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To: Not_Active who wrote (2557)6/25/1999 5:36:00 AM
From: TheBusDriver  Read Replies (1) | Respond to of 4504
 
<< We will have a spreadsheet posted at the site soon to help illustrate the point.>>

Where is this?

wayne



To: Not_Active who wrote (2557)6/25/1999 12:13:00 PM
From: TrueScouse  Respond to of 4504
 
Kacy:

Thanks for the link to the site. It looks very interesting and I'll spend some time browsing around there. It's good to see a site focussing on money management, because this really is the secret. When Liz asks for proof of TA's forecasting ability, she's missing the point. Nobody knows what the market is going to do next. All you can do is look at the possible scenarios and play the odds.

<<we play a risk:reward matrix .... mistakes and incorrect analysis (even as high as being wrong 50% of the time) can be overcome as long as the potential reward is higher than the risk on each trade.>>

Precisely. The winning trades are only about 40% of the total in the long-term systems I use for futures, but overall and if properly diversified, they are profitable.

So thanks for your TA comments!
Howy