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the world still does not have one single
> open source system that can trade successfully
> in a market without being "normalized" or
> "discounted" in a few years.
Although this is possible I tentatively disagree with this statement. A
robust system (mechanical or discretionary) will continue to work in all
markets and in all time frames.
----- Original Message -----
From: Lawrence Chan <stnahc@xxxxxxxx>
To: Peter Hoon <phoon@xxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Friday, February 09, 2001 8:19 AM
Subject: RE: Drumond market geometry
>
> To trade successfully based on discretion has
> nothing to do with a high probability system
> or great secret patterns - its all about "luck".
>
> The "luck" to be a very hard drive person.
> The "luck" to be a logical person.
> The "luck" to be an open-minded person.
> The "luck" of being not a person like to
> screw with system trading.
>
> All of the above are "luck" - if you are not
> born with that, it is not likely you can trade
> successfully with discretion. To summarize all of
> the above - cut your losses and move on in realtime!
>
> On the other hand, those who are less lucky but
> thought that they are "logical" (most likely
> have an "idea" from reading charts of some
> "reliable" patterns) will keep trying to make
> their own little secret trading system that will
> hopefully make a killing from a tradable market.
> Thanks to TradeStation's successful marketing that
> molded the world into thinking they can test before
> they trade, the world still does not have one single
> open source system that can trade successfully
> in a market without being "normalized" or
> "discounted" in a few years.
>
> 90% of both camps fail - oooops, wrong number,
> it is 99.99999% to be exact :)
>
> I will repeat the same negative opinion that I
> give to all newbies - give up before you lose
> everything you have.
>
> Great trading models and techniques from really
> successful mentors are not available unless,
>
> 1. you pay up - good models are pumping money out
> day in and day out, anything less than a few mil
> is a joke if you want to see how they work. maybe
> with a lease term you can get some decent ones at
> $200K to $500K a year.
>
> 2. he likes you personally -
> so you are "luck" because he knows you personally!
>
> I think I answered the questions very indirectly :)
>
> -Lawrence
>
>
> --- Peter Hoon <phoon@xxxxxxx> wrote:
> > Would welcome criticisms, disagreements, rebuttals,
> > especially from Drummond
> > traders, of the following impressions upon visiting
> > the Drummond Geometry
> > website (www.Tedtick.com):
> >
> > (snip all)
>
> =====
> Lawrence Chan http://www.tickquest.com
> Innovative Analytical Software for Trading Professionals
>
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