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0008 read Trend Following by Michael Covel or check out his michaelcovel.com site or his turtletrader.com site. These resources will give you info about them. Most of them traded futures contracts, not equities. And 30-40% is right depending on what leverage the client account had.

Ya its pretty obvious it was needed years ago. It would straighten out the entire industry, but I guess they think the spot market is too big and they dump at all kinds of prices. I think it will be a very nice instrument though, seeing the trends and volatility that steel has had in the past.

http://news.ft.com/cms/s/fc2267b8-4716-11da-b8e5-00000e2511c8.html

Fereng, as for your beating all these guys willing to lose their money to you, that is a role reserved for the markets in trading. Thats the difference. Perhaps your saying that you make the market at a poker table.

get out of poker and into trading and or investing 100%. The Poker knowledge doesnt scale well - you cant trade 100000 shares of KK or QQ or AA , but you can while trading.

1. Trend Following by Michael Covel 2. Market Wizards series by schwager 3. Exceptional Trading the Mind Game by Ruth Roosevelt

good for theorizing, zero use for trading unless you use fractals in your trading.

I think it says right on your brokers order, and the money makers I mean Market Makers read them.

no idea when you start adding money at various times. but this will work for end to end: total Net - total added capital = Profit Profit / added capital = % return compute for whichever timeframe you desire i guess.

Just to clarify, drawdowns in the past, as described " the system had a 40% drawdown" means that at some point in the past, there was an equity drop of 40% from the peak high. Usually most professional CTAs and funds have no more than 50% drawdowns, though most prefer to have less drawdowns...

Your pointing out the difference between open equity drawdowns and principle drawdowns. Usually, because when trading you cannot predict when either may occur, authorities look at total drawdown which is for the drawdown of an account from its highest point in the past to its lowest point in the...

Sounds like an awesome company. Im definitely interested!

The sample backtest was for SP500 stocks, its all based on price of stocks in the SP500 at the time, and they were cheap back then. I also tested it on a full database of all US stocks and the returns were similar. So your saying that its a per trade sharpe ratio ? The rule is I always have...

man, Im confused. I attached what I have. I dont have the equity curve, but I have cumulated profit. Is there a way to use the cumulated profit, though its listed per trade, not per day? Thanks, Eric

System: Stops Risk 1-2% of capital per trade Position Size = Money Management In order to know your risk/reward you generally have to have a backtested system. The backtest results will also tell you if your profitable , how many losers youve had, but that wont tell you that without a...

If your going to places trades, than all you need to know is the dollar risk of your stop and for long term equities, say a rule to never have more than 5% of your capital tied up in one stock. In options, Id say never have more than 2% of your capital tied up in one option trade. Unless you do...

The street article seems to indicate that if the advisor bills you either outside the IRA or thru a taxable account, that the fees are deductible. Article quotes- " Fees taken from your taxable accounts are deductible. But remember, these fees are investment-related expenses, so they're...

Thanks gnome, I just found this after posting http://www.thestreet.com/funds/taxforum/900929.html

Could someone provide an answer on the following: 1) Individuals paying a management fee through an IRA, are these fees deductible, including more specifically, hedge fund style management fees (upwards of 20%)? 2) Individuals paying a management fee outside an IRA, is the management fee...

Ya i tried using a signal on an index before entry and forcing exits on my system during a correction or crash, but it doesnt help much. Its more a token thing than anything. I dont think theres a EOD system out there that if it existed in '87 didnt lose 30% in two days. The reason I asked...