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Personally, I can't see the point of trading unless you design your own
system or whatever. But to assume that one of the prerequisites to good
system design is a fat bank account seems to equate brains with money.
This is not always true.
Regards,
Monte
DH wrote:
>
> This isn't directed at any particular individual. Just some general
> comments.....
>
> > If a system writer has $100,000 to trade with then sure
> > they don't need to sell their system or set up a trading
> > fund using it etc. But, those who don't have 100K trading
> > accounts to start, well, another source of income is needed
> > till the account size is large enough to support one.
>
> So, let's see here. Here's this guy with a super-duper system. He
> doesn't have enough money to fund a trading account. He has never traded
> his system with real money but, according to him, it's really really
> good, honest, really. Of course, he is not willing to disclose the code.
> It's all black box and I have to take his word that he isn't using any
> of the well-known tricks and gotchas in system design that give you
> super backtest results but trade like sh*t realtime. So, I'm going to
> send him a bunch of my hard-earned money to buy this system which has
> never seen combat. Or, better yet, I'm going to send him a BIGGER bunch
> of my money and let him manage it for me while he learns to trade.
>
> Yeah, right.
>
> If it's really that good, borrow the money, sell your house, sell your
> car, max your credit cards, whatever. Eat beans for a year. Live like a
> college student. Fund an account and trade it. Trade the smallest
> possible size. If the system is any good, you should be able to start
> with far less than $100K and survive any drawdowns. Once you have a
> track record, with audited account statements, even if it's trading
> small, you will have enough credibility to peddle your wares. Until
> then, nobody will take you seriously, nor should they. It's like saying
> "Hey, I'm really good at Microsoft Flight Simulator. I think I'll go get
> a job as an airline pilot." :-)
>
> --
> Dennis
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