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To clarify:
Almost every month in The Technical Analysis of Stocks and Commodities
magazine there is an article on a particular trading system usually
contributed by some of the top people in this field in the world. In the
article the results of using the system are published showing yearly
profits, drawdowns, yearly gains vs a buy and hold strategy etc. etc., in
great detail so you can see how it actually performs. You don't pay for this
information apart from the cost of the magazine. There are some good systems
in these articles. And you can have them for free. Get a copy of Metastock
and you can enter the code for these systems and test them and utilize them.
You don't have to pay thousands of dollars to buy a trading system. I bought
100 trading systems for Metastock for about $300 and entered another 20 or
from TASC, with the touch of a key I can test them all on a particular
security and see which is best. TASC had an article on a Gaan swing trading
system you could use with just pen and paper, no computer, and it was free.
Before you use a system you have to backtest it.
>From: "Mike Higgs" <moongate@xxxxxxxxxxxxxxxxx>
>To: "Larry Muir" <trdoptions@xxxxxxxxxxx>,<Proffittak@xxxxxxx>,<ist@xxxxxx>
>CC: <realtraders@xxxxxxxxxxxx>
>Subject: Re: systems Vs money making
>Date: Wed, 28 Jul 1999 22:00:46 -0400
>
> > 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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