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I am not a fan of news letters or system prognostications. I do feel that it might be helpful to someone to subscribe to something in order to generate ideas. There are some traders that are not organized and need a stimulus to look into new areas. One can take the recommendation, check it with the system you are using and see if it fits the parameters for a trade entry. To follow
any system blindly is a fools paradise and the road to poverty. Ira
John Cappello wrote:
> As a long time Commodex watcher,I can tell you this:
>
> 1.There is insufficient data given to select a basket of markets you or most people can live with,in my opinion.
>
> 2.The total portfolio is not feasible to trade.The company was never helpful to me in selecting a decent basket.It is like "Here is the data you do what you want"
>
> 3.The closest thing to it is Futures Pro and at least with that you can select markets that have a chance of working based upon long history and short,medium and long logic.e.g.I have traded TYN and Munis with a 50% profit using Futures Pro.Not earth shattering but consistent with past years.The point is they provide the data to make a decision that makes sense--win,lose or draw.
>
> Over the course of 2 years I have not known anyone to sing Commodex praises.And I am not selling anyone on Futures Pro--just making a vendor comparison.
>
> Regards,
>
> John
>
> ------------------ Reply Separator --------------------
> Originally From: "Tom Stein" <comfut@xxxxxxxxxxxxx>
> Subject: Re: GEN - Commodex claim to be "most consistently profitable daily futures trading system"
> Date: 09/19/1998 08:03am
>
> Just to add another comment to Conrad's.........
>
> Note: The results also take into account the purchase of both the near
> term month and the next one out(sometimes the after that,too), so to
> be realistic.......you may have as many as 3 contracts on to duplicate
> their results.........now take 3 contracts and multiply it by the
> number of potential markets that you might be in at any one
> time........you could possibly wind up with close to 100 contracts
> on.........
>
> 1)Consider: the account size needed to just have enough margin for all
> of these positions
>
> 2)Consider: the account size needed to withstand the drawdown
>
> 3)Consider: that Commodex (as far as I know) does not manage
> funds...where most CTA's share a 20% or so portion of the profits(why
> is that?)........
>
> 4)Consider:Commodex does not give you their track record in a standard
> CTA description of a model account....describing maximum drawdowns,
> recovery periods....etc.....(as far as I know)
>
> The above points are something to consider and question with any
> system vendor.....
>
> Would you have any realistic chance of duplicating the results???????
>
> I am not saying these programs don't have any value....I am just
> pointing out that before
> one gets too excited about their results...one should consider whether
> they can be duplicated by you. Remember, we would all be more
> successful IF we never missed the biggest moves of the year...........
>
> Tom Stein
> comfut@xxxxxxx
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