I notice that stock choice and risk management is way off for an optimum investment portfolio. Holding onto down trending stocks or stocks that have business issues (reason for downtrend?) is just crazy.
I use all data available. Charts, numbers and words. Even some smart advice from ASF members helps.Yes, there is one and only one way of doing things. Every other way is crazy.
Is it that time of the year that techies and fundies peacefully torture each other over their religion? Keep me out of it, please.
Yes, there is one and only one way of doing things. Every other way is crazy.
Yes, there is one and only one way of doing things. Every other way is crazy.
.
You do get a bit of that here! A finely tuned filter to sift the 'noise' is required at times.
....
NOISE....
You do get a bit of that here! A finely tuned filter to sift the 'noise' is required at times.
It's about profit---not method---if you can't make a profit with YOUR method change it!!
Doing the same thing day in and day out and expecting a DIFFERENT result is crazy.
The noise here is from THEORISTS who adhere to beliefs without an ounce of practical application
And profit.
Their only addition to the forum is constant grumbling and moaning without anything of value to ad.
NOISE
It's about profit---not method---if you can't make a profit with YOUR method change it!!
Doing the same thing day in and day out and expecting a DIFFERENT result is crazy.
The noise here is from THEORISTS who adhere to beliefs without an ounce of practical application
And profit.
Their only addition to the forum is constant grumbling and moaning without anything of value to ad.
NOISE
How many posts?
How old are you?
What are you doing in life Now?
Is it what you really want to do?
How wealthy has your involvement in the market 'actually' made you as opposed to how rich you are 'going' to with your 'latest' endeavour?
ps
I don't care enough to be seeking answers to the questions - just wondering if you should quietly/privately consider your own advice.
Given that my investments have 3-5 years expected timespan, small underperformance after 1-2 years is not cause for panic quite yet.
But having said that anyone who puts their trades up for public scrutiny should be commended.
With the XJO up 20% in the same period as your exercise
I don't know that I agree with the above.
But having said that anyone who puts their trades up for public scrutiny should be commended.
I'm sure those who do learn far more than those who don't.
Sharing trades is open and indicates credibility, especially if you follow through on it!!!
However I wouldn't recommend it in general.
It can put a moz on you, make you react to opinions that seem plausible but contradict your sense of it and make you lose the flow of how it was appearing to you.
The market is not often rational in the short to medium term so money is often made doing things that contradict fundamentals in the shorter terms.
I find it's better to be very quiet and introverted about your trading, you can get a much better rhythm for what you are doing and what is going on.
If you want to share something that you think will be helpful for others then definitely do that, that's great! What goes around comes around and you will definitely get it back one way or another.
It's also good to try to offer a contrary opinion to someone who could be making a big mistake because they have missed something important. So sharing can be helpful, but in general with your trades, stick with your plan if it works and think about something else until it's played out, don't second guess or invite support!
I've mentioned that I am switching over to a new strategy, I thought I should expand on that a little.
I've started off investing in quantitative value strategies. They were proven to work by many studies and being able to backtest it myself, which gave me an extra comfort factor. I was always aware that because this was such a well known strategy, it could only result in small alpha and kept searching for something not as well known where a bigger edge could be found.
My focus is now on small, mostly growing companies. I use a few factors to filter this universe, which I will keep to myself. My latest purchases of PHG, CGR, TCN, MWR are part of these strategies. My slightly older holdings of ICS and BYI and to some extent DTL also fit.
Only a few studies were ever done in this area, so I am painfully aware of the fact that I could just be looking at noise. I am taking it slowly to switch over my investing completely to this approach, but I am quietly confident that I am on to something.
Momentum/technicals I do not look at. I think it is a crowded field, with many systems developed there. I do not see how I can contribute anything there that hasn't been done by thousands of others. I do, however, see a big hole in what is available for retail investors in terms of quantitative analysis tools and do not expect this to change in the near future either.
Retail investing without institutional constraints, but with instituition level software, I think has a lot of potential. My focus is just as much about developing my system as it is to make money from the porfolio. These are early days, but as I said, I am quietly hopeful that it will result in finding an unexploited statistical edge in the coming years. This is an exciting stage for me now, as I am slowly turning over my portfolio to a strategy that is somewhat unique, rather than a variant of widely publicised value strategies it was before.
I think people need to keep it simple and try remain humble. I think its a solid effort considering your sharing your P/L with everybody. Too many egos in this world.
I think people need to keep it simple and try remain humble. I think its a solid effort considering your sharing your P/L with everybody. Too many egos in this world.
With the XJO up 20% in the same period as your exercise
I don't know that I agree with the above.
If your under performing you need to change something.
Particularly if the markets improved 20% and you've stayed stagnant.
Its not ego---its in your face FACT!
Why post your results if you don't want or expect feed back?
I traded "TechTrader" Live on "The Chartist" for 7 years.
In that time the Full Code was posted and a thread continued for the full 7 yrs.
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