One thing that last year has caused me to focus on is developing
longer term mechanical systems for the market. I have my long
term 401K system, which I also call the
'watching paint dry
system' because it only gives about 1 trade a year and is boring as
hell to traders, however still it's returned about 10 fold higher
than just buying and holding the market (140 times your money from
1961 instead of 17 times your money for buy and hold) , the stats
go back to 1961 on this system, it has caught every major bull
market and bear market and kept you in the bull markets or out of
the bear markets. But again, it's like watching paint dry lol.
Also as you have seen, we are developing intermediate mechanical
systems that do about 10 - 15 trades a year, these will catch
market trends and are true end of days systems i.e the signals come
near the market close and therefore trades are entered at the
market close only and held for days to weeks.
and of course we will continue to focus more on the watchlist
and short term trade ideas and cover less market analysis.
Will you be offering this system along with the intermediate
systems when you introduce those? I don't mind watching paint dry
while CNBC dickers away with excuses for why the market went up or
down each day; as long as I know I'm usually on the right side of
that.
One thing that last year
regarding the market
Posted by matt on 16th of Mar 2010 at 02:51 pm
One thing that last year has caused me to focus on is developing longer term mechanical systems for the market. I have my long term 401K system, which I also call the 'watching paint dry system ' because it only gives about 1 trade a year and is boring as hell to traders, however still it's returned about 10 fold higher than just buying and holding the market (140 times your money from 1961 instead of 17 times your money for buy and hold) , the stats go back to 1961 on this system, it has caught every major bull market and bear market and kept you in the bull markets or out of the bear markets. But again, it's like watching paint dry lol.
Also as you have seen, we are developing intermediate mechanical systems that do about 10 - 15 trades a year, these will catch market trends and are true end of days systems i.e the signals come near the market close and therefore trades are entered at the market close only and held for days to weeks.
and of course we will continue to focus more on the watchlist and short term trade ideas and cover less market analysis.
Will you be offering this
Posted by oreo on 17th of Mar 2010 at 08:36 am
Will you be offering this system along with the intermediate systems when you introduce those? I don't mind watching paint dry while CNBC dickers away with excuses for why the market went up or down each day; as long as I know I'm usually on the right side of that.
That's OK Matt, some of
Posted by brophy on 16th of Mar 2010 at 02:59 pm
That's OK Matt, some of us actually ARE long term investor/traders!