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M,
Which LW big winnings are you referring? Is this the how I made a million
being long in one account and short in the other and only reporting the
winning trades episode? The NFA found this so hilarious they gave him a life
time vacation.
Cheers,
Norman
----- Original Message -----
From: "M. Simms" <prosys@xxxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, July 04, 2002 6:15 PM
Subject: RE: [RT] What happened to the Hurst cycle?
> Funny you should mention that:
> "Theoretically your best bet (apart from not betting) is to bet your whole
> bank in the first bet then walk away. Pretty boring eh"
> Two famous traders have done this, but did not walk away:
> Larry Williams and Louis Borsellino.
>
> Larry's big winnings took over 1 year.
> Louis's big winnings took about 1 HOUR.
>
>
> > -----Original Message-----
> > From: Adrian Pitt [mailto:apitt@xxxxxxxxxxxxx]
> > Sent: Thursday, July 04, 2002 9:24 AM
> > To: realtraders@xxxxxxxxxxxxxxx
> > Subject: RE: [RT] What happened to the Hurst cycle?
> >
> >
> >
> > Norman,
> >
> > Your right on all counts :-) I've encountered very few people who truly
> >
> > Understand risk in the total sense. There are so many aspects and
> > nuances
> > To it all it can be quite complex. Risk and exposure are two separate
> > issue, yes...
> > But they certainly have some overlap.
> > I don't recall the article you refer to but those conclusions are
> > ludicrous.
> > If you have a positive expectancy system, and you don't bet more than
> > twice the
> > Optimal bet size, then theoretically the more times you bet the closer
> > you will become
> > To owning the world. If your system has negative expectancy then
> > eventually you will
> > go broke. Like going to a casino and betting on roulette. Theoretically
> > your best bet
> > (apart from not betting) is to bet your whole bank in the first bet then
> > walk away.
> > Pretty boring eh :-) LOL
> >
> > Adrian
> >
> > > -----Original Message-----
> > > From: Norman Winski [mailto:nwinski@xxxxxxxxxxxxxxx]
> > > Sent: Thursday, 4 July 2002 10:44 PM
> > > To: realtraders@xxxxxxxxxxxxxxx
> > > Subject: Re: [RT] What happened to the Hurst cycle?
> > >
> > >
> > > Adrian,
> > >
> > > See the imbecile's reply below
> > > ----- Original Message -----
> > > From: "Adrian Pitt" <apitt@xxxxxxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Thursday, July 04, 2002 7:53 AM
> > > Subject: RE: [RT] What happened to the Hurst cycle?
> > >
> > >
> > > >
> > > > Adrian,
> > >
> > > I think you are right, I am am imbecile. I believed those
> > > articles in Stocks & Commodites mag about the risk of ruin.
> > > They said the more you trade the greater your risk is of
> > > going broke. You may want to study up on the difference
> > > between risk and exposure. They are two different factors and
> > > two of the most misunderstood concepts in the area of money
> > > management. On the other hand, you would be a fool to take
> > > any advice from an imbecile.
> > >
> > > Cheers,
> > >
> > > Norman
> > >
> > > P.S. I started trading in 1972. I ain't smart enought to
> > > figure out how many years that is. Maybe you can?
> > > >
> >
> >
> >
> > 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:
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>
>
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>
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