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In a message dated 98-03-03 16:55:44 EST, gary@xxxxxxxxxxxx writes:
<< I've tried a few simulations of variations on the above
simple systems, and after taking out costs for commissions
and slippage, found it difficult to make money on either of
the above variations of this admittedly simple system. >>
Hi Gary,
To this I would like to add that a VERY deversified portfolio would
be required. As a minimum I would suspect one would need 10 to 20 pairs to
start (20-40 stocks) in a wide variety of industries. Hedge funds can do
this, average individual investers? No way. Rich investers, use the hedge
funds.
Good luck and good trading,
Ray Raffurty
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