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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: axp who wrote (15177)	3/8/2001 5:46:06 AM
From: aptus	Respond to of 18929

Hello axp, "I probably shouldn't have brought up the WAIT%. I haven't done enough homework to back up the idea with statistics" On the contrary, I think you should always bring up new ideas because it is much more efficient to have multiple heads (lemon or otherwise ;-) doing your "homework" rather than just you. If your idea has flaws, I know there are people on this board who will bring it to your attention (in a nice way). And it's invaluable to have guys like Barry Savage have a go at your algorithms -- definitely keeps you on your toes. BTW, I know the point of the discussion is on preserving cash in an extended decline, but my position is as follows. My number one goal is to make as much money from the system as possible. If that happens because I can preserve cash until the bottom, that's great. But if I manage to preserve cash until the bottom and the return is lower than what I would have achieved using BTB, then I don't care about preserving cash. Preserving cash is simply a means to an end (that end being to make as much money from the system as possible). The ultimate goal, in my mind, is not to preserve cash in an extended decline (that's just a step towards the real goal). From what I've tested, this method doesn't work. However just because it didn't work in my limited tests, doesn't mean that it won't work. It sounds like a good idea that should work, and one of these days I'd like to explore it in more detail. In the meantime, however, I'll follow that Swiss Army saying, "When the Terrain and the Map don't agree, follow the Terrain." regards, Mark. P.S. I really enjoy your posts and the ideas you continue to present.