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Eddie Kwong wrote:
> We had a fairly large influx of surveys in response pleas made by
> certain RT members.BrentinUtahsDixie wrote:
> Also they are trying to measure the success of the group. I believe
> it is whether or not you made profits of $12000 or more. Again it's
> in the survey. One reason for the low response may be because the
> survey itself is a little long winded and .... not very simple...
Thanks for input. A couple of questions on criteria have been
raised by several members. I will attempt to clarify for everyone.
Regarding profit threshold criteria. This is to measure ACTUAL
REAL PROFITS earned in real time trading, beyond all expenses.
A number of people have asked if hypothetical results apply.
If the results are hypothetical, then 12 PLUS does not
apply, since no actual profits beyond 12,000.00 and expenses were
realized. Only the first category on survey need be designated.
This would also apply for anyone who was inactive trading or made
just 1 or 2, or a few trades. (Ie, the trading business, or hobby
or however it is viewed, is not clearing 12K after expenses.)
Also, for example, if a trader earns 15,000.00 trading profits,
and spends 5,000.00 on data feed, books, systems, seminars, or
whatever trading related expense, net profit is 10,000.00 (not
qualifying as 12 PLUS). Therefore, only the first catgory on
survey need be designated.
Some requested clarification of criteria differences between
trading approaches three and five.
#3: Rules are 100% objective. 100% of entry signals and exits
taken by the trader. Trader reacts to signals by observation of
system, entry and exit criteria, and then executes trades when
observing rules giving signals .
#5. Entire process is automated. The system has been programmed,
so entry and exit signals are recognized by the computer, without
any recogniton required by trader, other than to "hear the beep"
when computer sounds alarm for trade, or gives some visual alert
that signifies that a trade entry or exit action is to be taken.
If anyone wishes to make any change on criteria categories,
it is OK. Simply send your change in body of Email (using
same name as in last post, of course). Then in subject heading
of Email, type in CORRECTION, SURVEY.
Also, if anyone has further questions for clarification, feel
free to ask.
Thanks for everyone's participation.
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