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<DIV><EM><FONT size=2>Greetings!</FONT></EM></DIV>
<DIV><EM><FONT size=2></FONT></EM> </DIV>
<DIV><EM><FONT size=2>Anyone have experience with Signal Online and/or Metastock
Pro. I have just ordered a trial of the software and want to see if there
are any opinions out there. I am currently using PCQuote which I enjoy
very much, but there are some limitations in terms of the techncial
studies.</FONT></EM></DIV>
<DIV><EM><FONT size=2></FONT></EM> </DIV>
<DIV><EM><FONT size=2>thanks</FONT></EM></DIV>
<DIV><EM><FONT color=#000000 size=2></FONT></EM> </DIV>
<DIV><EM><FONT color=#000000 size=2></FONT></EM> </DIV>
<DIV><EM><FONT color=#000000 size=2><BR>Gary
Kramer<BR></FONT></EM></DIV></BODY></HTML>
</x-html>From ???@??? Fri Oct 30 08:02:06 1998
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Date: Fri, 30 Oct 1998 07:59:24 -0600
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From: "charles meyer" <chmeyer@xxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Money Management: Kelly - fastest way to increase
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Ken:
Very good information as has been the other posts on this subject.
Where the Kelly criterion really shines is in the area of sports betting.
But, when you try and apply these ideas to the futures market, which
is dynamic and seemingly unlimited regards the outcome of ex-
pectations, calculating an 'edge' is more fantasy than reality. The
best explanation of the Kelly criterion I have seen in print was written
by Jerry Patterson; a balckjack player/sports bettor.
Charles
----------
> From: KnTrKn@xxxxxxx
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: Money Management: Kelly - fastest way to increase
> Date: Friday, October 30, 1998 7:26 AM
>
>
> The Kelly Formulas can tell you the fastest and safest way to compound
> your bankroll. It is based on the type of trading style you have or
would
> like. As long as you have an overall positive approach, it can be
> programmed for stocks, options or futures trading to tell you the
> minimum profit and risk objectives per trade.
>
> J. Kelly worked for Bell Labs on optimizing phone-line usage and
> published his theories in the '60's. After which, parts of them were
> modified for money management techniques, because the sequence
> of wins and losses didn't matter in the outcome.
>
> Ken
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