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Recipe for disaster.

I guarantee you that if I ran my strategies on those random noise charts, they would all lose money due to slippage. But run them against real markets, and they all show very nice equity curves going straight up. But I agree, randomly generated stock charts will fool the majority of...

Thats 32.3% in 3 years. Most people are going broke fast as hell then. Nah, crazy low interest rates artificially inflated home prices.

How are you ever going to reach the point where you "believe" in backtesting, if you dont backtest enough to find a kick ass trading system? I really dont like the word "backtest" myself. I run "simulations" of trading strategies.

Been a great month, even greator week. You have the S&P moving 150 points a day. How could anyone complain??? Things have been moving nicely.

Correction, when I said I did over 1 million backtests in my first 3 years, I mean, 1 million portofolio backtests. In other words, each "backtest" includes nearly every symbol in the NYSE or NASDAQ. I dont test NYSE and NASDAQ together, they behave too differently. If I count each...

Ok, my last post was a bit too harsh. Let me rephrase, it seems to me you are still in the very early stages of becoming a master backtester.

Now I see your problem. You dont understand backtesting, and dont know how to do it right. 95% of my backtesting is done in short timeframes. There goes that theory.

Ok, that is a tiny crumb, of nearly worthless info. What has the monday bias been in the last year? 2 years? 3 years? 5 years? How about hour by hour for the last year? Can you think of any way to use this bias? No, that isnt a trading system, and barely an edge of any kind, but it could...

These guys dont even play the markets, because they cant. The fact that they sit back and make commish adds nothing to the argument. They sell books and dvd's because they cant trade. If I were god, and mid-day monday, I snapped my fingers and GOOG was suddenly priced at $10, what do you...

If you think about it, claiming the markets are too efficient and its impossible to make money, is really one big fat contradiction. What makes markets efficient? Traders making money! Therefore: efficient markets = 100% proof you can make money in the markets. You just have to beat...

US futures are very efficient (but not entirely) and very tough to trade, but you can make money in them. The problem is, the players in the future market are so good, that they have eaten up every little edge joe average is capable of finding. I have found edges in futures, but since they...

Since you still havent bothered to carefully calculate what percentage of your money the government really gets, you can make no claims about how close to 60% you are. I was wagering 60%, my actual claim was 50%.

What insult??? If youre only paying 29% in taxes, then frankly, you are not a high income tax bracket guy. If the truth hurts and you take it as an insult, thats your problem. You have no position, because currently, you are claiming you only pay 29% in taxes, but failed to take into...

Its just an example of how high the hidden taxes are. I never said the beer tax was eating me alive, stop playing dumb. There are taxes everywhere, thats the point, some very high, and you have accounted for none of them. Which is why your position has no legs. If you want to sit in...

Im talking about high income earners. Learn to read kid. 43K is chump change. Besides, Your net would not be 12%, you didnt include all the other taxes I listed. You have never calculated your actual tax burden. Youre not even close.

1) you dont live in california, I have high state taxes 2) I dont have a mortgage interest deduction 3) You havent even come close to calculating your FULL tax load with the hundreds of hidden taxes in everything you pay for Go back to your files and now add all the payroll taxes, local...

You obviously make under 40K a year. :D You havent a clue what you are talking about. Refund? Are you kidding me. You arent making enough.

I was being conservative with the 50% number. Cash said:"Well, look at at... top tax bracket 35% (I think) let's say joe is in Calif (10%) I think and of course SS tax 7%-14% depending on if he's self employed And then there's property tax And then of course sales tax" Im in cali...

Burn these bastards at the stake. Joe upper middle class gets over 50% of his money taken from him in taxes, and these f-ers making 300 MILLION are dodging taxes? As if they need more money. Bastards. 70 billion a year? Christ, that could pay for the war.