Trading systems

CityTrader

Established member
665 26
I posted this in another thread, but it's probably better here under it's own title......

Why on earth would ANYONE really sell a system that works? think about it , "system that works". Those last three words. If you had a system that worked, would you really sell it? Would you really run the risk of every nobrainer buying the system and then front running the signals, constantly undercutting each other trying to get in and out before the rest of the followers got in and out???? Would you really sell it for $100 or $1,000 or $10,000 a time? You'd sell it once, for a serious sum of money, and NEVER sell it again. Think about it guys, logically. There is no easy way to making money. Simple.
 

Finlayson

Well-known member
410 10
I can see the point of 'leasing' a system to a limited number for royalty style income as in the 'mastermind principle'.

but I struggle to see why u would want or need to make a 'good system ' available for general sale

not sure how an open knowledge of a system would affect its results over time..........never really thought about this one
 

JonnyT

Senior member
2,560 22
Hi wayno,

As regards S&P systems there are a few that have stood the test of time. They tend to be volatility breakout systems such as Cyclone and one from Larry Williams.

They do suffer bad periods for example the last three months but long term I expect they will continue to perform given the very nature of markets and humans.

Once again it's down to buying strength and selling weakness.

Have a look at www.futurestruth.com some good stuff there.

For a very sucessful S&P system (and not a volatility breakout one) have a look at www.index-trader.com

Very simply and very profitable over the past 4 years.

JonnyT
 

JonnyT

Senior member
2,560 22
Hi Paul,

All the trades are published on the web site www.index-trader.com Real life performance that matches the published results can be observed at www.striker.com

$200 a month if you are interested...

Enter at start of day, 6 point stop loss, trades around 10 times pcm.

JonnyT
 

fudgestain

Well-known member
254 9
That answer, Wayno, as you identify, is that no one would sell a system that offered the way to amass gains with confidence and consistently accrue such gains. Jacking around trying to sell it for money would be a diversion likely only to produce peanuts.

The relevant and logical development is staking your bets at higher and higher rates in line with the total of your gains added to your original capital. You are then steering a course of continually increasing your rate of gain.

Now this doesn't happen for 2 reasons: the stream of (net) gains is used to provide your income; and systems in general do not have high enough levels of probability in their operation.
 

CityTrader

Established member
665 26
Also, I'd like to think that any system that worked ( NONE OF THEM CAN) would be sold once, to Fidelity, or Goldman's, or Deutsche Bank. why on earth would you bother selling it to the man in the street.

Has anyone on this board, bought such a "guaranteed system" ? come on, now's the time to own up.
 

rglenn

Well-known member
379 4
I have bought loads of horseracing systems which wasn't worth Jack!

I find trading a whole lot easier(i.e a 3 horse race)- and seeing what I got for my money in my previous venture- I am not about to repeat the same mistakes.

What a load of money££££££££
 

JonnyT

Senior member
2,560 22
Fidelity etc, couldn't trade these systems as they are simply too big.

Rejoice that the little man does have some advantages in life.

JonnyT
 

CityTrader

Established member
665 26
Jonnyt, ok maybe not Fidelity- how about MarshallWace? or Meditor?

Come on punters, own up. It's the first step of the self-help program- admitting your mistakes!
 

Finlayson

Well-known member
410 10
not a trading system , but I did subscribe to a 'share tip ' system.

sounds cynical bit it just seemed a case of price ramping so the poor mugs(me included) were buying the shares on the monday at a ramped price.

maybe it worked over time, but I think the most valuable thing I learnt from it was not to buy tips & learn for yourself.

it did lead me to 'trading ' so for that I am grateful.

Jason
 

CityTrader

Established member
665 26
JayGe - my experience of tips, is that it's easy for some guy/tipster/punter down the pub, to put you into something, but they very rarely remember to get you out....
 

peugots

Junior member
49 0
Re: PGO system

JonnyT,



Thanks for being kind enough to post the link to your work.

Could you explain what the PGO system is please because I dont have any idea what its for, or indeed those documents on the link.



Thanks in advance.
 
 
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