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Strategies & Market Trends : Technical Analysis - Beginners

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To: big run who wrote (9431)	2/17/1999 11:12:00 PM
From: Richard Estes	Read Replies (2) of 12039

He meant back testing, it does not provide the detail or the flexibility of a MSWIN or TF+. Remember testing can not mirror reality, even the best software fails here. The importance of testing is to determine which system does the best job in fitting your style/needs/mindset. If you plan on the short term, why look at an average holding period of 6 months. The longer system may make more money but we don't maximise profits. We fit our mindset. Ever hear someone say he keeps data on only 200 stocks, this limits him to their fortunes. Or I only buy stocks in S&P 500 over $30, he misses all those that did not make list or price limit. Ever hear I don't want to hold more than a week or less than a year? Which systems will perform well? which are the best? You need a lot of information over a period of time put against many stocks to find the best one for you. An important measure is the time out of trade. one stock moves 10% in one day, another moves 20% in one month, which stock or the system that finds them is best for the person. If I have time I will put up a metastock system test results.

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