what nazsymbol do you track??
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I have never seen a better trader than
- Thread starter mrmarket
- Start date
Well, I also graduated from a school, yet, sadly, my stock-picking prowess is nowhere near mr. market's as it takes me a painfully slow tortuous smaller amount of time to reap the kind of gains mr. market accomplishes in a year and a half. Yet, I will try to interpret his methodology.Quote from jack hershey:
difficult to get to any place where we can understand his sytem and why he believes he is doing so well
He has said, "all of my initial screens are based on quantitative momentum modeling. Which uses highly analytical and mathematical tools to assess price momentum and the stability of the momentum."
This means that mr. market can read better than he can write, and reads IBD and the Motley Fool's discussion boards, and uses their Relative Strength and momentum type screens for his initial stock selections.
"This has nothing to do with fundamentals". Aha! See? Told you.
"Once I narrow down my database of candidates"
Once he has cut and pasted the weekly screen selections, he further narrows down the list, perhaps by choosing only those equities available for trading through foliofn, or perhaps by narrowing down the selections to those tickers he can spell, because he finishes by writing:
"that's when I use the fundamental skills I honed when I was an MBA student at Wharton". So, I reason that the "fundamental skills" he had to hone could have been remedial reading and writing for all we know.
Didn't someone ask about mr. market's losing trades and why thery're not posted? Someone asked the same question some time ago on mr. market's personal site:
http://groups.yahoo.com/group/mrmarketishuge/message/2407
they wrote:
"Been a follower since the Motley Fool days, but I've been away from this board for about a year. Didn't MrMarket used to have 40+ profitable trades? Now the site says 17. What happened?"
To which mr. market responded, "Alas, I had to dump a few losers".
Honed fundamental skills show that "a few" can be translated as "23" or roughly "57%". No mention is made as to size of loss.
Quote from gms:
Honed fundamental skills show that "a few" can be translated as "23" or roughly "57%". No mention is made as to size of loss. [/B]
What kind of math is that? I had 53 consecutive profitable trades. I sold 6 losers on December 31, 2001. So I started my streak again on January 1, 2002. Now I'm up to 17 consecutive profitable trades.
No wonder you're a day trader! Fundamental math seems to have escaped you.
Thanks for looking at my site. I'm sure you enjoyed reading all the kind words my 475 members had to say about me. I think I'll go back there now. Certainly much friendlier people over there.
I am HUGE!!!
$$$MR. MARKET$$$
Since you peaked my interest, I actually did go back to check:
Since January 2001, I had 59 closed winners, 6 closed losers, 7 open winners and 7 open losers.
That makes 66 winners and 13 losers. By the way, I now have 481 members in my Yahoo Group:
http://groups.yahoo.com/group/mrmarketishuge/
That's 46 more members since I started this thread. Looks like a bunch of ET traders have figured out where to go to get some really good info.
I am HUGE!
$$$MR. MARKET$$$
Since January 2001, I had 59 closed winners, 6 closed losers, 7 open winners and 7 open losers.
That makes 66 winners and 13 losers. By the way, I now have 481 members in my Yahoo Group:
http://groups.yahoo.com/group/mrmarketishuge/
That's 46 more members since I started this thread. Looks like a bunch of ET traders have figured out where to go to get some really good info.
I am HUGE!
$$$MR. MARKET$$$
You rock, Mr Market... I'm sending ya some meats and cheeses...
Quote from mrmarket:
Since you peaked my interest, I actually did go back to check:
Since January 2001, I had 59 closed winners, 6 closed losers, 7 open winners and 7 open losers. That makes 66 winners and 13 losers. By the way, I now have 481 members in my Yahoo Group... That's 46 more members since I started this thread. Looks like a bunch of ET traders have figured out where to go to get some really good info.
You had written on your site, in response to the emails, that you didn't keep track of your losers. Now you appear to have done so. Flip flop. My math was based on the amount of missing trades your fan reported at that time, not your new revised figures you've given in your new flip flop post.
The amount of members on your site is meaningless. Firstly, there is no method to document any of them them as being ET members; you're citing them as so is baseless. You're assuming that your recent activity on ET is responsible for new memberships on your site. Your site basically is about you and offers very little else, it stands to reason that anyone more knowledgeable than you would not be signing on as a member. Anyone that would be interested by such a subject are people faring worse than you, hoping to learn something from your performance, hoping that such membership in your site leads somehow to an improvement of their trades, though I haven't seen any evidence of any such content.
Secondly, members register and they come and go, many without without deleting their accounts after they've lost interest. The 481 most probably does not reflect current "active" membership. Losing interest is easy to do on a site with little content.