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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Magnatizer who wrote (2310)	6/21/2000 3:07:00 PM
From: John Pitera	Read Replies (2) \| Respond to of 33421

David, If you are doing some serious statistical analysis, I would greatly encourage you to read the interview of William Eckhardt in Jack Schwager's "The New Market Wizards" Eckhardt has done some excellent research on all types of statistical approaches and has lots of advice for people putting together trading systems. Eckhardt was the partner of Richard Dennis and the famous "turtles" , came about as a result of a bet that the two men made. Dennis believed that people could be taught how to trade very profitably. Eckhardt did not. They had a group of students, (I believe 20) who were instructed how to trade and did fabulously well, do to what they learned. Money/Risk Management ended up being a key to their success. Dennis won the bet incidentally. :) John