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How did his system work with Enron?

No, "cynicism" is not constructive criticism . It's a whole 'nother word with a whole 'nother meaning. It's already too bad 99.9% of the population thinks a "lecturn" is a "podium". Let's keep definitions out of the realm of personal feelings! "Cynicism" means to deny the sincerity of people's...

And why would they do that?

That's a good one. I think that's why they embraced TV. Average Joe spends 8 hours daily plopped in front of the tube. Feeds the majority fluff, BS and nonsense nightly to keep the masses from rising up and revolting, sort of like an electronic thorazine delivery system.

I don't think the posts are being cynical. I think they're speaking from hard earned experience. Mmm, I believe what you'll experience won't be so much the stopping of failures but the experience of being whipsawed. Best of luck to you.

<img src="http://www.dullmen.com/images/watched%20pot%20never%20boils.jpg">

in Excel: Data > Get External Data > New Web Query in "Enter the Address", input: http://finance.yahoo.com/q?s= and add each ticker connected to the next with a plus sign. For example, if you wanted to download the data for IBM Gillette and CMGI...

You may have mispelled "annual".

I've got a better idea. Instead of just having a dollar trough point, don't trade the total equity at all. That is, trade a small fraction of it and establish a dollar trogh point for that portion. Then if you succeed on a small scale after say, 6 months, increment up.

You're saying that there's a conspiracy?

According to my model, a good time for many thinking your call was not worthless was at 14:30, unless many thought your call was worthless by 14:29.

I'd guess that the reason there aren't too many specific answers is because there isn't any one specific answer to the question. If there were, many would answer back in unison. Apparently, the answer has a lot to do with the trading style, the desired market(s), the size of the portfolio, the...

No, you're making an assumption that a backtest portents to future performance. A backtest only shows you where a system's strengths and weaknesses may be.

I came to ET to find that sort of thing.

I thought some did, but if you think no one did, call it a day and close the thread.

Perhaps they enjoy seeing mr.market flex his mighty biceps and bounce the stones hurled at him by the crowd, like Superman bouncing bullets off his chest. Of course, after unflinchingly having a round of ammunition ricochet off him, in reality, he always had to duck out of the way when the bad...

ChrisRT, How is the difference between the two noticed, and how is it applied?

Correct. mrmarket selects the lowest quote and responds to that by comparing it against his outperformance of the low quote; when acrary responds with a higher quote than mrmarket's performance, mrmarket dismisses it; when Qdzresurrection mentions a higher quote than mrmarket's performance...

It's not the length of the thread that's questionable, it's the quality of the posts.

Mecro, the statement you referenced shows one way mr.m puts the spin on things. Note how his answer slants the making of "15% in less than a year" to skew the argument away from it's point, which was about 'opportunity cost': that capital actively held in a losing trade cannot be applied to...