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Sorry thats not true.
----- Original Message -----
From: profitok <profitok@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, February 12, 2002 10:45 PM
Subject: Re: [RT] Evaluating other trading methodologies.
> This is why I have challenged the day traders a few years ago,,
> This was my challenge,,
> fax me your broker statements,,
> it must show NO position trades,,
> if you were profitable 4 month in a raw and net 50000,, 100000,,,
> etc
> I WILL MACH it $ for $
> NO ONE fax it!!!
> Ben
> ----- Original Message -----
> From: "Neal Hughes" <neal@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, February 12, 2002 10:23 PM
> Subject: [RT] Evaluating other trading methodologies.
>
>
> >
> > You pose a common puzzle..
> >
> > His own 80% performance, and his trading statements are irrelevant.
> >
> > Even if he provided statements which show that performance, you could
not
> > take them at face value. Are they "doctored"? Do they represent only
> > trades made consistently with this methodology? Did he have a few
> > trades which make a big difference to his $$ results? Do the statements
> > cover a period of more volatility than the current markets? Was it
> > during the past bull market? As we all know, the past is not the same
> > as the future. Could he even duplicate his own performance in the
> > future? His statements would tell you nothing, in the end.
> >
> > Here is a humorous analogy.. Say I presented you with a calendar of
> > how often I hopped into the sack with my darling. (This would have
> > to be an intraday-chart for sure! ha! ) Do you think you could have the
> same
> > degree of bliss with her? You are not me, so my "performance" is not
> > going to be the same as yours. Just because I do well with her, doesn't
> > mean you will.
> >
> > He may achieve 80% win-loss while you do poorly with the same
> > methodology. You may achieve 75% with a completely different
> > methodology while the person teaching it to you only achieves
> > 28%.
> >
> > The statistics are quite meaningless.
> >
> > Even if he can maintain 80% successful trades, and even if he can
> > teach you what he does, even if he actually does teach what he
> > does, you most likely will not be able to duplicate his performance.
> >
> > Unless it is a totally mechanical system, you can't hope to duplicate
> > his trades. As a human you will introduce your own personality into
> > the trades, your performance will be different. Ask that lady in the
> sack..
> >
> > It is VERY unlikely to be a mechanical system if he does
> > achieve 80% win-loss. Mechanical systems typically have a much
> > worse performance. It's certainly not a mechanical system if it achieves
> > that performance and only costs you $2000.. Such a mechanical
> > system would be priceless.
> >
> > You need a less expensive way to explore his methodology, to see if
> > you are suited to it. This is most important.
> >
> > You will never know what your performance will be until you trade that
> > methodology.
> >
> > Ask his past students about their performance, and what the methodology
> > entails. Do this until you can get a sense of whether the methodology
> > may be compatible with your personality. Even then you can't be sure.
> > After learning the methodology, TRADE SMALL. Take only small positions
> > until you can prove to yourself that you are good at that methodology.
> >
> > That may be the best $2000 you ever spent. Or it may be a waste. The
> > statistics have no bearing on this.
> >
> > Phew! That's enough for now, I'd better stop before people start calling
> me
> > "Ric". This is about as wordy as his random rambling drivel! Apologies
to
> > the list.
> >
> > -Neal.
> >
> >
> > At 08:34 AM 2/12/2002 -0700, you wrote:
> > >There is a guy traveling around giving classes for his Natinal
Institute
> of
> > >Commodity Training from Lexington, Kentucky. He promises 80% successful
> > >trades. He charges about $2000 for a class. Can anyone say what this
guys
> > >system is or what his 10 conditions are. Thanks
> > >
> > >
> > >
> > >To unsubscribe from this group, send an email to:
> > >realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > >Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
>
>
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>
>
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>
>
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