Profunds index and sector trading

[exp]

larry, i am expecting that kt's incredible track record trading qqq in 2003 (about 15% a month compounded without margin or leverage and with no stop loss) is not sustainable...
i would love to be proven wrong on this however...
so i am watching for weak points of his system and to see what kind of drawdown he'll experience...
i'll watch to assess his win probability over a longer time and the avge sizes of profits and losses...
i am pretty sure his system will prove itself..the questions are: what risk level does his system implicitly assume (max % loss per trade) and what is his long term monthly compound rate of return...

imo kt's system is a truly fascinating real time trading experiment...reminds me of wahz's trading system...

george