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<x-html><html><head></head><BODY bgcolor="#FFFFFF"><p><font size=2 color="#000000" face="Arial">Just to let everyone who might be interested know, Bob Prechter has a website for his company Elliott Wave International. It's at http://www.elliottwave.com<br>Most of the site is advertising for the products they sell. However, there are two sections you might be interested in. One is Bob Prechter's Billboard where anyone can e-mail Bob a question like the one that started this thread "What's the wave count for the S&P." Bob's answers are posted for all to read.<br>The second section is a Comprehensive Course on The Wave Principle. This is a free course through the Internet and I recommend it to anyone who is interested in understanding just what this Elliott Wave thing is all about. If you don't understand it, then dismissing it with a cute "wave goodbye to your money" comment is actually doing yourself a disservice.<br><br>Armand<br>(Not associated with Elliott Wave International)<br><br>----------<br>> From: BrentinUtahsDixie <<font color="#0000FF"><u>brente@xxxxxxxxxxxx</u><font color="#000000">><br>> To: RealTraders Discussion Group <<font color="#0000FF"><u>realtraders@xxxxxxxxxxxxxx</u><font color="#000000">><br>> Subject: Re: GEN: Help Elliott Wave Prin.<br>> Date: Tuesday, March 17, 1998 5:12 PM<br>> <br>> RT's Group,<br>> 	 As long as were on the subject of the EW. Have any of you ever pondered<br>> the why of it? Why is there 5 waves with 2 counter waves and not 3, 6,or<br>> 7.... I read something not long ago about "scientific testing" of head and<br>> shoulders formations done I believe by a branch of our US gov., and the<br>> conclusion was that the pattern is for real. This would lend some support<br>> to EWer's because the head and far shoulder are the one, two waves for<br>> Elliott.<br>> <br>> Best Regards,<br>> <br>> Brent<br>> <br><br></p>
</font></font></font></font></font></body></html></x-html>From ???@??? Tue Mar 17 15:54:10 1998
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Subject: Re: Money management and Trading business
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Gwenn Ael Gautier wrote:
>
> My views:
>
> 1 - Trading constant size is riskier than increasing size. Indeed, as
> traders you have fixed costs, and you have to face unexpected events in
> trading and or life. Let's say you have
> - a $100.000 account to live off
> - a 100% return yearly
> - $80.000 in living, tax and trading expenses yearly
>
> If you are trading constant size, you'll move only very slowly over the
> years out of your undercapitalized status.
> If you are trading with a view to increase along the way, it may still take
> some time, but you will indeed take off.
Gwenn:
I think you mis-understood what I meant about trading constant size. I
don't advocat trading constant size. I trade equivalent risk and the
size that each account would trade grows as the account grows. The
term constant comes in when you look at risk per $amount in the
account and see that for each trade, across each market, you are
taking a similar amount of risk, hence the name, equivalent risk.
As for taking out money, I religiously take out money from my trading
accounts. I do slowly let me account size grow, that is I do leave
some of my profits in my accounts, but I don't want my account size to
grow geometrically because that really alters the nature of the
trading style and associated risk.
Tim Morge
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