Time doesnt permit me to write a long post. But I think Jack Schwager in one of his books povides a very good description of what You want. Tuschar Chande also has insights. One such parameter is the Sharpe ratio, but you need use it slightly differently. Firstly, take risk free return as zero, and you are obtaining the ratio of mean return to std deviation. Secondly, calculated yearly sharpe ratios and compare them from year to year.
_____ From: [email protected] [mailto:[EMAIL PROTECTED] On Behalf Of cstrader Sent: Thursday, 13 March 2008 12:26 PM To: [email protected] Subject: Re: [amibroker] Re: Interactive Brokers plugin policy change Yes, completely silly as we can trade FUTURES contracts at many brokerages with only $2K. What the heck are they thinking? ----- Original Message ----- From: "Yuki Taga" <[EMAIL PROTECTED] <mailto:yukitaga%40tkh.att.ne.jp> att.ne.jp> To: "Tomasz Janeczko" <[EMAIL PROTECTED] <mailto:amibroker%40yahoogroups.com> ps.com> Sent: Wednesday, March 12, 2008 9:14 PM Subject: Re: [amibroker] Re: Interactive Brokers plugin policy change > Hi Tomasz, > > TJ> US securities regulations require at least USD 25,000 (or USD > equivalent) in equity to day trade. > > I always thought this was a silly little "looks like we are > protecting the little guys" kind of law. > > So, somebody without very much cash is prohibited from repeatedly > wagering (and let's assume losing) an amount of cash that is, by most > measures, rather inconsequential. But somebody with poor trading > skills and an amount of cash that is a bit more meaningful is free to > squander their larger pile, which may be just as large a percentage > of their net worth as is the case with the smaller guy -- until they > have a very little egg left, which they are then "protected" from > day-trading away. Such scratch-my-head public policy. > > Las Vegas gives worse odds than the equity market, but I don't think > anyone is required to put up 25 K to "day-trade" Blackjack. ^_^ > > Yuki (who agrees in principle that 25 K is not enough to attempt > making a living in the market -- or at Las Vegas) > > > > > > 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 NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG: > http://www.amibroke <http://www.amibroker.com/devlog/> r.com/devlog/ > > For other support material please check also: > http://www.amibroke <http://www.amibroker.com/support.html> r.com/support.html > > Yahoo! Groups Links > > >
