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I was just going to ask for it too. He must have forgotten to add this.

This problem comes up in many fields. For example in simulations, encrypting messages, etc. How can anything in a computer be random? In fact nothing calculated in a computer is random, it is always deterministic. The way this problem is tackled is by so called "random number generating...

Randomness in probability theory has to do with statistical independence. In your example randomness would be the case provided the outcome of the flip is statistically independent from your prior decision to go long on heads. This would be so in the case of a "fair" flip.

scientist, As "THE" scientist indicated in his prior posts, he truly goes nuts about receiving some fan mail once in a while. I am touched that a scientist of your calibre could be so sensitive a person. I thought it would perhaps be nice to send you these lines. Remember we are true fans...

Isn't that what I said a few days ago?

Thank you for bringing this up. Please excuse me but I didn't find the time yet to read Ed Seykota even once. I know this stuff is kind of popular reading for a certain subset - I'm still struggling with the more down to earth stuff. Glad you pointed this out anyway. So your Chinese proverb...

"Statistical analysis" of how badly you're losing your ass can only be done postmortem. In one way you are right if you want to bring up that drawdown studies are very difficult to do on real trading systems. "Risk of ruin theory" is mostly helpful in allowing you to see what happens in...

I requested that none of the above posts be deleted, except for foul language according to ET policy. Where is your social responsability bubba7 to let a large flock of help seeking people dance behind a piper whose tunes cannot be questioned by a few here on ET? Are you not ashamed for some of...

If bubba7 comes back, I'll be back also. Allowing bubba7 to censor at will his private thread seems rather funny to me. It would certainly be a shame for ET to deceive the crowd of thruth seekers who flock to this board and its threads in their search for a "little edge". What is written is...

If you found one, please tell me.

Prophet, Building a mechanical system is of course a very personal experience. I think we would both agree on this. I fully share your desire for robust systems. However why do you want a "robust"system to be adaptive? I have looked at many possibilities and centered my search on a robust...

Dear Tanp21, This is often our everyday problem. Once you recognize "discretionary parts" in your strategy, you are really saying that you cannot communicate to us what is truly in your edge. Going back to your question to this thread: "My question to everyone out there, how do you...

Dear I cannot agree more with you. You go out from the assumption that a "method" is available. I am not sure from tanp21's post if this is what he is saying. Of his five methods that he is now "confused" with, none seems to be clearly established. Otherwise it would be trivial to test...

(1) I recall reading somewhere: "You don't have an edge if you cannot accurately state what it entails". (2) Rutherford (Lord Kelvin) once said something about scientific knowledge [I don't pretend to quote, if somebody has the exact quote handy, please correct me]: "If you cannot express...

scientist, How can we decide wether to put you with the dunces or not? How is your trading book coming along? You made a lot of noise about this. Hurry up, we didn't forget about you! You indicated that you liked fans very much, I'm one of them. Sorry guys, I couldn't pass up this...

Moderator, I think you cannot tolerate such direct insults on ET. Please intervene.

AngryBull, This is not a good omen for your new thread. Why did you not find out first about the difference between retracement and pullback BEFORE saddling ET again with a new thread about which you didn't seem to have the foggiest notion. Moderator, is this not crap? If you think so...

Quite right bundlemaker. Do everything you can not to become a loser. If you're still looking for the light, certainly avoid hanging out with loiterers and half wits. In this business, be prepared to believe, but never without checking first. Learn whenever, wherever and however you can but...

Dear sunseeker, Sit back, that's just what we were doing. Sit back not only for a minute but for the many days till Labor Day.