Was reading a old SFO magazine last night (8,9/2003 issue) and read the article starting on page 29 "Anatomy of a master trader, programmer, and systems writer". Edward Velazquez supposedly sold a system for 10's of millions, so I read the article to glean some insight's. Looked interesting so I did a Basic search this morning to see if he's working in the futures world. Pretty surprised to find this under his name: http://www.nfa.futures.org/BasicNet/Case.aspx?entityid=0267201&case=04C+5853&contrib=CFTC 95% failure rate is beginning to look like a lowball estimate.
There is a fundamental flaw in the system: The crooks are MUCH smarter than the regulators. When was the last time you heard... The smartest guy in his class say, "I wanna be an NASD examiner". rm+
I read that he made a lot of tactical descisions based on the recommendations of an astrolger. Thought he could solve his problem with the Jews by wiping them out. I would say he was a moron.
I've never understood why anyone would even buy a system. Design your own. There is a reason why people sell the things. if they were that good, do you really think they'd sell em? Jay