Everyone is saying "Stupid customers, spending money that thye should know isn't yours!".
Unfortunately if you are running an automated trading system, the process goes something like: - I want to place a trade - Ask broker system how much money/margin etc I have available for the trade - Size trade based on response from broker - Place trade
usually these systems don't keep an entirely seperate portfolio system (especially retail systems) to ensure that the brokers response is actually correct.
Actually it's not too bad. I have set both mine and my wifes home machines up to use user accounts and it doesn't cause any issues except when a new app needs to be installed.
To install an app I log in as the admin and run the install. I then log out of admin and into the normal user account and test it. If the app fails, the sure-fire fix (hasn't failed yet) is to reboot into safe mode (only way in XP Home); log into admin again and change the programs install directory security settings to allow full access by the user accounts. Reboot, and test as user again, voila! Sometimes older programs won't set up programs in All Users, so a copy of the folder so it shows up under the program menu is sometimes required.
This is a little convoluted, agreed. But it happens once or twice a year. Malware can happen at any minute you are logged in and connected to the internet. Well worth the hassle.
Updates are done as Admin and usually propogate across all users (Firefox seems to be finally fixed so this works, or maybe I have learnt to turn off the auto-update).
But wait.... You say that I am now vunerable to attacks that modify the programs in that folder. Well the chances of hackers attacking these (generally older) obscure apps is pretty low. The whole small install base therefore not worth effort argument.
Actually North Africa was once the Roman Empires major wheat farming area. Most of that is now part of the Sahara. Funny thing is, we are still basically using the same stupid farming business models of ploughing & massive monocultures. Expect most of the current grain fields to end up more like the Saraha soon.
The use of GM crops to replace traditional crops that are failing to produce 50% of what they used to in the same fields is madness. You need to fix the root cause, not just look for a band aid to prop up a failing business model (just like the RIAA really).
Modern farming practices have stripped the ground of its fertility through practices of ploughing and leaving fallow (completely stripped, not the traditional left to grow weeds).
Farmers in the 19th and early 20th century were the richest people around. Now due to the massive inputs of fertiliser, herbicides and pesticides required to keep the drained land productive, they are amongst the poorest in our society.
see http://www.naturalsequencefarming.com/ for the low down on what has to happen if Australia want to continue to be able to farm. At least it's real and tested by real farmers on real properties.
To add to your reading "Back from the Brink" by Peter Andrews. The guy is no scientist, but as a life long farmer, who has proved that he can rehabilitate land, his ideas must be seriously considered. And what's more, they are cheap, just let the weeds grow and stop leaving ground bare.
Serioulsy, I know some guys currently making 20% per month. Volatility is usable if you have good twitch reflexes:-)
But I find trading the markets as challenging as gaming (even more so) and I have been able to grow my capital, and use my knowledge to avoid the wipe outs of the last year (moved my retirement fund investments into cash last November).
There is a massive opportunity for good game players in the markets. It's all the same principles of looking for the best probabilities, and minimising risk. And what's more there are heaps of walkthroughs available, you just need to find one that suits your personailty as there are heaps of ways to play.
My reccomendation is look for books by Daryl Guppy (Aussie author), his Share Trading and Chart Trading books are essentials for beginners. After that go for it, read, read, read, then develop a plan and test it.
Try Incredible Charts for a resonable free charting program with data for a few exchanges. It's delayed so not usable for real trading unless you subscribe, but for testing it works fine.
I wouldn't go so far as to accredit the Telstra sale for our economic success. I would say the resources boom since 2003 has done far more for the economy overall. The Telstra sale has helped the government reduce it's debt, granted. But it hasn't helped telecoms in Australia greatly, competition has done more in that space.
Seems like we agree on infrastructure monopolies. Telstra should have been split. The last mile needs heavy regulation to ensure quality of service (I should know, I am lucky to get 21Kbs dial up at my place, in a city) and the current setup of combined retail/wholesale/infrastructure doesn't like regulation at any point as it restricts them from leveraging the infrastructure monopoly.
I think the same thing would occur in electricity if the transmission was handed over to a single entity with control over retail/generation/transmission. But as you say we have a good market in place for generation, so it should work itself out. Currently it seems to be heading in the direction of seperate sales of generation facilities and retailing. I also think Mr Costa's plans are going to broadsided by the carbon trading work at the federal level. All of those coal generators are going to be a lot less desirable to own in the future.
Your first scentance says it all. It's the centre that matters, and the centre is shifting to the right. But at the same time politics is a three dimensional puzzle, we don't want to see the american 1 dimensional model taking over.
Can't say I agree with the idea of creating markets of utilities. It hasn't worked with Telstra, it won't work with power. At least with the distribution side. The generation and retail sides may bring benefits though, providing there are no monopoly players installed or allowed to form through mergers.
I get the feeling the porn filter was a way to win the christian right over. But overall you are right the labour party have taken on a number of policies that they were attacking only 12 months ago, except work choices.
Our Liberal Party (of which John Howard use to lead) along with the Nationals in coalition, is our political right. The Labour party is our political left.
For many years the Liberal party claimed to be equivalent to the US Democrats, now they (along with UK's Labour Party) seem to be more aligned with US Republicans.
The Australian Labour party is moving right as well. In NSW we have them going hell for leather trying to privatise utilities.
Its more than rainfall thats needed. Its a landscape problem Australia has. Since the coming of man we have destroyed the landscape (this includes aboriginals).
Australia did have big wide rivers, it's just that by the time humans got here, they were so wide they are referred to as flood plains.
The buring by aboriginals and the wholesale clearing by white settlers has caused the water channels we now call creeks and rivers, but these are not a natural part of the landscape. Read some of the notes by the early explorers. They describe large parts of inner Australia that is now desert or close too, as swamp land.
Peter Andrew's book Back from the Brink, is a great background on the situation along with his suggestions to fix the problem. He not scientist, just a farmer, but he makes so much sense that a number CSIRO scientists are backing his observations.
tens of millions per month.... even at 10 million per month per big supplier you listed (5) that 50 million per month, 600 million per year. Not bad, every person in the world would have a new laptop every 10 years.
That's what happened years ago in Australia. The Consumer and Competition Commission investigated the "Unlimited" offerings after complaints when the ISP's added "fairness" tests to their TOS. Result: No Unlimited unless it really has no limits. Thus all Australian ISP's offer tiers based on speed and data consumption.
Nope this is bad, not good. Yes it makes sense from an individual point of view, but not from a broader point of view. Your proposal basically increases the demand on base load artifically, making it harder for technologies like solar to show their value.
There has been some discussion here in Australia recently about this. A state government report in New South Wales has reccomended that we need more gas/coal based powerstations to support base load requirements (nuclear isn't a legal option at the moment), but a professor from a major university, has raised an alternative. The suggestion is to remove off-peak price reductions and provide rebates for moving people to solar hot water (hey it's Australia, we have more than enough sunlight). The reduction in off-peak requirement then reduces the need for base-load generation, as base-load is defined by the amount required for the off-peak.
As base-load generation is the most polluting, this would allow alternatives, and in particular solar (especially when we call ourselves the sunburnt country) to be able to be better utilised.
So that gives us reduced pollution, reduced carbon, less need to expand infrastructure, and meets general requirements for energy use.
The need to balance daylight usage with off-peak usage is industrial era thinking. Time to come up with better ways of doing things with the more flexible options technology is now providing.
It's called User Pays. It was also the answer to Unlimited being Limited really. If you want to download heaps of crap you pay for a higher cap, if you are a light user you can choose a cheaper plan. This stops leeches spoiling the fun for everyone while giving them the option to still download heaps of stuff without triggering unwritten limits.
Australia has limited bandwidth to the rest of the world, but most of the content is located elsewhere, hence ISP's are forced to pay by the MB to use the international links, this is just how the recover their costs while allowing the user to prioritise themselves.
It works for me.
Telstra (BigPond owner and monopoly over the last mile) can get stuffed though. It's an American run monopolist, and tries it's hardest to screw customers over time and again. The sooner they are taken out of the picture the better.
Rather than do something extra for Steve hows this for an idea.
Content providers just provide a licence to Apple and others to allow their space shifting software to rip the content to the proprietry device? It can be a one off licence for each disc. So I pay $1 to Steve and Co, which they pass on to the content provider (taking a small cut to cover costs), and then iTunes or other software allows me to decode a device specific copy of the content from the original disc.
Saves content providers modifying manufacturing No lock in to Apple etc No requiement for massive bandwidth etc (even work on dial up) Still requires purchase of original so the "artist" is being paid Would provide a easy way to do this for Joe Sixpack as the software would be provided by the hardware vendor and thus be an integrated process.
Take it, use it, but don't Patent it as I have prior art here.
American food != tasty
It's crud, and worse, if you want sweet you get corn syrup !!!!!
as the GP said, Americans have a sweet tooth, anything that's not sweetened is thought to be disgusting. Open your mind to new flavours. They are generally labelled sour, bitter, salty, and umami. Drink real beer, that would be a start:-)
As has already been pointed out, voting is not compulsory, attendance at a polling place is.
This ensures that we have all had the opportunity to vote if we so desire, thus protecting our right to vote.
There are enough stories that come out of the US every time they vote to see that this basic protection of the right to vote is not honoured, thus demeaning that right.
If you can't guarantee the right to vote to your citizens, you are not really trying to be a democracy.
We also have a preferential electoral system, another plus on the shambles that is the myth of US democracy.
My experiance working in a global company, is that I primarily see it from Americans. I also see it a lot on American web sites. I don't know if it's ignorance or common usage, as the people I have seen use it are generally known for their intelligence and ability to communicate. Annoys me no end for some reason.
Those I understand, but what's with Americans spelling ensure with an "i"? As in "I will insure that I spell correctly". To me that's just bizzare, who is going to pay out damages on your poor spelling?
True they have the advantage, and you won't be able to do the same.
But then what is your expectation? If you want to make a living out of music, then you need to work at it. Your first stuff will be heard by a couple of people. It's how you grow those couple of people that matter. You now have the ability to reach a world wide audiance, how do you get recognition? Not through big commercial radio channels, you seem to realise that. How about smaller channels? Internet Channels?
Take a look at the Australian music industry, most of the big names started as nobodies on independant labels. Some have been picked up by the big labels others stick it out and do quite well.
Some search terms to help you do some research: John Butler Trio The Waifs Jarrah Records Triple J FBI Radio Sydney
Of these probably Triple J has the biggest impact. If an indy band makes a good impression on Triple J then, they will probably get some commercial air time, as the commercials can't ignore the bands that are making it to the music festivals that are springing up every summer these days, and it's Triple J that seem to provide that conduit, along with their Unearthed initiative to find and promote new talent (eg Silverchair, Missy Higgins etc look them up)
FBI is even edgier, with bands making news here end up getting some Triple J play time, which if they can capitalise on, they can get support gigs with bigger local acts thus increasing their chances.
See the key is local grass roots support for bands, along with bands being willing to work up to a point where they are makeing a resonable living for their work, and accepting that they will be very lucky to make it big time, like Radiohead, but still have it possible to earn a decent living off their music.
Has the American music business truely died to a point where only stadium acts can make money?
You're obviously coming at this from an investment point of view and if that's your preferred approach then go for what you know.
Lucky streaks are the on topic part here, and agreed that they can happen. In fact I am in the middle of one now:-) 12 losers in a row. My account is down about 10%. Back to my point, Money Management has ensured it's not been worse. Even professional gamblers use money management because they understand about lucky streaks.
If I invested $5k and made 2000% profit I would be very happy and count myself lucky. I would not begrudge not investing $50k as position sizing wouldn't allow me to risk losing that much in the chance that it went the other way. And the $100k I made would be enough to generate a good trading fund.
Anyway time for dinner.
I fail to see how using Money Management and Position Sizing cuts the size of your wins. Yeah it means I don't throw 100% of my equity into one share in the hope it will go up (ie big risk), but it doesn't mean I cut my profits short. Yeah you can get lucky in any game, but luck will lose against a good strategy in the long run.
Seriously look into it further. Run some analysis in a spreadsheet on the Red/Black thing and apply position sizing (bet lots of 100% down to 1% of total available equity) and see how often you come out a winner over say 1000 goes (go for 65000 if you want, it's the row limit in Calc and Excel 2007).
I have been working stocks now for 5 years, lowest return is 20% thanks to resonable use of money management, highest is only 66%. I am discussing techniques with guys who look more for 100% per quarter, without using derivatives, and purely long side. I have lots to learn yet! But in these discussions one thing is evident, the buy and sell signals are insignificant compared to money managment, position sizing and setup.
Cheers
Or you could spend a little time learning about Money Management and Position Sizing and have the winners with little impact from the strike-outs.
Average Results are for in'duh'viduals.
Slashdot Mirror
Probably a bit late for anyone to notice this...
Everyone is saying "Stupid customers, spending money that thye should know isn't yours!".
Unfortunately if you are running an automated trading system, the process goes something like:
- I want to place a trade
- Ask broker system how much money/margin etc I have available for the trade
- Size trade based on response from broker
- Place trade
usually these systems don't keep an entirely seperate portfolio system (especially retail systems) to ensure that the brokers response is actually correct.
Actually it's not too bad. I have set both mine and my wifes home machines up to use user accounts and it doesn't cause any issues except when a new app needs to be installed. To install an app I log in as the admin and run the install. I then log out of admin and into the normal user account and test it. If the app fails, the sure-fire fix (hasn't failed yet) is to reboot into safe mode (only way in XP Home); log into admin again and change the programs install directory security settings to allow full access by the user accounts. Reboot, and test as user again, voila! Sometimes older programs won't set up programs in All Users, so a copy of the folder so it shows up under the program menu is sometimes required. This is a little convoluted, agreed. But it happens once or twice a year. Malware can happen at any minute you are logged in and connected to the internet. Well worth the hassle. Updates are done as Admin and usually propogate across all users (Firefox seems to be finally fixed so this works, or maybe I have learnt to turn off the auto-update). But wait.... You say that I am now vunerable to attacks that modify the programs in that folder. Well the chances of hackers attacking these (generally older) obscure apps is pretty low. The whole small install base therefore not worth effort argument.
Actually North Africa was once the Roman Empires major wheat farming area. Most of that is now part of the Sahara. Funny thing is, we are still basically using the same stupid farming business models of ploughing & massive monocultures. Expect most of the current grain fields to end up more like the Saraha soon.
The use of GM crops to replace traditional crops that are failing to produce 50% of what they used to in the same fields is madness. You need to fix the root cause, not just look for a band aid to prop up a failing business model (just like the RIAA really). Modern farming practices have stripped the ground of its fertility through practices of ploughing and leaving fallow (completely stripped, not the traditional left to grow weeds). Farmers in the 19th and early 20th century were the richest people around. Now due to the massive inputs of fertiliser, herbicides and pesticides required to keep the drained land productive, they are amongst the poorest in our society. see http://www.naturalsequencefarming.com/ for the low down on what has to happen if Australia want to continue to be able to farm. At least it's real and tested by real farmers on real properties.
To add to your reading "Back from the Brink" by Peter Andrews. The guy is no scientist, but as a life long farmer, who has proved that he can rehabilitate land, his ideas must be seriously considered. And what's more, they are cheap, just let the weeds grow and stop leaving ground bare.
Serioulsy, I know some guys currently making 20% per month. Volatility is usable if you have good twitch reflexes :-)
But I find trading the markets as challenging as gaming (even more so) and I have been able to grow my capital, and use my knowledge to avoid the wipe outs of the last year (moved my retirement fund investments into cash last November).
There is a massive opportunity for good game players in the markets. It's all the same principles of looking for the best probabilities, and minimising risk. And what's more there are heaps of walkthroughs available, you just need to find one that suits your personailty as there are heaps of ways to play.
My reccomendation is look for books by Daryl Guppy (Aussie author), his Share Trading and Chart Trading books are essentials for beginners. After that go for it, read, read, read, then develop a plan and test it.
Try Incredible Charts for a resonable free charting program with data for a few exchanges. It's delayed so not usable for real trading unless you subscribe, but for testing it works fine.
I wouldn't go so far as to accredit the Telstra sale for our economic success. I would say the resources boom since 2003 has done far more for the economy overall. The Telstra sale has helped the government reduce it's debt, granted. But it hasn't helped telecoms in Australia greatly, competition has done more in that space.
Seems like we agree on infrastructure monopolies. Telstra should have been split. The last mile needs heavy regulation to ensure quality of service (I should know, I am lucky to get 21Kbs dial up at my place, in a city) and the current setup of combined retail/wholesale/infrastructure doesn't like regulation at any point as it restricts them from leveraging the infrastructure monopoly.
I think the same thing would occur in electricity if the transmission was handed over to a single entity with control over retail/generation/transmission. But as you say we have a good market in place for generation, so it should work itself out. Currently it seems to be heading in the direction of seperate sales of generation facilities and retailing. I also think Mr Costa's plans are going to broadsided by the carbon trading work at the federal level. All of those coal generators are going to be a lot less desirable to own in the future.
Your first scentance says it all. It's the centre that matters, and the centre is shifting to the right. But at the same time politics is a three dimensional puzzle, we don't want to see the american 1 dimensional model taking over.
Can't say I agree with the idea of creating markets of utilities. It hasn't worked with Telstra, it won't work with power. At least with the distribution side. The generation and retail sides may bring benefits though, providing there are no monopoly players installed or allowed to form through mergers.
I get the feeling the porn filter was a way to win the christian right over. But overall you are right the labour party have taken on a number of policies that they were attacking only 12 months ago, except work choices.
Our Liberal Party (of which John Howard use to lead) along with the Nationals in coalition, is our political right. The Labour party is our political left.
For many years the Liberal party claimed to be equivalent to the US Democrats, now they (along with UK's Labour Party) seem to be more aligned with US Republicans.
The Australian Labour party is moving right as well. In NSW we have them going hell for leather trying to privatise utilities.
Its more than rainfall thats needed. Its a landscape problem Australia has. Since the coming of man we have destroyed the landscape (this includes aboriginals).
Australia did have big wide rivers, it's just that by the time humans got here, they were so wide they are referred to as flood plains.
The buring by aboriginals and the wholesale clearing by white settlers has caused the water channels we now call creeks and rivers, but these are not a natural part of the landscape. Read some of the notes by the early explorers. They describe large parts of inner Australia that is now desert or close too, as swamp land.
Peter Andrew's book Back from the Brink, is a great background on the situation along with his suggestions to fix the problem. He not scientist, just a farmer, but he makes so much sense that a number CSIRO scientists are backing his observations.
tens of millions per month.... even at 10 million per month per big supplier you listed (5) that 50 million per month, 600 million per year. Not bad, every person in the world would have a new laptop every 10 years.
I don't think so.
That's what happened years ago in Australia. The Consumer and Competition Commission investigated the "Unlimited" offerings after complaints when the ISP's added "fairness" tests to their TOS. Result: No Unlimited unless it really has no limits. Thus all Australian ISP's offer tiers based on speed and data consumption.
Not a 'patch' as it needs to be continually re-applied. It's more a workaround.
Nope this is bad, not good. Yes it makes sense from an individual point of view, but not from a broader point of view. Your proposal basically increases the demand on base load artifically, making it harder for technologies like solar to show their value.
There has been some discussion here in Australia recently about this. A state government report in New South Wales has reccomended that we need more gas/coal based powerstations to support base load requirements (nuclear isn't a legal option at the moment), but a professor from a major university, has raised an alternative. The suggestion is to remove off-peak price reductions and provide rebates for moving people to solar hot water (hey it's Australia, we have more than enough sunlight). The reduction in off-peak requirement then reduces the need for base-load generation, as base-load is defined by the amount required for the off-peak.
As base-load generation is the most polluting, this would allow alternatives, and in particular solar (especially when we call ourselves the sunburnt country) to be able to be better utilised.
So that gives us reduced pollution, reduced carbon, less need to expand infrastructure, and meets general requirements for energy use.
The need to balance daylight usage with off-peak usage is industrial era thinking. Time to come up with better ways of doing things with the more flexible options technology is now providing.
It's called User Pays. It was also the answer to Unlimited being Limited really. If you want to download heaps of crap you pay for a higher cap, if you are a light user you can choose a cheaper plan. This stops leeches spoiling the fun for everyone while giving them the option to still download heaps of stuff without triggering unwritten limits. Australia has limited bandwidth to the rest of the world, but most of the content is located elsewhere, hence ISP's are forced to pay by the MB to use the international links, this is just how the recover their costs while allowing the user to prioritise themselves. It works for me. Telstra (BigPond owner and monopoly over the last mile) can get stuffed though. It's an American run monopolist, and tries it's hardest to screw customers over time and again. The sooner they are taken out of the picture the better.
Rather than do something extra for Steve hows this for an idea.
Content providers just provide a licence to Apple and others to allow their space shifting software to rip the content to the proprietry device? It can be a one off licence for each disc. So I pay $1 to Steve and Co, which they pass on to the content provider (taking a small cut to cover costs), and then iTunes or other software allows me to decode a device specific copy of the content from the original disc.
Saves content providers modifying manufacturing
No lock in to Apple etc
No requiement for massive bandwidth etc (even work on dial up)
Still requires purchase of original so the "artist" is being paid
Would provide a easy way to do this for Joe Sixpack as the software would be provided by the hardware vendor and thus be an integrated process.
Take it, use it, but don't Patent it as I have prior art here.
What sort of scary country do you live in! To be constantly prepared to dial the emergency number?
American food != tasty It's crud, and worse, if you want sweet you get corn syrup !!!!! as the GP said, Americans have a sweet tooth, anything that's not sweetened is thought to be disgusting. Open your mind to new flavours. They are generally labelled sour, bitter, salty, and umami. Drink real beer, that would be a start :-)
As has already been pointed out, voting is not compulsory, attendance at a polling place is.
This ensures that we have all had the opportunity to vote if we so desire, thus protecting our right to vote.
There are enough stories that come out of the US every time they vote to see that this basic protection of the right to vote is not honoured, thus demeaning that right.
If you can't guarantee the right to vote to your citizens, you are not really trying to be a democracy.
We also have a preferential electoral system, another plus on the shambles that is the myth of US democracy.
My experiance working in a global company, is that I primarily see it from Americans. I also see it a lot on American web sites. I don't know if it's ignorance or common usage, as the people I have seen use it are generally known for their intelligence and ability to communicate. Annoys me no end for some reason.
Those I understand, but what's with Americans spelling ensure with an "i"? As in "I will insure that I spell correctly". To me that's just bizzare, who is going to pay out damages on your poor spelling?
True they have the advantage, and you won't be able to do the same.
But then what is your expectation? If you want to make a living out of music, then you need to work at it. Your first stuff will be heard by a couple of people. It's how you grow those couple of people that matter. You now have the ability to reach a world wide audiance, how do you get recognition? Not through big commercial radio channels, you seem to realise that. How about smaller channels? Internet Channels?
Take a look at the Australian music industry, most of the big names started as nobodies on independant labels. Some have been picked up by the big labels others stick it out and do quite well.
Some search terms to help you do some research:
John Butler Trio
The Waifs
Jarrah Records
Triple J
FBI Radio Sydney
Of these probably Triple J has the biggest impact. If an indy band makes a good impression on Triple J then, they will probably get some commercial air time, as the commercials can't ignore the bands that are making it to the music festivals that are springing up every summer these days, and it's Triple J that seem to provide that conduit, along with their Unearthed initiative to find and promote new talent (eg Silverchair, Missy Higgins etc look them up)
FBI is even edgier, with bands making news here end up getting some Triple J play time, which if they can capitalise on, they can get support gigs with bigger local acts thus increasing their chances.
See the key is local grass roots support for bands, along with bands being willing to work up to a point where they are makeing a resonable living for their work, and accepting that they will be very lucky to make it big time, like Radiohead, but still have it possible to earn a decent living off their music.
Has the American music business truely died to a point where only stadium acts can make money?
You're obviously coming at this from an investment point of view and if that's your preferred approach then go for what you know. Lucky streaks are the on topic part here, and agreed that they can happen. In fact I am in the middle of one now :-) 12 losers in a row. My account is down about 10%. Back to my point, Money Management has ensured it's not been worse. Even professional gamblers use money management because they understand about lucky streaks.
If I invested $5k and made 2000% profit I would be very happy and count myself lucky. I would not begrudge not investing $50k as position sizing wouldn't allow me to risk losing that much in the chance that it went the other way. And the $100k I made would be enough to generate a good trading fund.
Anyway time for dinner.
I fail to see how using Money Management and Position Sizing cuts the size of your wins. Yeah it means I don't throw 100% of my equity into one share in the hope it will go up (ie big risk), but it doesn't mean I cut my profits short. Yeah you can get lucky in any game, but luck will lose against a good strategy in the long run. Seriously look into it further. Run some analysis in a spreadsheet on the Red/Black thing and apply position sizing (bet lots of 100% down to 1% of total available equity) and see how often you come out a winner over say 1000 goes (go for 65000 if you want, it's the row limit in Calc and Excel 2007). I have been working stocks now for 5 years, lowest return is 20% thanks to resonable use of money management, highest is only 66%. I am discussing techniques with guys who look more for 100% per quarter, without using derivatives, and purely long side. I have lots to learn yet! But in these discussions one thing is evident, the buy and sell signals are insignificant compared to money managment, position sizing and setup. Cheers
Or you could spend a little time learning about Money Management and Position Sizing and have the winners with little impact from the strike-outs. Average Results are for in'duh'viduals.