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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call -- Ignore unavailable to you. Want to Upgrade?

To: Sojourner Smith who wrote (11424)	6/15/2003 9:31:12 PM
From: Sojourner Smith	Read Replies (1) \| Respond to of 11447

typo corrected: The question is: does any method people use that are posting have better odds or even if they are right 80% of the TIME, will they still lose money overall? BTW The coin-toss system I showed produced a 50% gain with 5000 coin tosses.

To: Sojourner Smith who wrote (11424)	6/15/2003 11:52:04 PM
From: Win-Lose-Draw	Read Replies (1) \| Respond to of 11447

position sizing will not make a winner out of a 50-50 proposition. only luck can do that. but i do agree that money management is the single most important factor in market success.

To: Sojourner Smith who wrote (11424)	6/16/2003 1:10:41 AM
From: augieboo	Respond to of 11447

I can't speak for anyone else, but from my perspective it seems that you've been obscuring your own point. My original point was: I was defending the argument that neural nets were no better than a coin toss. I stated that 50/50 could still be profitable with position sizing. I really don't know enough about neural nets to have an opinion on this particular subject. When I want to know about computers I bug Win-Lose-or-Draw about it until he reduces it down to simple enough language for me to understand. {g/ng} With that said, I think the basic question of how to make money consistently depends on several factors, the first and foremost of which is to avoid losses and to minimize those losses which are unavoidable.