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Re: RCKS post# 136

Thursday, 05/07/2009 3:25:16 PM

Thursday, May 07, 2009 3:25:16 PM

Post# of 185
RCKS: Regarding the chop factor. If you will carefully examine the 10-day and 20-day ma method, you will see the chop is largely screened out. There will be false starts and slippage absolutely--but to an acceptable extent. This is my observation anyway so far. A little fine-tuning may be required.

Regarding most successful traders:

1) I've noticed they work really hard paying attention to a lot of iffy information along with the stuff that works.

2) Few are hitting 100 percent returns consistently. There is a strong tendency to make a lot and then lose a lot, or to have good years and bad years. But I guess the truth is, I'm not here to discuss other traders but to discover *only* that information that is truly bankable.

My method is suggesting consistent returns of 100+ percent per year when starting with an amount such as $10,000. If you are trading amounts over $100,000, other issues tend to lower overall returns. For example, it isn't realistic to dump 100% into a trade, sell 100 percent, and then rebuy on the next signal with 100%. Or is it? In any case, you run into difficulties when managing more than $1 million. Distributed trading and/or distributed computing solves that problem when dealing with amounts over $5 million.

I will be putting together the hard facts proving that 100+ percent is a consistent possibility. Will take a couple weeks to get it out there.

Thanks for writing!

Ted


Strip price to the barest data that tells us BUY, HOLD, or SELL.

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