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Remember the following request some time back for the worst stock system.
Maybe we have a good candidate at last (see what follows.)
>From: Rob <sp500@xxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Subject: The worst Stock System in the World
>
>Hello all you Real Traders.
>
>I have a strange favor to ask of all or some of you. I am looking for the
>WORST stock picking system in the world. This is not a joke and Im not
>trying to be cute. I have an idea for making big money in all markets
>conditions, and I need a really shitty stock system that you can back up
>with some historical numbers.
>
>If the data is in a book that I can buy then tell me the name of it.
>PLEASE don't e-mail me or post a response to RealTraders if you don't have
>a system.
>
>When I find a really bad system for picking stocks then I will let the
>whole group in on my idea. By the way my idea is not to just short the
stocks.
>
>Its hard to find a great system in any market, so give me your worst idea
>for trading stocks.
>
>Rob
>
>PS. This really is NOT a joke
>
Here's the candidate for the worst stock system:
At 03:01 PM 7/15/98 EDT, RJK126@xxxxxxx wrote:
>Some time ago I posted a message to this forum about a web site of Bill
>Wiliams' that I had run into. At that occasion I mentioned that he was
posting
>daily calls for a portfolio of commodities and stocks. After suffering heavy
>losses in the commodities he simply eliminated them from the portfolio and
>went on posting some positive results for the stocks. Bill Wiliams is a CTA
>and a trading system developer. Obviously this page has the objective to
>attract new prospects to his business. Now how can you trust somebody with
>your money under these circumstances?? More yet. When I went back to check
his
>page today (15/7/98) to see how the Stock portfolio was doing there was a
>message there saying that the postings had been discontinued temporaryly
>because (Watch this) THE MARKETS ARE IN A VERY CHOPPY WAVE 4 FORMATION. Can
>you belive this guy????I do not know Bill Wiliams, never had any business
with
>him (just bought his book) and got nothing personal against the guy.(I even
>enjoyed reading his book until it came to the part when he started calling
>Swings as Fractals). But something has to be undertaken against persons who
>use misinformation to dig into peoples pockets.
>If someone is interested in checking out the menioned web site it is:
>http://www.internationaltrading.com/williams/watch_williams_trade.html
>Just thought in sharing my outrage.
>
>Good trading
>
>Robert K.
>
It not only has very poor performance but even taking the opposing
positions does not improve performance, as attested to in the following:
>Date: Wed, 15 Jul 1998 23:30:12 +0200
>Reply-To: Gw.Gautier@xxxxxxxxxx
>Sender: owner-realtraders@xxxxxxxxxxxxxx
>From: Gwenn Ael Gautier <Gw.Gautier@xxxxxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Subject: Re: Bill Williams
>
>Well this is not much of a surprise to me. I liked the book as well, but upon
>testing the ideas, I never came close to anything profitable. Doing the
reverse
>was not a good idea either, so as for the rest, just let it go...
>
>Gwenn
>
>
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