| StockFetcher Forums · Filter Exchange · RSI(2) - The Little Indicator That Could | << 1 2 3 4 5 ... 26 >>Post Follow-up |
| JoeGrossinger 165 posts msg #29348 - Ignore JoeGrossinger |
10/17/2003 3:15:00 PM I ran that filter and to my astonishment lost no money! I think it's the really tight BB band that does it. Great work! ROFLMAO! |
| JoeGrossinger 165 posts msg #29349 - Ignore JoeGrossinger |
10/17/2003 3:20:47 PM Hey! I hope you don't have a copyright on that because if you do a 5 day date adjust it hits on ADOT with over 200% gain for the week!!! Do a month date adjust and it hits on one stock with over 1800% gain!!! This is the best filter bar none. It should go into the SF Hall of Fame. |
| EWZuber 1,373 posts msg #29351 - Ignore EWZuber |
10/17/2003 5:08:15 PM Paper trading is OK if you have no trading system that is statistically successful or if you're experimenting with a new system. However trading on simulators is a much more educational and realistic method of learning, IMO. If you do have a statistically successful system then the filter can be used just as a means to narrow the field so your time spent doing technical analysis of charts can be applied more efficiently. So even the best traders can and do use filters to make life easier. For instance if one is looking for a stock that is breaking trendline resistance and is starting accumulation then a good filter will sort through thousands of stocks and present the trader with a handful that meet the traders basic criteria. The job of sorting by hand is then made a much more managable task. If Avery can get his RSI(2) filter to narrow the field for him then more power to him. Is his filter 'the best'? Maybe for him it is. Ever see commercials where they all claim to be the best? They can do this legally because 'best' is subjective not absolute. The fact that Avery was able to pull SNUS out of his returns and single it out as a candidate for a good move gives tentative evidence that he has the knowlege to do this. If he can do this consistently then that would lend further creedence that his system works for him. For purposes of making money it seems whether he can do this or not should only matter to him, IMO. I guess some use filters to do the TA for them and then buy a bunch of returns that come up. Thats also fine if it works for you. I can not speak for anyone else but for me the filter is not the end it is just a part of the means. So for everyone there are different ways and means to get where they are going. |
| JoeGrossinger 165 posts msg #29352 - Ignore JoeGrossinger |
10/17/2003 5:10:44 PM Well, if you trade with simulators then testing with simulators is the way to go - no doubt about it. |
| EWZuber 1,373 posts msg #29353 - Ignore EWZuber |
10/17/2003 6:15:25 PM I don't use simulators anymore although I did for about 3 years just like I was trading the market. Getting up every morning at 5:00 AM doing trades of various time frames from daytrading to holding for several weeks. Portfolio values and trading results are calculated at the end of every day. This makes facing your long term success or lack of it inescapable. After a system was established I got an account at Etrade and took what I had learned to the market. |
| EWZuber 1,373 posts msg #29354 - Ignore EWZuber |
10/17/2003 10:29:46 PM Sims are not stand alone programs. They are a trading platform and many are complete with stop, limit, stop limit, short sell and options trading that are tied directly into 20 minute delayed or real time quotes. They have pages that let you know if your trade was filled and at what price. You start with a certain amount of money in a margin account. If the quantity you want is not available at the price you want you will either get a partial fill or none at all. Commissions are automatically calculated into the transaction. You get all the real life complications of ISP disconnects, outages and transaction problems. I can't see how it could get much more real without using real money in actual positions. |
| TheRumpledOne 6,529 posts msg #29371 - Ignore TheRumpledOne |
10/20/2003 12:24:47 PM LOL... Too funny, Joe G. You constantly badger, but as all can see, I win (again). I posted the stock, BEFORE it went up, not after. I posted the pick over the weekend. Gave everyone plenty of time to enter. SNUS was NOT a penny stock, so you can't argue over that. Bottom line is, RSI(2) picked a winner and RSI(2) works. For the record, never said I was the greatest trader or even a great trader but, Joe G., I beat you again. And for the record, I just bought a 1990 Madza Miata paid for with ADOT profits from buying at .0209 and selling at .0455. It really is fun to drive! But with papertrading, you don't get to play with real toys! |
| JoeGrossinger 165 posts msg #29373 - Ignore JoeGrossinger |
10/20/2003 1:10:51 PM It's not about you Avery. Get used to that. What my posts state and what my paper trading does is the real life. Folks buy stocks and then their account is depleted. Along comes another good opportunity. What to do? Drop one or let the new opportunity slide on by? Real life quandries that, folks who trade in real life and realistically on paper face every day. Folks like you, who never lose, never make a bad pick and have an unlimited amount of money to trade with don't have this problem. You are one of the lucky few. The rest of the traders have to deal with reality, with stock picks and with money management every day. I don't know why a rich guy like you is wasting his time on this forum when he could be having a great time in Vegas or somewhere else. Those who don't have an unlimted amount of funds should visit Koliga.com http://www.koliga.com/forum/index.php?c=5 |
| TheRumpledOne 6,529 posts msg #29378 - Ignore TheRumpledOne |
10/20/2003 3:48:14 PM Joe G. too funny... Hey I was just in Crater Lake, Oregon and Kauai, Hawaii last month and Cabo San Lucas, Mexico a couple of weeks ago for the MELT DOWN at Sammy Hagar's club. Needed to come home for a while. Now I have the 1990 Miata to play with (Thanks again, ADOT). And today, CESY has been nice enough to pay for the parts and the cost of new sheepskin seat covers today! See Joe G., when you put real money on the line, things get real. Like you trade ONE stock and make MONEY. And sometimes you don't get filled or you get partial filled. It is just too bad you like to bash HG, rsi(2), other traders and me all the time. Why not join the ranks of real traders? Post your trade confirmations instead of just sitting back, papertrading and flaming real traders. If you would just stick to the facts perhaps people would learn from what you have to offer. But the reality is, you got kicked off a site and had to start your own and now spend more time bashing others than making money. Really pathetic for a grown adult to behave that way. |
| JoeGrossinger 165 posts msg #29390 - Ignore JoeGrossinger |
10/21/2003 12:20:50 PM Down 31.61% over 5 days. It's one thing to hype the gains, but you have to include the losers to get a true and accurate picture. We are dealing with money. If any system were actually as good as those who hype RSI(2) claim then there would be only one system. Everyone would be in it and getting rich from it. The truth of course is totally different and not nearly as clean and as simple. |
| StockFetcher Forums · Filter Exchange · RSI(2) - The Little Indicator That Could | << 1 2 3 4 5 ... 26 >>Post Follow-up |
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