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If there is in fact a system that is %80 / 1 on 1, and if that system
traded once per week, the system should give a return of (0.8 * 1) - (0.2 *
1) = 0.8 - 0.2 = 0.6. This would be multiplied times 52 weeks, or 52 * 0.6
= 31.2. Therefore, given the %80 probability of this system with a %60
return, one could expect to gain, given 1 trade per week, with 1 years
trading, placing $10,000 on each trade, 10,000 * 31.2 = $312,000. If one
decided he wanted to own the universe in a few years, simply re-investing
the profits in each trade would result in a balance at the end of 52 weeks
of
10,000 * (1.6) ^52 = $411,376,139,330,300. Not bad for a years trading.
That is 411 Trillion. I would submit if this system actually does exist, I
would certainly like to look into it, to see if I would possibly be
interested in using such a system.
Kohath
----- Original Message -----
From: Ira <ist@xxxxxx>
To: <JCDuffy@xxxxxxx>
Cc: <realtraders@xxxxxxxxxxxx>
Sent: Tuesday, June 29, 1999 8:04 PM
Subject: Re: Ira's trading method
> Not with your smart mouth and smart a-- attitute. Only your ego will keep
you
> going.
>
> JCDuffy@xxxxxxx wrote:
>
> > Well, actually only since 1996 at 37, and really then only retired from
> > trading for someone else. I sure wish I had a system 80% accurate and 1
to 1
> > though, I'd be passing that Bill Gates like he was standing still!!! How
old
> > are you in your ungodly wealthy retirement?
> >
> > In a message dated 99-06-29 20:37:21 EDT, ist@xxxxxx writes:
> >
> > << WEll I have been retired since 1985, what are you doing? Ira
> >
> > JCDuffy@xxxxxxx wrote:
> >
> > > In a message dated 99-06-29 10:45:09 EDT, ist@xxxxxx writes:
> > >
> > > << I didn't say it was mechanical. The system produces a series of
> > targets,
> > > the
> > > first of which has an 80% probability, and a 1/1 risk reward ratio.
The
> > > second
> > > target is a 2/1 risk reward ratio and has a 70% probability, and the
third
> > > target
> > > has a 3/1 risk reward ratio and has a 60% probability. If you have
> > doubts, I
> > > can
> > > give you e mails to traders who will verify the fact.
> > >
> > > Ira. >>
> > >
> > > Sorry, any doubts just would have stemmed from the fact that I just
didn't
> > > figure the Shiek of Brunei would be named Ira. Any method with these
> > numbers
> > > could turn a $10K account in multi milliions within 6 months with a
very
> > low
> > > probability of ruin.
> > >>
>
>
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