You can backtest any fundamental strategy there. The data is provided. You need a subscription to test them. Do not want to make any marketing but they are the gold standard for that kind of testing you will not find any better offer.
Mark Minervini...Legit or Not?
- Thread starter proftradingjourney
- Start date
So would be tough to backtest TA strategies?
No you can do eveything here. But this is the only place where you can test in ADDITION to technical any fundamental strategy too. Which you would need when testing CANSLIM or Minervini or Buffett or any other Guru. You do not need programming skills it is easy to do and backtest it here.
I guess I delve into CANSLIM for time being since I'm still new to it, and seems like a good base at this point for me. I recently bought O'Neil and Minervini's books and I don't want them to go to waste and there's always a chance I find value in it and use the best insights for my own strategy later on. It's all in the eye of the beholder as it's said.
Does it allow you to scale in and out of positions?
Best fundamental backtester/ranker on the market..take the trial
There is so much close mindedness in this thread. Books may not get you anywhere, but everybody learns differently and May get profitradingjourney far along in the path. How do you know how he learns. maybe he learns from books because he enjoys reading books.
as far as a Minervini and the other ““ gurus”, my opinion and it’s only my opinion, he’s very legit. He could have 1 million reasons for teaching. He may get gratification from teaching others. He may want a second stream of income thinking that at some point trading opportunities may dry up as the world changes. It may be ego, he may just enjoy teaching for teachings sake . yep there’s plenty of gurus who do videos, sell courses, sell systems, sell access to their trading rooms and all that other bullshit. Most of them or at least a lot of them are failed traders trying to find another way to make a living. But some of them maybe even a lot of them are legit traders that are interested in sharing their success or their knowledge with others . I see it on FinTwit every day.
try being a critical thinker. If you have a brain and you think critically, you’ll be able to figure out which guys are real which guys aren’t, and which of the real guys are selling the key to their kingdom and which of the real guys are just trying to profit further off their success
as far as a Minervini and the other ““ gurus”, my opinion and it’s only my opinion, he’s very legit. He could have 1 million reasons for teaching. He may get gratification from teaching others. He may want a second stream of income thinking that at some point trading opportunities may dry up as the world changes. It may be ego, he may just enjoy teaching for teachings sake . yep there’s plenty of gurus who do videos, sell courses, sell systems, sell access to their trading rooms and all that other bullshit. Most of them or at least a lot of them are failed traders trying to find another way to make a living. But some of them maybe even a lot of them are legit traders that are interested in sharing their success or their knowledge with others . I see it on FinTwit every day.
try being a critical thinker. If you have a brain and you think critically, you’ll be able to figure out which guys are real which guys aren’t, and which of the real guys are selling the key to their kingdom and which of the real guys are just trying to profit further off their success
This is true lol, I learn better from books, there's something about books that really crystallizes the information for me in a way that other mediums don't
Heres my advice,and at one point I was in charge of hiring traders on the derivatives desk at 2 major Investment Banks. I know how committed people are in their quest to be great..
Read books on Momo,read books on Value investing, probability and statistics or whatever may float your boat..Just Do It..
Then go out there and check out P123,Quantshare/Amibroker and Orats to backtest the "wisdom" of the Minervinis,Oneil,Ryan and Kullamagi..
Fwiw,forget the negative reviews and do your own homework.Put the time in.If you do,you will gain knowledge and perhaps much more..
Right now,you don't have the hunger to excel..
Read books on Momo,read books on Value investing, probability and statistics or whatever may float your boat..Just Do It..
Then go out there and check out P123,Quantshare/Amibroker and Orats to backtest the "wisdom" of the Minervinis,Oneil,Ryan and Kullamagi..
Fwiw,forget the negative reviews and do your own homework.Put the time in.If you do,you will gain knowledge and perhaps much more..
Right now,you don't have the hunger to excel..