Hi Mark, Glad to hear you don't bet the farm. ^_^
I was trading probably before the 'Wizard' writers were out of high school. And I believe Richard Dennis, whose successes were kind of the inspiration for those books, eventually tapped out, as in blew the whole bankroll. Pardon me if I have that wrong. Nobody gets those returns consistently, and the basic reason behind that statement being clearly true should be obvious: The geometrical growth of the money would soon have such a successful trader with such a large amount of capital that percentage return gets progressively more and more difficult to keep in the stratosphere. Eventually, position sizes become a problem because of market liquidity. Or did you harken onto the grail? ^_- Look at Warren Buffet's problem ... too much cash, not enough qualifying opportunities. And he's not even a trader. Of course, you could be talking un-compounded. But I still have serious doubts about sustainability. I stand by my statement that outsized returns, particularly the super-jumbo outsized, require outsized risk. I haven't seen any cases in which that risk didn't ultimately pose a problem. And I also stand by my opinion that percentage returns in that league are unsustainable. If they were not, a very few managers would be managing most of the world's capital. But that is not the case. Yuki Tuesday, June 20, 2006, 9:36:27 AM, you wrote: MH> Yuki: MH> Thanks for your kind warning. However, you got it wrong. I am trading a strict mechanical system including position sizing algorithm. So "bet it all" is not applicable here. There were no big bets and no big wins either. Just small bets and small wins/losses, and a lot of them. Since you stated "nobody gets those kind of returns", I would recommend that you read a few of those wizards/hitters books to get some inspiration. MH> Good trading, MH> - Mark H ------------------------ Yahoo! Groups Sponsor --------------------~--> Something is new at Yahoo! Groups. Check out the enhanced email design. http://us.click.yahoo.com/rlNZQC/gOaOAA/cosFAA/GHeqlB/TM --------------------------------------------------------------------~-> Please note that this group is for discussion between users only. To get support from AmiBroker please send an e-mail directly to SUPPORT {at} amibroker.com For other support material please check also: http://www.amibroker.com/support.html Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/amibroker/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
