| StockFetcher Forums · General Discussion · Challenge | << 1 ... 15 16 17 18 19 ... 28 >>Post Follow-up |
| msummer2007 129 posts msg #53991 - Ignore msummer2007 |
8/12/2007 5:01:31 AM Market chaos is a good thing, it's natures way of eliminating the weak links. I bet we don't see these so called guru's wagging their tongues so much after this all plays out. Everyone has their anecdote, and these youtube pundits are no different. What a bargain $199 a month, for a system that most Stockfetcher participants have already created and performs better. Having been on Niko's board for a few days, I can say that the participants in the forum were very skilled at what they do. 13th you are lightening in a bottle, excellent trades. Karen you have a knack of finding stocks on the decline, I know you cleaned up this past week. Swarmi your system is legendary. I say we give it another try the forum. This past week was exhausting for most traders, and that is the reason for a poor showing in the forum. Most traders were monitoring their trades very closely, not allowing a loss or profit to slip away. Lets not let a good thing slip away. Bob |
| karennma 8,057 posts msg #53992 - Ignore karennma |
8/12/2007 9:00:22 AM summer: yes, niko's forum was fun. after niko shut down his chat, I went to muddy's, but I must say, I enjoyed our small group. Plus, it was a "part-time" group. Muddy's chat is opened all day. One thing I noticed .. EVERYONE is doing something different. Eventho' we post our picks, everyone seems to be doing their own thing .. "scalping", I guess. I generally don't trade someone else's picks because my own plays are already set in the morning or the day before. Nevertheless, it was amazing to see all the stocks posted that never hit my radar. Oh my ...! So many stocks, so little time ... and too few computer monitors! What a dilemma! LOL! |
| nikoschopen 2,824 posts msg #53997 - Ignore nikoschopen |
8/12/2007 1:18:08 PM Karen, the chat room was never "shut down". It's still there. So make use of it should you wish. I'll be there from time to time to check if you don't burn the house down (stock market, that is). ;) |
| nikoschopen 2,824 posts msg #54002 - Ignore nikoschopen |
8/12/2007 3:28:59 PM In the pantheon of the lunatic YouTube pundits, here's an Average Joe whose views I find refreshing. Not exactly the type from the Freakfest camp, but very enjoyable to watch and, at times, educational―particularly in this segment about "scale trading". |
| nikoschopen 2,824 posts msg #54004 - Ignore nikoschopen |
8/12/2007 3:44:23 PM msummer2007 and others, Note that, as a disclaimer, I'm not advocating for anyone to join the so-called "club" of these YouTube pundits. Elsewhere in this forum, there's a thread dedicated to cracking the code from the newsletters one receives in the email. Basically, the idea is to nail the stock that is not so glaring obvious in the newsletter. The same idea applies to these YouTubers. The free information they disseminate is sane enough IMHO to take into consideration in this volatile time. |
| karennma 8,057 posts msg #54031 - Ignore karennma |
8/13/2007 2:12:54 PM Niko: Since you're a "U-tube" expert ... CNBC just interviewed Muriel Siebert and some guy w/ gray hair regarding market volatility. If you can post the video, I'm sure others would benefit from seeing it. The interview was very good (around 2:00pm today) thanks. k. |
| nikoschopen 2,824 posts msg #54035 - Ignore nikoschopen modified |
8/13/2007 4:53:14 PM |
| rtucker 318 posts msg #54040 - Ignore rtucker modified |
8/13/2007 8:21:38 PM The Holygrail. ( for an instant in time) Every dog has its day. |
| msummer2007 129 posts msg #54051 - Ignore msummer2007 |
8/14/2007 3:21:35 AM Rtucker, I couldn't resist backtesting that filter. The results weren't to pretty. Goes to show you the need to look at the big picture. In fairness I did test it over a very difficult period in time, but this only accentuates the need to have more due diligence than just a filter system. Approach Information Approach Name: rsi(2) < 1 close > 10 avg vol(90) > 500000 offset ... Test started on 06/29/2007 ended on 08/13/2007, covering 30 days Filter used: rsi(2) < 1 close > 10 avg vol(90) > 500000 offset 2 Trade Statistics There were 415 total stocks entered. Of those, 257 or 61.93% were complete and 158 or 38.07% were open. Of the 257 completed trades, 79 trades or 30.74%resulted in a net gain. Your average net change for completed trades was: -3.86%. The average draw down of your approach was: -10.36%. The average max profit of your approach was: 5.84% The Reward/Risk ratio for this approach is: 0.45 Annualized Return on Investment (ROI): -158.83%, the ROI of ^SPX was: -28.86%. Exit Statistics Stop Loss was triggered 173 times or 67.32% of the time. Stop Profit was triggered 76 times or 29.57% of the time. Trailing Stop Loss was triggered 0 times or 0.00% of the time. You held for the maximum period of time (25 days) 8 times or 3.11% of the time. An exit trigger was executed 0 times or 0.00% of the time. |
| nikoschopen 2,824 posts msg #54053 - Ignore nikoschopen |
8/14/2007 10:56:47 AM Can you hell believe it? I just saw 1400 contracts flying by on the September S&P Emini T&S taking out the bid in one sitting! |
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