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> From: Larry Muir <trdoptions@xxxxxxxxxxx>
> To: Proffittak@xxxxxxx; ist@xxxxxx
> Cc: realtraders@xxxxxxxxxxxx
> Subject: Re: systems vs money making
> Date: Wednesday, July 28, 1999 3:39 PM
>
> I read an article once that said the entry is 10% of the trade and the
exit
> is 30% in importance, the most important is money management.
> In another article the author said you need $200,000 to trade with
(someone
> else said $60,000), so you can survive drawdowns. You can create your own
> trading system or buy one, or there is systems monthly in TASC (fully
tested
> etc.) for the price of the magazine. The holy grail of trading is
> discipline.
Fully tested is a big misnomer!!!!!!!!! I have yet to see a system being
sold that has anything but hypothetical results. They may be out there but
I haven't found one that has broker statements to substantiate it. No
broker statements = No winning system.
Regards,
Mike
--
Aboard 35' Edel Cat "Moongate" in New Bern, NC
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