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Yuki, Just to clear up any misunderstanding, that 20% was just a figure of
speech. Nevertheless, a nice figure to aim for, but of course I dream of
doing much better!
I have a fun question for you... if you were developing some new code around
a completely new idea and your backtest shows it makes 30%/month at 3
trades/day, are you so sure this would be impossible that you would delete
the code without a further look? Or would your blood pressure go up just a
tiny bit?
Take care,
herman.
-----Original Message-----
From: Yuki Taga [mailto:yukitaga@xxxxxxxxxxxxx]
Sent: Tuesday, October 05, 2004 6:53 AM
To: Herman van den Bergen
Subject: [amibroker] OT Shooting the moon (Was: Tillson T3)
Hi Herman,
Tuesday, October 5, 2004, 7:34:28 PM, you wrote:
HvdB> OT. This may have been before your time Yuki
I am pretty sure I pre-date Steve on this list, but maybe not.
HvdB> but when Steve joined this list long ago some traditional
HvdB> traders were also skeptical about Steve's mechanical trading
HvdB> claims. Steve was actually coerced into producing testimonials
HvdB> to support his claims (he did). imho, In trading one has to
HvdB> think "big" because in the end practical profits will just be a
HvdB> fraction of the backtests.
Don't confuse Steve with anyone claiming 100 percent a month, or even
20 percent a month. ^_^
HvdB> For some odd reason many new ideas are usually shot down by
HvdB> traders with 20+ years of experience.
I have that, and more. It's not the new ideas that get shot down,
just the patently absurd claims. I happen to think Steve's
mechanical systems make money; I just couldn't stand the DDs.
HvdB> Mechanical-trading, automated-trading, trading the market, are
HvdB> just a few topics of recent years that were hard to swallow by
HvdB> some. Remember the day people were laughing about going to the
HvdB> moon? Probably before your time too :-)))
Gee, I'd already lost my virginity by then. ^_^ What does *that*
tell ya? (No, it wasn't Steve.) ^_-
HvdB> Take care Yuki, I love your posts so keep them coming!
HvdB> herman
Yuki
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