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Future names
- Thread starter alesanti
- Start date
Quote from alesanti:
Tums, as I posted before, the system did today 32.97 points on the nasdaq index, at $20/point is 659 dollars per traded contract. On the nasdaq 100 index is 22.86 points, or 457 dollares per contract. I think that the difference is huge. Besides, in the past 4 months (this is the track record I have) the behavior of the prediction system on the NASDAQ was very steady, whereas the same system on the NASDAQ100 was choppy, with big drawdowns.
Take a look at the pictures of the gains:
http://200.110.130.2/cgi-bin/tradingpro/trades-hist.cgi?index=nasdaq
and compare with this chart:
http://200.110.130.2/cgi-bin/tradingpro/trades-hist.cgi?index=nasdaq100
Maybe they have some problem with the trading system on the N100.
Anyway I am thinking in what Nasdaq5048 said, that the Nasdaq pays more in points because it is a larger index. So in percentage should be the same. But what I should compare is the NQ values analyzed for the trades generated for both indexes. Unfortunately I don't have the historical data of the indexes to compare.
Any idea where that data can be obtained to perform a backtesting?
have you ever wonder why -- ER2 gives better oscillations, but the majority of the people still prefer to trade ES ?
Don't ya love these newbies who think that money grows on trees and are impatient to pick up the money from the ground? <wink>
In all seriousness though:
ale, I suggest you borrow as much money as you can and buy / sell as many contracts as your margin will allow. You know tomorrow there will be someone else who discovers "your system" and then you'll have to split your profits with him.
And then the week after there will be a few more who discover the system and they will want their share too.
So you better go for it and don't wait too long, it is now that you can make the big bucks!
Have you investigated the full size contract in the Nasdaq? means less commission. Or the S&P 500 full size contract? The spread is less (0.1 tick) and it goes with 250 / point so it really deposits the money in your account.
On another note: have you already ordered your Raytheon Hawker 800XP, I can recommend that one, had a Cessna Citation V Ultra before but I like the fact that you can stand up in this one. There is quite a waiting list so I suggest you order one now. And do not bother with second hand, it is just not worth the hassle. (Soros, Gates, Buffet do not travel aouond in second hand stuff either)
Sherlock Holmes
In all seriousness though:
ale, I suggest you borrow as much money as you can and buy / sell as many contracts as your margin will allow. You know tomorrow there will be someone else who discovers "your system" and then you'll have to split your profits with him.
And then the week after there will be a few more who discover the system and they will want their share too.
So you better go for it and don't wait too long, it is now that you can make the big bucks!
Have you investigated the full size contract in the Nasdaq? means less commission. Or the S&P 500 full size contract? The spread is less (0.1 tick) and it goes with 250 / point so it really deposits the money in your account.
On another note: have you already ordered your Raytheon Hawker 800XP, I can recommend that one, had a Cessna Citation V Ultra before but I like the fact that you can stand up in this one. There is quite a waiting list so I suggest you order one now. And do not bother with second hand, it is just not worth the hassle. (Soros, Gates, Buffet do not travel aouond in second hand stuff either)
Sherlock Holmes
Quote from Tums:
have you ever wonder why -- ER2 gives better oscillations, but the majority of the people still prefer to trade ES ?
I think you are wrong here mate, he should trade at least 500 contracts with market orders. Suggest he does not use limit orders because more often than not the market will then run away on him and he will miss the move.
Market orders rule! Only wimps and 1 lot traders use limit orders. And he ain't going to be a 1 lot trader is he?
Tums: we need to help him, really...
ale: you do not want to trade 1 contract do you? It does not add up much to more than pocket change... Suggest you trade a minimum of 50 contracts.
Sherlock Holmes