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Strategies & Market Trends : E-Mini Pit -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (1970)	2/28/2002 3:13:23 PM
From: Nemer	Read Replies (1) \| Respond to of 11288

absolute last thing I'm gonna say today about any of this ... ggggggggg >>>>>>> You know I am convinced, although I have not proven it by running any tests, that a random entry system that uses good money mangement and exit techniques would make some serious money. yes sir .. it WILL cause if it can't ... it is NOT a good system/plan/method .... I've done it and DO it .... thass it ... <smile>

To: SE who wrote (1970)	2/28/2002 9:53:53 PM
From: the-phoenix	Read Replies (1) \| Respond to of 11288

>>You know I am convinced, although I have not proven it by running any tests, that a random entry system that uses good money management and exit techniques would make some serious money<< Have said the same, and believe it. Assume random entry is correct 45-55% of the time. Very few trading systems can boast of a long-term success rate of better than 60%, which means most are no better than random. My experience of trading the futures to date is net profitable, but with a win rate of only 48%. (I count scratches in the loss column.) If I had let my winners run and cut a few of my losses a heck of a lot shorter, I'd be looking at a very nice equity curve, without any change in the win rate. So there is a "test" for you, over several hundred trades, anyway. Phoenix