Quote from eeleusnosaj:
Balda
What made you think that I subsribed to T-REX's newsletter? I didn't, for precicely the reason you stated: I have a 100% profitable system already, but was reading this journal to get some insight to how other members responded to them.
Also, I read T-REX's journal in one sitting, not since september as you suggested, and i've already stated what i've learned from his post (use the back button).
I don't even trade futures, but my curiosity and never ending quest for knowledge keeps me reading everything I can get my hands on.
I suggest that you read my posts twice before responding.
another QUOTE"
I should have realized around page 70 that a list of consistent, daily results would not be produced, but I did learn something very valuable:
Don't share your winning systems on public forums.
To brag, I have a system that is 85-100% correct for ALL stocks under $5 with a beta volatitlity over 3 tested over the lifetime of the equity.
I was heavily considering starting a trading journal, much like this one, except I would reveil the methodology since the number of people using the system would not affect the results. "
another QUOTE:"
Same problem here.
I have a system that is 100% correct for 30% of the NASDAQ listed stocks under $5 with beta volitility over 3 for the past 5 years.
Also, the other 70% that aren't 100% correct are at minimum 80% correct, which is still very viable.
All stocks under this catagory had positive returns over the past 4 years.
I have next to nothing in capital right now (<$4000) currently in swing trades, and my strategy requires atleast $25000 due to the Pattern Day Trading Rules, preferablly $40000 in case of short term drawdowns.
I programed my strategy in Wealth Labs Developer, using the demo version which expires in about a week. I do not have appropriate capital to pay the $600 licence fee for the software.
I have two friends with ample amounts of capital and are open minded to new investment opportunities. I've sat down with both of them and went through the backtested results. They both are very impressed.
Now, my situation is here: They are both willing to invest $40000 each. Also, i would have to give up Proprietorship over my stratagy as they would requrie to know the full inner details of my system.
As a business person, the answer would be to go for it in a joint venture, as time is money, and if i were to do it myself, it would eat up atleast 2 years while working.
But, i can't help thinking whether i would be left in the dust once my system is in the open. What's to stop them from setting up their own account and trading the system without joint sharing of the profits?
Contracts could get ugly.
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hi eeleusnosaj,
I read all Your other postings,
some contradiction in your comments.
my 2c , take the $40000 and trade your system, and let them trade the system if they want with additional money. sure, only , if your posting is right:"
I was heavily considering starting a trading journal, much like this one, except I would reveil the methodology since the number of people using the system would not affect the results. "
and why not open a journal? as you can see , T-REX is handling the heat very well.
best of luck for you both