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Richard Harrisson wrote:
> Glenda,
>
> All Trades: 36% Profitable
> Max. Consecutive Losers: 11
> Profit Factor: 1.39
> ............................
>
> It is doubtful if one could really have the stomach to take eleven
> consecutive losers :(
>
> For the good of ones heart/spirits, perhaps it is too tough to trade a
>
> system which has historically shown less than 45% Profitable Trades .
>
> A really GOOD System might have a Profit Factor of 10
> A Tradeable System would, hopefully have a Profit Factor of 5
> BUT a Profit Factor of 1.39 just isn't too inspiring :(
>
> cheers
>
> Richard Harrisson
Richard,
Have you ever run across a system that had a profit factor of 10? I
have seen short term statistics on the LegendPro DM that showed numbers
like that but it was run on short (1 month) time frames. I agree with
your assesment of the system mentioned by Glenda. The "Dual Thrust"
system by Michael Chalek is a daily system that keeps you always in the
market so you are in on the big moves, but the inevitable drawdowns can
be as large as $50,000 on a single (now 2) SP500 contract. Over a long
period of time it is very profitable, but how would you like to be the
one to have 5 consecutive losers before you hit the big trend?
>From what Norman has shown, using astrological forecasts along with all
the other tools available to professional traders seems to help one gain
the edge that is needed to not end up with the 90+% losing crowd.
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