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| nikoschopen 2,824 posts msg #54002 - Ignore nikoschopen |
8/12/2007 3:28:59 PM In the pantheon of the lunatic YouTube pundits, here's an Average Joe whose views I find refreshing. Not exactly the type from the Freakfest camp, but very enjoyable to watch and, at times, educational―particularly in this segment about "scale trading". |
| nikoschopen 2,824 posts msg #54004 - Ignore nikoschopen |
8/12/2007 3:44:23 PM msummer2007 and others, Note that, as a disclaimer, I'm not advocating for anyone to join the so-called "club" of these YouTube pundits. Elsewhere in this forum, there's a thread dedicated to cracking the code from the newsletters one receives in the email. Basically, the idea is to nail the stock that is not so glaring obvious in the newsletter. The same idea applies to these YouTubers. The free information they disseminate is sane enough IMHO to take into consideration in this volatile time. |
| karennma 8,057 posts msg #54031 - Ignore karennma |
8/13/2007 2:12:54 PM Niko: Since you're a "U-tube" expert ... CNBC just interviewed Muriel Siebert and some guy w/ gray hair regarding market volatility. If you can post the video, I'm sure others would benefit from seeing it. The interview was very good (around 2:00pm today) thanks. k. |
| nikoschopen 2,824 posts msg #54035 - Ignore nikoschopen modified |
8/13/2007 4:53:14 PM |
| rtucker 318 posts msg #54040 - Ignore rtucker modified |
8/13/2007 8:21:38 PM The Holygrail. ( for an instant in time) Every dog has its day. |
| msummer2007 129 posts msg #54051 - Ignore msummer2007 |
8/14/2007 3:21:35 AM Rtucker, I couldn't resist backtesting that filter. The results weren't to pretty. Goes to show you the need to look at the big picture. In fairness I did test it over a very difficult period in time, but this only accentuates the need to have more due diligence than just a filter system. Approach Information Approach Name: rsi(2) < 1 close > 10 avg vol(90) > 500000 offset ... Test started on 06/29/2007 ended on 08/13/2007, covering 30 days Filter used: rsi(2) < 1 close > 10 avg vol(90) > 500000 offset 2 Trade Statistics There were 415 total stocks entered. Of those, 257 or 61.93% were complete and 158 or 38.07% were open. Of the 257 completed trades, 79 trades or 30.74%resulted in a net gain. Your average net change for completed trades was: -3.86%. The average draw down of your approach was: -10.36%. The average max profit of your approach was: 5.84% The Reward/Risk ratio for this approach is: 0.45 Annualized Return on Investment (ROI): -158.83%, the ROI of ^SPX was: -28.86%. Exit Statistics Stop Loss was triggered 173 times or 67.32% of the time. Stop Profit was triggered 76 times or 29.57% of the time. Trailing Stop Loss was triggered 0 times or 0.00% of the time. You held for the maximum period of time (25 days) 8 times or 3.11% of the time. An exit trigger was executed 0 times or 0.00% of the time. |
| nikoschopen 2,824 posts msg #54053 - Ignore nikoschopen |
8/14/2007 10:56:47 AM Can you hell believe it? I just saw 1400 contracts flying by on the September S&P Emini T&S taking out the bid in one sitting! |
| karennma 8,057 posts msg #54056 - Ignore karennma |
8/14/2007 1:39:27 PM CNBC just had a segment on Hedge Funds. Apparently huge amounts of money are being taken OUT of hedge funds. Muriel Siebert mentioned yesterday that HFs are not regulated, therefore, you should expect lots of volatility. And we no longer have the uptick rule for shorting. Fewer rules, less regulation = more volatility. I guess you could say ... Hedge Funds made this market go up, so ,,, Hedge Funds can make this market KEEP GOING DOWN. |
| nikoschopen 2,824 posts msg #54057 - Ignore nikoschopen |
8/14/2007 2:00:01 PM This is from Yahoo! Finance: Exacerbating investors' nervousness on Tuesday was confirmation that Sentinel Management Group Inc., which oversees $1.6 billion in assets, is seeking to halt investor redemptions. Other funds are said to have similar problems as they face withdrawal demands at a time it has become difficult to value low-quality debt. Hedge funds and other big institutional investors have taken a beating in recent weeks due to the market turbulence. On Monday, Goldman Sachs Group Inc. said three funds it manages have had significant losses -- and infused $3 billion in capital into one of them. |
| msummer2007 129 posts msg #54058 - Ignore msummer2007 |
8/14/2007 2:04:32 PM This is not the end of it. More and more funds are going to be claiming significant losses. This is like watching the Soprano's. When someone is dead, shoot him a few more times to make sure. |
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