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Or how about you type in QCOM and you get a list of the 10 highest correlating stocks to QCOM in the last 50 days?

macgibby, without you disclosing further details of your 'system', it's hard to know what's really going on. Maybe if you scale down a bit so that you can use less capital? The $17K drawdown says...be careful. The fact it's a daytrading system is positive but I'd need to see more evidence. What...

And you're still long, right?

Sounds like a no-lose proposition for him! You win, he wins, you lose, he breaks even! I like that business model. I wish trading were like that!

Hmmm...you know, that's not my style to trade that many shares of a stock, so...I honestly don't know. Another question though...can you have the system pick out just 1 stock per day and test it that way? Unless you're at a prop shop with the ability to use a lot of leverage, I don't see...

Well, I'm guessing you're using 5 min data and waiting till the end of the day to exit winners? How many shares does the system trade on each trade? Also, it looks like the drawdown of $17K may still be in effect since it says that it ocurred on 10-06-05?

http://finance.yahoo.com/q/is?s=swkj.ob :D

I don't think you understand things here. Your ''system'' had a hypothetical $17K drawdown. You NEED to have $100K to be able to withstand a very similar drawdown if not one 2-3 times as large since your testing is of very limited duration. I didn't say *trade* the $100K, I said HAVE $100K in...

Okay, without disclosing ALL details of this system of yours, how or what did you use to get to these 10 stocks? For example are they culled from some IBD list? Do you use a stock screener at the end of the day for tomorrow's list? Or are they a completely fresh screen performed each morning...

On their website, they show the Petronas towers. Maybe they built that too? There's also a picture of a bridge. Maybe you want to buy it too?! LOTS of PR...LOTS of PR...LOTS of PR...LOTS of PR...LOTS of PR...LOTS of PR...LOTS of PR...LOTS of PR...LOTS of PR...LOTS of PR...LOTS of PR...LOTS of...

How many stocks does this system trade and more importantly, *how* were these stocks selected to be traded?

I think for someone to give an honest opinion, you have to provide more details. Like what is the system trading...futures, stocks? Show an equity chart. How much optimization did you do, how many parameters are there? Etc. Otherwise, there's just a lot of guessing/opinions. I see a drawdown...

That's what these vendors enticing all these dumb newbies ought to use in their advertisements. Instead, they show false smiles, pictures of sailing, idiots with their laptops and winning grins, piles of cash. I'm surprised these hucksters are actually allowed to get away with that kind of garbage.

What's weird is all these newbies entering trading in the context of what is really a shitty, dead market where most professionals are struggling. What do these newbies expect, a big warm welcome? The only thing welcome will be the contribution of their cash to the pockets of the many sharks out...

Why don't you study some books first? Or do you want somebody to just drop some cash in your acct?

I think it's the big guys doing a weekend practice run for how things will go Monday morning! :D

Anything you can do about the rip-off stamp duty? :p

That's why I don't trade any of the crappy public indexes. No edge in that garbage.

Ask yourself 1 question. If they're that good, or ANY good for that matter, why wouldn't they trade their signals for themselves instead of hustling dumb newbies out of $6K!

:D