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Jose -
I have not bought the course. I have read Ralph Vince's Mathematics of
Money Management which described the original optimal-f theory. Another
source is http://www.rinasystems.com/menu_articles_securef.htm, which
describes a method called secure-f. I have also read the article in the
July issue of Technical Analysis of Stocks and Commodities which details
secure-f entitled "Secure Fractional Money Management" by Zamansky and
Stendahl (of Rina Systems).
I find it hard to believe that Rumery and Lehman have found something
that much better. We could just ask them. This is not to say that what
they have done has no value. I think many people unfairly demean the
value of the work that goes into commercializing a system. You can avoid
paying the $1500 if you a) spend the time to read and investigate the
theories presented in the above literature and b) spend the time to learn
enough math to understand the theories. On the other hand, you can trade
your time for $1500. Unless you love math, it sounds pretty cheap. Of
course, you can't get away from the fact that the person who better
understands something may have an edge.
Oh, you obviously should look at RinaSystems as well.
Larry Lewis
-----Original Message-----
From: Jose Pascual [SMTP:Jpascual@xxxxxxxxxxx (MIME)]
Sent: Friday, August 14, 1998 11:59 PM
To: lel; realtraders
Subject: RE: SMARTTRADING...YEA RIGHT
Hi Larry!
Please let us know that if you are just pretty guessing its concept or
you
had bought its course? If its just guessing you would do more harm than
good for those people who are open minded & expecting from you just for
the
savings of $1500.
>From the below example that you had given, its just a one shot deal trade
(one trade) by taking the corresponding multi number of contract and its
not called money management technique as I understand. As I understand
from their free literature of Fixed &/or Fractional Ratio (whoever they
are) they are practicing series of TRADES from the outcome of their
methodology win/loss ratio.
Hope we can get from those who really buy its course and let them comment
inside out.
No personal attack on you please. Thanks for warning all of us from your
critical observation. Of course we all should be vigilant of those
industry crook vendors.
At 08:15 AM 8/14/98 -0700, Lawrence Lewis wrote:
>If your system is profitable on one contract, the theory is, to get 10
>times the profit, just buy 10 contracts, thus turning a $44,000 profit
>into $440,000.
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