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Signals & Bought Systems
Read this quote from Dynamic Traders article:
"In 1995, the S&P was up 35% for the year. In 1995, the average gain of the 205 funds tracked by Futures Magazine was just 12.11%. The average futures trading fund had a little more than 1/3 of the gain of the S&P for the year. If you had bought a held an Index Fund for the year, you would have had almost 300% greater gain than the average futures fund for 1995. In 1995, about one quarter of the funds were down for the year. Only nineteen or less than one out of ten funds beat a buy and hold strategy for the S&P that year. These organizations with unlimited resources to develop a consistently profitable trading system were unable to succeed. Each year the results have been similar to those in 1995. If you believe that you can purchase a profitable trading system for a few hundred dollars are you dealing with reality? Most of the public trading funds have more than ten million dollars under management. Some a lot more. All together they represent billions of trading dollars. And this is just a drop in the bucket compared with the private trading funds. How much do you think it would be worth to any one of these funds to purchase a system that is profitable? Can you count that high? Given this information, do you really think you can buy a profitable trading system for a few hundred dollars? A consistently profitable trading system could easily be leased to a trading fund for tens of thousands of dollars each month. Who is really going to sell one to the public for a few hundred dollars?" I guess that means give Ebay a miss! |
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