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I've been on this list for some years and have yet to see any
comprehensive real-time trading records posted here. Not that I would
expect to ... this is a non-commercial list and the only individuals who
would have any incentive to post trading account details would be
someone with something to sell. As for discretionary trading being a
losing game, I'm not about to spend time convincing anyone otherwise;
however I have, on a number of occasions, posted real-time trades in
bonds, stock indexes, and other futures from initial entry through exit
showing the methods used, all of which are discretionary. There are
exceptions of course, however many systems tend to work for some period
of time and then blow up. Those who have discovered and developed highly
reliable trading systems are unlikely to sell the system but rather
trade it or find a trading partner to trade the system for them.
Again, there are exceptions, however the vast majority of systems being
sold are worse than trash because the buyer ends up paying for both the
system and the losses. I'm always interested in looking at systems,
especially those with good real-time trading records (as opposed to
hypothetical trading records using historical daily bars). Gerald
Appel's Time Trend III is a system which has stood up well in real-time
trading of stock indexes for over a decade and I use much of TT3 logic
in my own equity index investing. I've subscribed to Chuck LeBeau's
trader's club list for some time and have always considered him to be
one of the more astute system builders although I have never purchased
one of his systems. I will admit to some disappointment that Chuck let
the recent RT thread drop without addressing the issues Dennis raised
regarding the use of tick versus daily historical data for back testing.
Earl
----- Original Message -----
From: "Glenn Pederson" <gpeder@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, July 10, 2000 11:14 PM
Subject: [RT] Re: Trend Reflections Trading System
> On 10 Jul 2000, at 9:17, Steve McGuire wrote:
>
> > For example, an account I started trading on Jan 2 this
> > year is up 69.6% and that was after a 15% drawdown. An account I
started for
> > my wife last July is up 126.5%.
>
> I have been on this list for quite a while now and have noticed that
> the only traders that post their trading results are those that are
> trading mechanical systems. Could it be that discretionary non-
> mechanical trading is a losing game?
>
> Congratulations Steve!
>
> Glenn Pederson
> gpeder@xxxxxxxxx
>
>
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