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Thank you Ivo. I'm not really "looking" for anything. I just enjoy
discussing this and pontificating my opinions. Thank you for acknowledging
and validating them. Your feedback is much appreciated.
As far as trading success and diversification, I agree entirely. I have
about 20% of my assets in a variety of hedge funds, and that's how I
diversify. I have a foreign stocks fund, an S&P credit spreads fund, and a
"fund of funds" fund. The bulk of my money is in cash, real estate, and
small businesses that I operate. I'm always looking for more ways to
diversify, and I'm always interested in hearing new ideas.
My involvement with e-mini futures trading is purely a speculative game for
fun. I know that there are people who do it seriously and professionally
(not with systems), but I'm not one of them. I've tried it, I know what it's
about, and I know it's not for me. I still enjoy watching the markets,
paper-trading, trading my system with my small account, and talking with
other traders about technical trading. I have no expectation or intention of
becoming a professional trader. I have other business and career interests
that are more rewarding for me.
Thanks again for your friendly advise and suggestions.
Ron Hudson
Tradestation 7 Easylanguage Specialist
> -----Original Message-----
> From: Ivo Karindi [mailto:ivo@xxxxxxxxx]
> Sent: Tuesday, February 03, 2004 10:45 PM
> To: Ron Hudson
> Cc: omega-list@xxxxxxxxxx
> Subject: Re: FW: e-mini day trading systems
>
>
> RH> Have you ever seen someone succeed over a period of years, using 100%
> RH> mechanical systems on eminis, THAT WERE COMMERCIALLY
> AVAILABLE. Have you
> RH> ever seen someone make money consistently using emini day
> trading systems
> RH> from your site?
>
> Hey Ron, this has been discussed in this thread already I think
> several times: why are you so married to e-minis? ANY single market
> you choose will have it's good days and it's bad days. Any system you
> choose will have its good days and bad days. And this applies to
> discretionary traders as well. The only foolproof way to make money
> more or less constantly is to DIVERSIFY. And even then there will be
> good days and bad days. Nothing new, but somehow I get the feeling
> that you are not taking this seriously because you still keep talking
> about e-minis only. If you are looking for an e-mini system that is
> making continuous profits without any drawdowns, then I bet you are
> not going to find this. If you are trying to prove that no-one ever
> makes any profits trading e-minis mechanically, then I bet you are not
> going to find that either. So what is it that you are looking for
> because obviously you are looking for some answers? A successful
> mechanical trading system? Well, my first suggestion would be to
> DIVERSIFY. Diversify into different markets, different systems,
> different timeframes. Don't expect a ruler-straight equity curve from
> any of the markets or systems; you can get closer to that goal through
> diversification.
>
> For some reason I'm getting the feeling that you are a very slow
> learner. 8 years of TS programming should result in more than trying
> to prove your hypothesis or still trying to find a systems vendor...
> In this case I'd suggest something completely different: yoga,
> meditation, taking time off for yourself, travelling to remote
> destinations. You need to break out of the box that you have built
> around yourself.
>
> Ivo Karindi
>
>
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