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Prosper:
Your position is untennable since you are saying a system is of no value if
it does not last 10, 1000, or 10,000 yrs. Get real! A great system that
lasts just 3 years can create enough capital to retire on as long as one
does not pyramid or trade in a cowboy fashion. So if it starts to become
less effective, *move on*. Your are not married to a system just like one
should not be married to a stock. If you own a Honda, it takes you 300,000
miles, then dies or retires, does that mean it was not a great car? Systems
are created by people and people as well as markets change. Good
discretionary traders are continually adjusting their methods and making
necessary changes to stay at the top of their work. If they don't, they
become less effective, just like systems can. So a claim of infinite time
being required for a material object or method is contrary to the laws of
physics and thus a ludicrous position from which to argue. I'm sure you can
come up with a better reason than that not to trade systems.
Don
Original Message -----
From: "Prosper" <brente@xxxxxxxxxxxx>
To: "Bill Wynne" <tradewynne@xxxxxxxxxxx>; <cwest@xxxxxxxxxxxx>;
<omega-list@xxxxxxxxxx>
Sent: Sunday, April 29, 2001 1:21 PM
Subject: Re: Trading Systems
Hmmm...at least two names (system traders) in that top ten have been
around
about 30 years...maybe they'll fail in the next 30...
How many assumptions are there in this short answer. Did they use TS for
thier signals? Did they use the exact same system for 30 years? Did they
trade it 100% according to the signals? Do you even know for certain
that the published results are true?
The point is that you can't possibily know, and time is on my side even
if it takes 50, 100 or 10000 years or more. But again, please do use
that system!
Prosper
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