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Sort of like robert kiyosaki says. We teach people to be employees not entrepreneurs...

Valdis, either this link is bad or the pdf is corrupt. Im getting thousands of characters on the screen as it attempts to download.

agree yen carry trade

Valdis, is there any way you would let a potential buyer see your manual before purchasing? Sort of like peaking under the hood... I think its a good idea.

probably better to ask the yahoo group your question.

There has been plenty of discuss about PS and Kelly on here. Trading does not have fixed outcomes like gambling, so I would never use the kelly value unless you are trading on fixed setups with gambling like characteristics. Usually the simplest form is best: PositionSize in dollars = 1%...

rickty, its simple but useful. The new version is 120 or so pages and for $13.00 from amazon you can't go wrong. He doesn't get into the details of indicators or anything, but I think for most real systems, if someone talks about run of the mill indicators in a trading system book I'd run...

I'd recommend reading the alchemy of trading systems by Matthew Hanson, Ph.D. http://www.amazon.com/Alchemy-Trading-Systems-Matthew-Hanson/dp/141961603X/sr=1-1/qid=1157497731/ref=sr_1_1/102-4668260-2556102?ie=UTF8&s=books He specfically mentions that a Ph.D is a detriment to developing...

I agree with the previous poster. Same experience with Amibroker. I use it extensibely, and I found a programmer to help me out with workarounds for a very reasonable fee when I can't do it myself. ( Files, advanced backtesting, scaling, etc) Most of the complex stuff actually gives no edge to...

http://www.amazon.com/Behavioral-Trading-Measuring-Confidence-Expectations/dp/1587991640/sr=8-1/qid=1157315134/ref=pd_bbs_1/102-4668260-2556102?ie=UTF8&s=books Must read

I guess you'll have to interview Simons on your show and find out once and for all. Maybe you can fit him in your schedule.

I agree its a misnomer to call Simons a trend follower in the classic sense. However, a quick look at sec.gov reveals that most of his positions are too large to be classic arb trades, there isnt enough liquidity to jump in and out at will and to take profits ( $200 million in altria is an...

funny surfer. At least ecritt runs a fund and has written a valuable paper on trend following. What about James Simons fund? I hear hes a trend follower too. 35% annually and he made $1.5 billion for himself last year. I wouldn't argue with success. If you ride a trend and it generates...

I havent traded options for a living, but on the screen during the day, I'm guessing its like poker. Is this at all accurate?

Read trend following on stocks. The author beat the market buying all time highs. Mind you he had novel entry and position sizing that is not described in the paper. http://www.turtletrader.com/blackstar-funds.html

wow, I got impressive results too trading a random entry. I also randomized the position sizing ( within a 1% range) and got even better results.

tireg,where did you get that article from 96? is there a link to it and other similar materials? Thanks for your post, I learned alot from it. Eric

You could get rich with a system that wins 20% of the time but losses 80% or more of the time. use tight stops and lets profits run, you could have an avg stop of 5% per trade and an avg winner of 100% and do quite well as a trend follower. The win / loss is mostly a reflection of how...

european keyboards...

Its probably best to compare trading to acting. Ever watch the actors studio? Look at that audience. Now look at the audience looking back at that actress / actor on stage. Pure envy. Most of them are paying 30k a year to aspire to be the next owen wilson or rachel mcadams ( wedding crashers...