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John,
I am going to share with what I think is one of the great secrets of the
market and of life. One of the reasons that some trading systems are only
successful for a short time is that they violate the following rule. The
rule is "value given for value received". In otherwords, if you are not
somehow providing some service or value to the marketplace such as adding
liquidity, buying when everyone wants to sell or selling when everyone wants
to buy, chances are that the grand universal scales are not gonig to reward
you in the long run. By adding value to the market, just as bread cast unto
waters, the value may be returned many fold.
Best Wishes,
Norman
----- Original Message -----
From: "John Cappello" <jvc689@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, March 26, 2002 7:39 PM
Subject: [RT] S & P System Failures
> I have perhaps uncovered why I am rebuilding a previously super
> successful system to being a so so system.When the market was higher
> and going lower it should have been clear to me that there was a
> built in erroneous bias.
>
> I believe the stops and trailing stops should be a set % of the S&P
> instead of hard and fast numbers.For example if one were trading the
> S&P around 1000 then 6 points as a stop and floor for TS may work
> fine. However when around 1500 the range widens and set trails and
> stops become archaic and vice versa.
>
> I am now experimentinting with 0.6 % of any S&P level for the subject
> stops and meeting with some better results in testing.
>
> Many of you may have known this all along and I apologize if it
> insults your experience.
>
> AND I AGREE WITH BEN.....ENOUGH NON TRADE POSTS. I PERSONALLY AM
> PSYCHED OUT. I still seek simplicity and order in all things I do and
> overexposure in any area is deafening.
>
> John
>
>
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>
>
>
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>
>
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