Any profitable traders want to make an extra 20% on top of your monthly gains?

[SammySOESa]

Quote from rjv27:

I am assuming that the blackbox will immediately send a order out when I hit the key. If that is the case a market order for 6,000 shs will go out at once and the stock (if thin enough) will most likely spread up and I would get a worse price than if I went market 3000 shs. And what about if I am long 3,000 - 4,000 shs and I am WRONG, not only do I have to work some magic to get out of my shs, but now I have to worry about some blackbox slamming the market as well. I don't trade thin stocks but to drop 8k on the market when I'm wrong would not be a good thing.

Also I think that a computer could figure out your strategy if it wanted to, it would not be a big deal for them to do.

But if I had a Q's or SPY strategy, trading really think stocks, or had a longer holding period. I might be interested.

oh no it never front runs. two 3,000 share orders would go in with yours always being first. your trade is what initiates that second trade to begin with.

i'm not a partner, but with all of the questions i've been getting, i did recommend that they implement hidden mimic orders on the limit buys/sells if the trader chooses. if i'm in a position, and i wanna get out @ limit asap, i wouldn't want 2X my order sitting on the inside sell. it may scare away potential buyers, and drive down the price. i visible bid/offer will always take precedence over a hidden, so the trader would have nothing to worry about.

i was just using those numbers as a quick example of how it works. we could be wrong and have a trade move against us without the box. if we did slam out @ market, the box will do the same, but after you.

 

[SammySOESa]

Quote from Pekelo:

2 advices for your friends:

1. They could go to collective2.com and pick a few good systems with verified trackrecords. Their extremely efficient blackbox is NOT needed at all, because the website is set up in a way, that signals can be transfered to your broker and executed immediatelly. See, there is no need to invent things already invented. They would pay probably much less than the promised 20%...

2. They could play a few ETers' trades posted in realtime usually in the Journal section. Wait a minute! It is free, so no 20% offer needed.

See? I just saved 15-20% for your friends. I want a postcard for Christmas!!!!

hey, Pekelo..

thanks for sharing that site. i've never come across it before. i don't know if i'ma pass it along, tho. i'll probably take it to the money guy myself.

 

[lindq]

Quote from Pekelo:

2 advices for your friends:

1. They could go to collective2.com and pick a few good systems with verified trackrecords.

In my experience - I earlier supplied a system - Collective2 is just a curiosity and an interesting source of info for what others are doing. But for trading it is not generally reliable or ready for primetime .

 

[Pekelo]

True, that most of the systems there are not worthy to try, but I could probably find 5 good ones and subscribe to them. But a $100-300 monthly fee is much less than their proposed 20%. After all, just how many systems/traders do they want to copy? Really, they only need one with a liquid trading vehicle, like ES, or QQQQ....

The point here really was that there was no need for their blackbox, because collective2 using the autotrader works just like one...

Before you invent something, always check the patent office...

 

[SammySOESa]

after checking out that site in further detail, i'd have to agree with lindq. the returns on the stock systems didn't seem that impressive. 100% automation can't factor out negative company specific news, Bernake, stock manipulation, etc. i also see alotta negative reviews from subscribers. they say the return doesn't factor in slippage from possibly 100 different traders getting the same signal and making the same trade on the same stock.

i think my guys are doing it the right way. mimic'ing one guy's successful trade rather that buying mass marketing signals to me is a more efficient way to go.

 

[tireg]

Quote from SammySOESa:

a couple of well-financed guys i'm associated with have created an extremely efficient blackbox prog that will mimic your trades. their trades will always shadow yours, so you won't have to worry about front-running or losing an opportunity. also, no, they won't steal your strategy. they don't have to. i trade in the same room with them, and they don't even sit at the computer that's making the trades. by the end of the day, they just made thousands of dollars for doing nothing.

no investment on your part, obviously. all you need is a proven, profitable intraday track record, and a desire to make a free 20% bonus on top of it for doing what you normally do. if they make $1,000 a day mirroring your trades, you'll get a $4,000+ check at the end of the month.

again, they're NOT stealing strategies. i know that may be hard to believe, so if you're not interested for that reason, it's fine. if you are interested, PM me and i'll have one of them call you and explain in further detail.

I'll participate if your guys are also willing to attend my week-long $200,000 an hour seminar on trading. Think of it as an 'investment'