...AND how do you know it is precisely the same analysis? ...AND what does a bankroll have to do with anything... ...AND how did you arrive at < 20%...or is it just a number ...AND you are consistently profitable? NiN
this totally misses the reality. there are millions of stupid, greedy, delusional folks who trade and bankrupt each account, one after the another. there are 10,000s of traders who have TOO MUCH money (originated from oil business, gun traffic, drugs, etc) and they play with it like in the casino. and there are thousands of "professional" firms , banks, funds who DON'T HAVE A CLUE about RISK. Madoff, Societe Generale (Jerome Kerviel case). I repeat -- 100s of Billions of dollars are traded every day without any sane rules. they actually use VaR to calculate risk! on top of that you have Nobel prize winners who trade like the most crazy gamblers (LTCM). in financial markets, 80-90% of traders have less skills and brains than a monkey. you just need to have enough common sense to filter all the garbage methods and focus on the strategies which have a chance of winning, while keeping your risk tight. i guarantee you, most of the folks will never learn how to do it. most of the folks will be burnt by emotions.
Frosty..... go for it... EDward O Thorp.... A mathematics professor analyzed blackjack and changed that game forever. He was a pioneer in probability theory and after blackjack, he developed and applied his probability theory to hedge fund techniques. I believe his hedge fund has been very successfull over a number of years. so anything is possible... looking forward to your posts... toucan
thats right, anything is possible, so lets encourage the guy that he can make 100's of % when only 1 out 0f 100,000 have ever done that without some gimmick. and if you're real nice, and he gets real lucky, he'll give away his secrets right here for you to glom. we have concurrent pipe dreams at work
The world of innovation is dead . . . No new discoveries will ever happen again. Original thought as we knew it no longer exists. All those new species we discover each year are a figment of our collective imaginations. All of those new inventions that our species creates each year are a fraud. Even though the average retail trader is utilizing a more technologically advanced computer system than the average institutional trader. This makes no difference. God forbid anyone out here in the "real" world is smarter than those babbling idiots in the financial houses on Wall Street that can only make money by bulldozing their way through a market. Mark Zuckerberg was born in corporate American not in a dorm room, Larry Page was born on Wall Street not on a college campus, Michael Dell was born in the corporate halls of New York not in a warehouse in Maryland and no one could ever ever figure out simple sequencing. Ignorance is bliss and some people are eternally at peace.
Didn't Bill Gates once say that he was more concerned about what some lone software engineer might be working on in his garage than he was about what Apple or Google were up to?...