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I received that data from a mutual fund owner/manager. He used a breakout
system. All trades were computer generated and computer entered, so there
was no human factor as to entering or exiting a trade. The fund netted its
investors 14% return at the time. The fund received a 5% management fee and
7% of the profits. That is all that I remember. I received these facts
about 10 years ago and I believe that the percentages are probably less in a
non trending market. The did both futures and stock. At the time I
believe the fund had about $250,000,000 under management. For the life of
me I can't remember the name of the fund or the managers name. I have
looked high and low for his card and that has eluded me also. Those senior
moments seem to be getting closer together. Ira
----- Original Message -----
From: "tradewynne" <tradewynne@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, August 19, 2002 2:55 PM
Subject: Re: [RT] Sugar is Sweet...not today
> --- In realtraders@xxxx, "ira" <irat@xxxx> wrote:
>
> > Breakout buyers have only a 38% probability of success.
>
> I'm curious where you got that stat. My work indicates
> breakout success rates vary widely depending on various
> factors.
>
> BW
>
> > ----- Original Message -----
> > From: Scaletrade@xxxx
> > To: realtraders@xxxx
> > Sent: Monday, August 19, 2002 12:26 PM
> > Subject: Re: [RT] Sugar is Sweet...not today
> >
> >
> > Norman,
> >
> > I must preface this question by mentioning that I have great
> admiration for you as a trader...so I am curious as to whether you
> bought Oct sugar on the breakout above 630 last week, like you
> mentioned...or were you waiting for a close about that level. It's
> not looking so good today...in fact, it looks the way things usually
> do when I try to buy on a breakout!
> >
> > Just wondering,
> >
> > Larry
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>
>
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>
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