy - as the price is now going the opposite direction
> >>(down) that your whole being is fully committed to - can you do this?
>
> --
>
> Have a Great Day, Mark
>
> http://www.markbrown.com
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