I need a good story....

Mecro · Dec 30, 2003

Quote from windward:

I'm sure this is an obvious amatuer question...but....

why would anyone sell a system if it made money? Why would you bother soliciting a $150 a month system rather than just trading it yourself?

You answered your own question

gnome · Dec 30, 2003

Quote from windward:

solve the fact I have a daughter and a wife and I'm set

Got any dogs you need to cast off? I take 'em in.

DK_ · Dec 30, 2003

Quote from windward:

I'm sure this is an obvious amateur question...but....

why would anyone sell a system if it made money? Why would you bother soliciting a $150 a month system rather than just trading it yourself?

Good questions,

I have done thorough backtesting and found the optimum combination of parameters in terms of a combination of
1 - minimum-indicator-score required to enter position
2 - optimum portfolio slices
3 - optimum profit target
4 - optimum stop loss
5 - optimum indicator-based exit timing

The program doesn't include this information (which I keep for myself), however with a little observation (30 days is more than enough) you will see how to trade the indicator profitably.

Giving away the optimum settings means giving away precise portfolio management signals which would cause slippage. A little ambiguity keeps the system from being overtraded and leaves room for your favorite complimentary analysis.

Turok · Dec 30, 2003

>Giving away the optimum settings means
>giving away precise portfolio management
>signals which would cause slippage.

I finally understand why my systems always have slippage - If I would just stop optimizing, the slippage would go away. DOH!!! Why didn't I think of that.

>A little ambiguity keeps the system from being
>overtraded...

Of course, perfect sense...can't overtrade an ambiguous system after all.

Where have you been all my life?

JB

Walther · Dec 30, 2003

Quote from DK_:

Before you throw trading out the window at least try the 30 free trial of my brand-new 2-years-in-development swing trade program. As dumb as it sounds, you'd have to go out of your way to lose money with it.

How much money do you make per week using your program ? Or better yet, how much money did you make since you have started ?
Walter

formikatrading · Dec 30, 2003

How about adapting to different market conditions? The best traders adapt to changing market conditions and keep developing new ways to trade.

Quote from windward:

Anyone know of someone leaving the industry and doing something creative and productive. I'm so sick of throwing darts at random bets (house never loses). I produced a 7 figure income trading at a large prop firm (98,99,2000) and now cant buy a fraction. The industry has arbed every inefficiency through attrition or regulation. I'm afraid the time has come. I am so unhappy with not only my performance, but with the future of making short-term trades over the span of a career. Please someone tell me a story of a trader who packed up and left (and is happy with what they are doing for a career)......

Kicking · Dec 30, 2003

Start an advisory service. Very easy. Can't you see the interest already generated by DK and his stalker website? You've made millions so you can tell people that at least. You probably can gross a couple K per months and still trade on the side. And there is so much junk out there that anything you say pretty much will do (buy breakouts, sell breakdownsetc).

Actually I am thinking about doing it myself , being undercapitalized and having no other occupation. However if I ever do it I will only take a few subscribers

formikatrading · Dec 30, 2003

Stop feeling sorry for yourself, stop making excuses and get rid of your bad attitude. There is plenty of money to be made in the markets.

Happy New Year!

lindq · Dec 30, 2003

Quote from DK_:

Good questions,

I have done thorough backtesting and found the optimum combination of parameters in terms of a combination of
1 - minimum-indicator-score required to enter position
2 - optimum portfolio slices
3 - optimum profit target
4 - optimum stop loss
5 - optimum indicator-based exit timing

The program doesn't include this information (which I keep for myself), however with a little observation (30 days is more than enough) you will see how to trade the indicator profitably.

Giving away the optimum settings means giving away precise portfolio management signals which would cause slippage. A little ambiguity keeps the system from being overtraded and leaves room for your favorite complimentary analysis.

Didn't ask about the settings. Asked about the results, either in backtesting or actual trading.

What are your results?

DK_ · Dec 30, 2003

Quote from lindq:

Didn't ask about the settings. Asked about the results, either in backtesting or actual trading.

What are your results?

I was replying a question posted by windward, the creator of this thread.

In response to your and Walther's questions.. I'm sorry to have mislead you, but I do not offer a stock picking service and thus provide no backtest or actual history results. My service is access to a proprietary indicator and the output of a daily scan using it. Stock picks require definition of a clear entry/exit system which I do not provide.

Thanks for your time and interest nevertheless