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>The fund received a 5% management fee...
Wow! I'd like to manage that fund :-)...
> > > Breakout buyers have only a 38% probability of success.
Regardless of how one guy did, there are lots of ways to trade
breakouts. Even the exact same system, in the exact same time
frame, in the same market, could have results that would vary
depending on the exit methodologies. For a fact, there are SAR
systems that average better or worse than 38% depending on how
you filter the breakouts.
BW
--- In realtraders@xxxx, "ira" <irat@xxxx> wrote:
> 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@xxxx>
> To: <realtraders@xxxx>
> 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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> >
> >
> >
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> >
> >
>
>
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