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At 5/19/2003 02:42 AM, you wrote:
Bob.
Could you explain what exactly the "very high end scaling feature" is
and what it does?
Regards.
Volker Knapp
Wealth-Lab Inc.
www.wealth-lab.de
www.wealth-lab.com
I would rather not at this time. Discussion of this level of detail about
PowerST currently still requires nondisclosure agreement, including not
discussing features with vendors of other software packages. Since I
believe you are associated with another software package.... :-)
Volker, you may not want to push this one. The last software this customer
tried the scaling with before inquiring about PowerST was Wealthlab, and my
understanding is that he was not able to succeed in the testing he wanted
using Wealthlab. And it wasn't just this scaling feature. There were other
portfolio level features that Wealthlab was lacking, and I believe at least
one other feature not related to portfolio money management.
Now, this is all second hand. I have never looked at WealthLab myself, and
I really didn't question this person in great detail about his Wealthlab
experience. I was more interested in understanding what he needed and
solving his needs in PowerST.
I just glanced back to the earliest emails with this person, and this was
his first email after viewing the full PowerST product description:
<<<<
Wow... I am awestruck.
The only thing I can say is that if multiple entries/pyramiding were
already available someone would need to pinch me to let me know I'm not
dreaming.
>>>>
By the way, to the other post that asked what I mean by "scaling". The
above quote explains. I am talking about adding additional contracts or
shares to an existing trade. In other words, as he says above, multiple
entries / pyramiding. Furthermore, when you are using a money management
position sizing strategy to determine the position size of the original
trade, the logical extension is the ability to also use the position sizing
strategy to determine the position size of the scale ups. So, it isn't just
buy one contract then buy a another contract. It is buy what you can afford
to risk given the constraints of the money management strategy. Then buy
more contracts later in the trade if your initial risk has declined so that
you can now afford more contracts and still be within the constraints of
the money management strategy. There is more to what we are doing than
this, but this is the basis of what I am talking about with the high end
scaling strategy.
My previous post was just an update. It was not a product announcement. But
I like to flap my jaws once in a while just like everyone else on the list,
and I was responding to a mention of my product. The article I was replying
to seemed to be indirectly expressing interest in what was happening with
PowerST, so I responded.
As it says on the http://www.powertesting.com web site, if someone has an
interest in possibly becoming an early adopter of PowerST, they can email
me privately. I am not able to take on large quantities of new customers
right now because features are still being filled in and I have this
commitment to add this scaling feature for someone who already made a
financial deposit.
If anyone wants to talk further, I am always happy to chat via private
email with anyone who might want to become a customer given the current
status as described on the PowerST web site.
Bob Bolotin
President, RDB Computing, Inc.
Developer of "PowerST: The Power System Tester"
http://www.powertesting.com
bob@xxxxxxxxxxxxxxxx
847-982-1910
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