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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: Gary D who wrote (11713)1/15/2001 10:52:20 PM
From: geode00  Read Replies (1) | Respond to of 42834
 
This was not a bum call if his system generated a valid probability distribution and he interpreted it correctly

I would suggest that this is putting the cart before the horse. The entire purpose of making a trading call like the QQQs is to buy low and sell high during a relatively short timeframe. Anything else, while it might be pure statistical poetry, is a bum.

You are viewing the "system" as inviolate while I am saying that the results are so. I don't care if he asks his dog on one trade and throws sticks on another. All I care is that he is right often enough to provide above average returns for reasonable risk.



To: Gary D who wrote (11713)1/15/2001 11:30:39 PM
From: Chris J. Horne  Read Replies (1) | Respond to of 42834
 
"And then, if the actual outcome falls outside the range of likely outcomes (due to bad election, terrorist anthrax release, etc.), does that mean he made a bum call? I say no."

I say "SHOW ME THE MONEY."



To: Gary D who wrote (11713)1/18/2001 12:29:04 AM
From: Investor2  Respond to of 42834
 
Nice post.

Best wishes,

I2