thats a fair question and i have no idea. But you must remember.
His systems are swing trading systems which from memory have a
trade lasting 1-7days. Something like that. These end of the world
or catastrophe or mini crash or major correction calls are several
weeks or 2-3month calls. The 2 are different
Think Michael sums up his systems well. They are not correlated
or related to his personal opinion.
vimal -- Peter has systems running on daily/weekly time frames,
down to minute time frames. So its all very hedged.
While a longer term system could be short and having a drawdown,
shorter term systems can be making money on the long side, etc.
Peter in his writing is offering his general analysis, thoughts
and opinion about the markets. But he never says "go short
tomorrow" or "go long tomorrow". Because he's not trading
forecasts and opinions, even his own. Meanwhile his
systems are not forecasting anything and not thinking anything --
they are just going about the business of executing
algorithms. If what peter forecasts actually occurs, his
systems will have him on the right side of the trade most of the
time -- better than 90%. If his forecast is wrong, his
systems will still be on the right aside of the trade most of the
time, even though his forecast will be wrong. If he never
wrote anything contrary to what the systems are doing he would
never be able to write a forecast or opinion, but could only say
where his systems are right at the moment. And also, some
will be long, some will be short at the same time depending on
time-frame.
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thanks vimal, then my question is why does he write stuff that seems contrary to what his systems are doing
peter campbell says get out. we will see if he is right
Posted by rikkwan on 25th of Mar 2011 at 05:07 pm
is this a personal crusade of his or what?
he probably has a timeshare
Posted by vimal on 25th of Mar 2011 at 05:22 pm
he probably has a timeshare in Libya thats just gone belly up so hes a bit cheesed off
Only joking. Sure its not a personal crusade. Just his opinion/thoughts. Overall he is a great guy.
Right, I am off for a beer or 6
thats a fair question and
Posted by vimal on 25th of Mar 2011 at 05:20 pm
thats a fair question and i have no idea. But you must remember. His systems are swing trading systems which from memory have a trade lasting 1-7days. Something like that. These end of the world or catastrophe or mini crash or major correction calls are several weeks or 2-3month calls. The 2 are different
Think Michael sums up his systems well. They are not correlated or related to his personal opinion.
vimal -- Peter has systems
Posted by Michael on 25th of Mar 2011 at 05:24 pm
vimal -- Peter has systems running on daily/weekly time frames, down to minute time frames. So its all very hedged. While a longer term system could be short and having a drawdown, shorter term systems can be making money on the long side, etc.
Peter in his writing is
Posted by Michael on 25th of Mar 2011 at 05:18 pm
Peter in his writing is offering his general analysis, thoughts and opinion about the markets. But he never says "go short tomorrow" or "go long tomorrow". Because he's not trading forecasts and opinions, even his own. Meanwhile his systems are not forecasting anything and not thinking anything -- they are just going about the business of executing algorithms. If what peter forecasts actually occurs, his systems will have him on the right side of the trade most of the time -- better than 90%. If his forecast is wrong, his systems will still be on the right aside of the trade most of the time, even though his forecast will be wrong. If he never wrote anything contrary to what the systems are doing he would never be able to write a forecast or opinion, but could only say where his systems are right at the moment. And also, some will be long, some will be short at the same time depending on time-frame.