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Hello Adrian,
Let's call it "Chronic Purchased Software Dependency Syndrome"
(CPSDS). Because people won't spend the time to think, they buy other
people's thoughts instead, without being sure whether their thoughts are any
good. As for MCS, I bet lots of people who own the program don't even
know what Monte Carlo is, or if it's applied correctly. This reliance
on the unknown for profit-dependency is dangerous. Writing code
forces you to think.
This is not about neglecting your spouse and spending gobs of time replicating charting software
or complete programs. It's about writing some code that eliminates your
dependency on these programs. More often than not, the programs are
either flawed, incomplete, or inflexible. Trading is a practice,
after all, and in time you get smarter. If you learn to code, you
can fill some of the gaps these programs leave.
Better yet, if you're going to spend the extra time shaping your trading
ideas to a program's limitation, why not spend the time shaping a program to your
trading ideas?
As for the 99% assumption, I'm sure there are a lot of traders who
write their own code, or hire others to do it for them.
Saturday, April 12, 2003, 9:08:34 PM, you wrote:
AP> Frank,
AP> That’s a very good idea from an idealistic point of view, but totally
AP> out of the question for 99% of the trading population for reasons which
AP> could fill a book. Following on from your logic it would be best if we
AP> could take care of every aspect of our lives with no need to rely on any
AP> other person to do anything. Of course we'd all be living in caves if
AP> we followed that naïve solution. Economies of scale and world trade has
AP> enabled the world to reach the hights its has. So while I would love to
AP> have the ability to write good programs to solve various issues, it
AP> would literally cost me $10,000's or $100,000's of my time to learn to
AP> reach the required level. Not to speak of the time. Should we quit our
AP> job to spend the time learning? Or perhaps we should abandon any home
AP> life and work all day then all night and weekends. Of course if your
AP> married you won't be for much longer :-)
AP> So you see...its a great solution theoreticaly Frank, but really of
AP> little use to 99% of us. We all benefit from taking advantage of the
AP> specialised knoweldge of others via economies of scale. Spending $400
AP> on MCS program is the equivalent of 4 hours programming time!!! To
AP> write it ourselves would cost in time and money a number which you can't
AP> even contemplate.
AP> Regards,
AP> Adrian
>> -----Original Message-----
>> From: Frank Fleisher [mailto:r6_5fpen8@xxxxxxxxxxxxx]
>> Sent: Sunday, 13 April 2003 12:40 PM
>> To: David Colin
>> Cc: omega-list@xxxxxxxxxx
>> Subject: Re: portfolio results in TS?
>>
>>
>> Hello David,
>>
>> Yes. Learn a programming language and do it yourself. That
>> way, you are forced to learn the theories behind your
>> programming, rather than rely on someone else who is
>> brilliant with code and marketing, but very dim on theory.
>>
>> Saturday, April 12, 2003, 11:51:50 AM, you wrote:
>>
>> DC> Is there a way to get results of a system over an entire
>> portfolio
>> DC> of issues in TS?
>>
>> DC> TIA,
>>
>> DC> David
>>
>>
>>
>> DC> ---
>>
>>
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