Intrepid_Timer
Well-known member
Perhaps you could start a system bashing thread or something. I'm busy trying to make some of us money..................................
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I'm still trying to remember exactly what happened to cause Milk_Man to morph to Intrepid_Trader...
One of the biggest problems for those following a system is that they give up after a bad period, and jump back in after a good run. This guarantees an underperfomance. I am guilty of this myself.
You are right that some services did worse after they went to a subscription, but that was at the top of the bull market.
But if you would have picked one service and stuck with it, you would have done pretty well compared the S&P 500 or the other stock funds...
Here are the returns of the systems that we've tracked since 2007, which included the 2007-2008 bear market...
Please clarify that I come up only 6.79% or average return is 1.7% per year regarding to Sentiment as follow:
2007 = 21.32%
2008 = -38.32%
2009 = 6.62%
2010* = 33.85%
After reading your strategy it gave me insight as to how to plan a system. I want to try and build one for myself by end of next year, need more experience. I posted below because I remember "copper" being one of the indicators and look at the market futures today...up up and away.
http://www.marketwatch.com/story/copper-hits-a-record-high-trades-at-429-a-pound-2010-12-21-917280
IT - you have my email addy...now do I need to also sign up somewhere for the trial?
please clarify!
After reading your strategy it gave me insight as to how to plan a system. I want to try and build one for myself by end of next year, need more experience. I posted below because I remember "copper" being one of the indicators and look at the market futures today...up up and away.
http://www.marketwatch.com/story/copper-hits-a-record-high-trades-at-429-a-pound-2010-12-21-917280
Please clarify that I come up only 6.79% or average return is 1.7% per year regarding to Sentiment as follow:
2007 = 21.32%
2008 = -38.32%
2009 = 6.62%
2010* = 33.85%
2007 = Examaple with $100,000.00 = $121,320.00
2008 = $121,320.00 => $74,830.18
2009 = $74,830.18 => $79,783.93
2010* = $79,783.93 => $106,790.80
For I_T the # available from 2008 to present is 29.18% or average return is 9.75% per year or less than 1% (.8125%) return per month.
2008 = -17.03%
2009 = 20.94%
2010* = 28.74%
2008 = Examaple with $100,000.00 => $82,970.00
2009 = $82,970.00 => $100,343.92
2010*= $100,343.92 => $79,783.93
2010* = $79,783.93 => $129,182.76
My guess is the 60+% return for the Sentiment is not the actual, but the backtested results using the relatively new bull/bear modes. Note the asterisk.
As far as systems go, like Tom says, if you're going to follow one, you have to do it blindly and consistently. For 20 bucks a month, that's pretty darn cheap as far as systems go. Try checking the web for comparables... some subscriptions are astronomically priced. If you're not satisfied, follow the free sentiment system. You can't go wrong either way.
Best wishes Mike. Let's make some money.
It's also looking like my system will move to a sell signal on Thursday.
Opinions?
It's also looking like my system will move to a sell signal on Thursday.
Opinions?