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Well, my email certainly evoked some interesting responses!
Strangely enough, and this is rare indeed, I agree with all
of them :)
While my throat still stings from previous snake oil
purchases, I still believe it is a matter of scale (read
"money" here)and timing (read "I'm getting old" here).
Someone mentioned 180k in two years. I already make that in
my day job and I believe that to be small scale. Given the
choice of working for two years with a small account and
making reasonable but small gains or working with a big
account and making big gains in a shorter time frame (with
obviously more DD risk) then I would choose the shorter
time frame. Why wait?
As the Buddhists say, "Death comes without warning, this
body will become a corpse."
But only having done this for a few years and still in the
hole, I'm new to the game and perhaps look with untrained
and unexperienced eyes :)
Thank you everyone that replied for your insights! They
help round me out.
ta
--- Don Roos <rosewood@xxxxxxxxxxxx> wrote:
> It's not that simple: you sell your system for a few 10
> grand checks and you
> think you are ahead, but soon your system sucks and what
> do you have: a
> meager producer and the need to write another mega
> winner. Instead, take
> your excellent system and start with 10 grand, trade 4
> minis with a 6kdd and
> make 180k over 2 yrs. And you still have your system
> after all of that:
> Add it up and see what you think is better. The system I
> refer to is not
> sold as snake oil and is still private.
>
> Don
>
>
> ----- Original Message -----
> From: "Thomas Alexander"
> <alexander_enterprises@xxxxxxxxx>
> To: "Don Roos" <rosewood@xxxxxxxxxxxx>; "Sylvain
> Bergfeld"
> <zfrench@xxxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
> Sent: Wednesday, March 28, 2001 9:34 PM
> Subject: Re: ELA files
>
>
> It's really simple.
>
> The reason is account size!
>
> 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.
> Either that or marry well :)
>
> ta
> --- Don Roos <rosewood@xxxxxxxxxxxx> wrote:
> > Sylvia:
> >
> > Why would you compromise your system for the goal of
> > testing it. You can
> > easily do that yourself or hire an individual you can
> > trust. So I assume
> > there must be another goal related to publicity. And
> > that goes to the heart
> > of why most experienced traders consider systems that
> are
> > being sold for
> > profit as snake oil: if someone has such a good
> system,
> > the thinking goes,
> > why would you compromise it so that you can sell it to
> > inexperienced traders
> > rather than trade it yourself. One would expect the
> > profits can be much
> > better if you trade it yourself over a longer period
> > rather than a short
> > period of snake oil sales. Thus, I will continue to be
> > very suspicious of
> > systems sold for profit. Similarly indicators. So if
> > you have something
> > that good, why not keep it that way?
> >
> > Don
> >
> >
> > ----- Original Message -----
> > From: "William Brower" <1000mileman@xxxxxxxxxxxxxx>
> > To: "Sylvain Bergfeld" <zfrench@xxxxxxxxxxxxx>;
> > <omega-list@xxxxxxxxxx>
> > Sent: Wednesday, March 28, 2001 7:40 AM
> > Subject: Re: ELA files
> >
> >
> > You will need to disclose the rules so they can program
> > it into
> > Excaliber. They may also add it to their portfolio of
> > systems that they
> > will trade when managing money. You will not get
> > anything from them if
> > they do.
> >
> > At 09:08 AM 3/27/01 -0500, you wrote:
> >
> > >Hello,
> > >I would like to submit my system for independent
> testing
> > with Futuretruth.
> > >
> > >I have 2 questions:
> > > a.. Does anybody have an opinion about Futuretruth
> > and would you
> > recommend
> > >another service?
> > > b.. How safe is it to send my system in the ELA
> > format (is it possible
> > for
> > >them to open it and see my formula)?
> > >
> > >Thank you,
> > >Sylvain Bergfeld
> > >www.alterama.com
> >
> > Bill Brower
> > Email: 1000mileman@xxxxxxxxxxxxxx
> > Web Site: insideedge.net
> >
> >
>
>
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