I have never seen a better trader than

Quote from rolegario:

Mr Market --

After having read through your stock picking model, one question sticks out. You clearly state in your model to "Buy this stock. In a typical bull market, the stock will, on average, achieve a 15% gain within 4 to 6 weeks. Sell the stock and repeat the process." And yet, in your "open positions" table you list six stocks (PTSI, ACMR, FRED, AXL, OHB, and CHKE) that have an average loss of 15.8% and that you've held for over a year.

By holding those positions for so long you're going against your model, tying up capital, and potentially compounding unrealized losses. Can you please reconcile this? Wouldn't it have been better to dump these stocks after 6 weeks and free up your capital to put it into more productive positions?

If you add your current holdings that are older than 6 weeks to your closed trades (since the start of 2002), you have 27 trades for an average gain of 8.35%. Still impressive, but roughly half the return of what you're claiming.
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As an update:

* I sold ACMR for a 16% gain on July 14, 2003 (a 13% annualized gain).
* I sold FRED for a 15% gain on August 1, 2003 (a 12% annualized gain).
* I still hold AXL and am up 9% on it.
* I sold OHB for a 21% gain on June 17, 2003 (a 20% annualized return).
* I still hold CHKE and am up 3% on it.
* I still hold PTSI and am down 25% on it.

So what was wrong with holding all of these stocks? I made money on 5 of the 6 positions.
 
Quote from mrmarket:




As an update:

* I sold ACMR for a 16% gain on July 14, 2003 (a 13% annualized gain).
* I sold FRED for a 15% gain on August 1, 2003 (a 12% annualized gain).
* I still hold AXL and am up 9% on it.
* I sold OHB for a 21% gain on June 17, 2003 (a 20% annualized return).
* I still hold CHKE and am up 3% on it.
* I still hold PTSI and am down 25% on it.

So what was wrong with holding all of these stocks? I made money on 5 of the 6 positions.
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Update:

* I still hold AXL and am up 14.5% on it. It is up 100% over its 52 week low. Cutting my losses on AXL would have been an enormous blunder.

* I still hold CHKE and am up 2% on it.
* I still hold PTSI and am down 21% on it.
 
Yeah, and on PTSI you put 50% of your portfolio in it, negating all your wins and hoping it comes back to even.

AHAHAHAHA! ROFLMAO!


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As an update:

* I sold ACMR for a 16% gain on July 14, 2003 (a 13% annualized gain).
* I sold FRED for a 15% gain on August 1, 2003 (a 12% annualized gain).
* I still hold AXL and am up 9% on it.
* I sold OHB for a 21% gain on June 17, 2003 (a 20% annualized return).
* I still hold CHKE and am up 3% on it.
* I still hold PTSI and am down 25% on it.

So what was wrong with holding all of these stocks? I made money on 5 of the 6 positions.
 
Congratulation I have less than 300 members I must remember to wake them up one day by sending them a message but I'm too busy with my new dev - if yahoo didn't block one of my newsgroup since I changed my provider I would have done the effort :p


Sorry Mr Market if I'm not on your list but maybe if I get interested in stock one day :)

Quote from mrmarket:

myself. I am the best stock picker on the planet. I now have 17 consecutive profitable trades of 15% or better. My group is now up to 435 members. Investors from all over the world are flocking to my site:

http://groups.yahoo.com/group/mrmarketishuge/

Pay homage to $$$MR. MARKET$$$ for he rules the markets.
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Quote from AAAintheBeltway:

Is MrMarket the best trader on ET? Or is it Larry Swing? Such a question belongs in the trading forum, not chit chat with its tiresome political arguments.
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Now THAT is funny.

ROFLAO!!!!!!!!!!!!

Nice AAA

JB
 
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