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Strategies & Market Trends : AMIGOS INVITATIONAL PORTFOLIO - STATS -- Ignore unavailable to you. Want to Upgrade?

To: scouser who wrote (1)	6/13/1999 12:56:00 AM
From: freelyhovering	Read Replies (1) \| Respond to of 18

Scouser--Nice job. I am astounded that Instock has shown tendencies on this thread of becoming a long term trader. Two 9 day trades and a 7 day trade. Absolutely mind blowing!!!!<gg> Myron

To: scouser who wrote (1)	6/13/1999 4:12:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 18

John, thanks for keeping the stats on our closed trades. AS

To: scouser who wrote (1)	7/10/1999 6:01:00 AM
From: FrozenZ	Read Replies (1) \| Respond to of 18

I'd just like to mention something about the 1700% profit because it seems too good to be true and it is... let me explain. If I take $500 and buy stock xyz and then sell it for a 10% profit, and then take that same money and buy abc stock and sell it for a 10% profit then I have made a 20% profit on my $500 and adding them up in this way is correct. However, if I take $500 and buy xyz while at the same time holding abc, then sell them both, making a 10% profit on each, I have NOT made a 20% profit on my money. I've made a 10% profit on my money. Understand? ABC ->$500 + $50 (10%) and XYZ ->$500 +$50 (10%)= $1100 or a 10% return on my $1000. So the only way to come out with a slightly meaningful figure is to average the percentages, not add them. P.S.If we really were bringing in 1700% a year we could turn this into a pay site maybe. P.S.S. If we take the statistics in the message that I'm replying to and average them (as it should be) instead of the 224% return claimed, we get a 6.05% return. Since something should be subtracted for commissions I guess 5% would be realistic. I hope this doesn't disappoint anyone.