I rarely enter the EliteTrader.com website anymore. Seems it is just a place for people to vent their frustrations.
However, in the spirit of collaborating dialogue. . .here is an ETF system that I am about to unleash on the public at Collective2.com.
It was said about 2 years ago that if my trading experience was at all worthwhile, I would have to prove it under an independent auditing eye.
My covered call systems I developed 10 years ago is based on the underlying edge that I can navigate amongst the varying up and down trend winds.
Furthermore, I can do this over many year periods. I like the ETF and futures instruments and they are now my diversified *weapons* of choice.
I spend about an hour a day and get the following desired result. FYI - the C2 website has seen 7000+ systems in the last 5 years and less than 5 have an compounded annual return > 50%.
This >9 month system has traded a total of 5 market shifts and I do not have to tell you how many times your account grows in every 5 year period versus the random short-term "successes" you see proliferate the trading community and this and the C2 website.
Long-term systems do not even compare with the occasional 100% one year return, since the trading risks are not entirely worked out of these that make it nearly impossible to re-invest your gains and even take advantage of compounding.
Turns out the difference between trading with linear gains over exponential is on the order of 10X versus 50X. I am entirely OK not to have been engaging enough at ET to discuss the merits, since this rate can be confidently traded by me for me.
