I have seen several reactions on the 'Short Swing Trading' service. Of course 2,5% a day on a consistent basis only exists in my dreams. I am more than happy with 2,5% per month. Since the 'Short Swing Trading' service seems to be the 'Holy Grail' -) -) -), I assume that they have a registration with Hulbert in the States. Do they ? If so what is Hulbert telling us about performance and quality of the 'Swing Trading' service ? Or is 'Short Swing Trading' just a quick and d... USD 96 course to make people rich ? If so why is not every financial institution in the world using this application ?
Regards, Ton. ----- Original Message ----- From: MarkK To: [email protected] Sent: Sunday, May 27, 2007 12:09 AM Subject: RE: [amibroker] Re: Ideas for Swing Trading? Dennis, 2.5% a day on 100k is 2500 a day, Yes I can live on that nicely too You sure he doe this consistently? I for one would pay him to manage my funds Mark On 5/26/07, Dennis Brown <[EMAIL PROTECTED]> wrote: I know of more than one 1% per day method, but of course it will not work to compound. That is not the way a true trader does it. I know a trader who averages 2.5% per day on about 5 trades per day on one ETF, and holds no position overnight. He pulls his profits out and lives on them or puts them to work in longer term investments. High rates of return only work for small investments and usually require a lot of personal attention and pattern recognition during the day. If it worked for large sums, or easy computer algorithms, the big boys (or hoards) would work that angle to death and the edge would get neutralized. Once you try to increase position sizes above a certain amount, you start to influence the market and you have no one to play against --it takes two to have a market. That is why large mutual funds must look to a fundamental value model. They can not trade the technicals quick enough without kill Dennis On May 26, 2007, at 4:02 PM, Howard B wrote: One percent a day. Yeah, right. Compound one percent a day for five years and a $1,000 trading account becomes $278,000,000. Start with real money and own Manhattan. (1.01) ^ 1260 = 278,567 Howard On 5/26/07, dralexchambers <[EMAIL PROTECTED]> wrote: T-ohrt - the thing you are missing is not your technical ability, but your BELIEF and your ATTITUDE to new things. You seem to mistrust my recommendation when in fact you nothing of me, my level of trading knowledge, this system or my involvement with it (my involvement is none other than my affiliate link - just to make that entirely clear). If you believe that 1% a month is all that is possible, that will be your reality, and you will discount ideas that make more as trickery. If you want trade lists, further explanations on the system I recommended - discuss it with David, the author. It is not my job to divulge a system that someone else owns. However, I will say that David's system is very credible and also very simple. I have recieved a lot of support from David and his system opened my eyes to swing trading. I also know of an individual who makes 1% A DAY - and publishes all his methods and indicators for free, online. Look for The Rumpled One at: www.kreslik.com. I am currently porting his work over to Amibroker on that site. And yes, once again - it is all FREE, and you definately won't find it in your "Beyond Technical Analysis" book. AC
