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Would such a contest be of any interest to someone like yourself who is contemplating getting into the money management business? $350 would seem like inexpensive advertising. Put your hard earned money with me, here's proof I know what I'm doing. Minervini seems to be riding the hype. Getting...

According to the web site There's no prize for winning, only bragging rights. It's up to the contestant to supply the brokerage statements to Zadeh. I guess there's lots of room to photoshop or adjust the statements, but you'd certainly make a name for yourself if you got caught cheating.

The worst point would be below my stop. :)

Cutting quickly to me means protecting my capital. You are right, I haven't done enough analysis to form a bias that might keep me in a losing trade. Stocks fall for a myriad of reasons, I can't possibly know them all. I'll just get out and see what happens. It is my process for controlling...

I don't know but you could run a scan to see which stocks were up more than say 30% during the first part of the year. Look for stocks that broke out of a base on volume. Check out the US investing championship site for a list of the monthly standings from the beginning of the year.

Have you checked out the contest? He says at the end of the contest he will release audited results. From what I am lead to believe his risk control is very tight. Very few positions but with tight stops.

Ok I thought that was the screen you ran for the top 5%. Minervini cuts losses quickly to control risk. What is your process?

I don't hate you I just don't agree with your approach. :) I'm not sure what the graph is showing. It looks like the screen is outperforming the index.

I think we are on the same page. I took early retirement and manage to live comfortably. If I want to go somewhere I fly first class but don't have my own private jet. I enjoy the challenge of trading and have been fortunate enough to do well at it. The kids will have a nice start when I drop...

Interesting. Is that using the top 5% and culling the losers?

Risk management. Capital preservation is priority number 1.

You are using the S&P 500. This is a momentum index to start with. How many companies are included in the top 20%? 100 ? What if you used the top 5%. Can you eliminate companies that trade below their 50ma? What about newer companies that are in the mid and small cap groups.

Entertainment then? You trade to keep busy and for the challenge. Not unlike going to the casino. If you enjoy trading and you can afford the loss, then it isn't work. If you can increase your net worth by doing something you enjoy that seems to be a win/win situation. Why wouldn't you let your...

The one thing he is doing that most vendors don't is trading a live account and publishing their results. Leading the US trading championship, trading his own money. If high growth companies have growth priced in why are they continuing to grow? If you wanted to just invest in high growth...

What he look at is earnings and revenue growth, whether the stock is in a leading sector or industry and believe it or not the price chart. It doesn't matter what the company does it matters what the stock does. He's been around for years, good enough to make the market wizards book and has won...

Different personal experiences for sure. My trading improved drastically when I went to a rules based system. Like they say find a system that fits your personality. I went from chaotic to calm because I had rules to follow. No decisions to make on the fly, just follow the rules. Again...

Wouldn't a simple "did I follow my plan? check yes or no" accomplish the same thing?

How is that going to help?

I believe that to be true. I went from day trading to swing trading, get pretty close to the same returns and spend way less time in front of a monitor. My system is long only stocks with me sitting in cash when the market turns.

I believe you said "With a few, simple rules that is impossible to do." This is true but the operation of the systems has become much simpler. that's not true with a discretionary trading system. I'm well aware of how a small change in returns can impact your bottom line over time. Increasing...