Quote from Lightningsmurf:
Regarding criticisms that the systems don't work - you are only partly right. It sounds like you lost money and are bitter... I think you have to pick and choose your target stocks carefully. I suggest screening by volatility. For example, across a wide range of stocks the acme R strategy returned positive, but unimpressive results. But when I limited the tests to high volatility stocks the results were very favorable.
i never trade by mr conway book(so i did not lost a dime on it)
all systems in his book return positive,but umimpressive results. there is no single system with average PL > 2%. from my own expirience everything below 3% is useless. after comm and slippage you will be lucky to get flat. i have literally hundreds of such systems. that why i so ironic about his book. because i have enough for 10 books like this one.
--------------But when I limited the tests to high volatility stocks the results were very favorable.------------i happy to hear that, but HOW MANY TRADES PER YEAR did you get after such filtering?
and will you be able to trade all stocks(based on your size to av. volume,ability to short and so on)?
and last question-did you make ANY money by following exactly any of his systems signals?
Thank you!