StockFetcher Forums · General Discussion · Need some input from the forum<< 1 2 3 4 5 ... 10 >>Post Follow-up
671 posts
msg #112447
Ignore miketranz
3/25/2013 10:49:42 PM

Kevin,your generosity and contribution on here has been amazing.I want to be the first to thank you for all your help.However,to set up a fee based service is tricky business.The first thing you want to do is consult a good attorney with a basic business plan.There are plenty of stock picking services out there,most of which are totally worthless,borderline scams,set by self professed "market gurus".These failed traders,investment advisors,couldn't trade their way out of a paper bag,so they prey on the market naive looking for the holy grail.Some are big name marketeers which command premium dollar.Some have gone on to write books,tapes,seminars,ect. It's really amazing what's out there.My advice to you Kevin,is to differentiate yourself & your proposed business model.If you're credible,have a system that works,that will honestly help people in the market to become more profitable,now you have something.It's all about how you market your product.Good luck Miketranz........

33 posts
msg #112448
Ignore ZeroSum
3/25/2013 11:10:20 PM

Retail finance is a den of slimy, shilly snake oil salesmen. 95% of the newsletter providers could not trade their way out of a paper bag. That's why I do not subscribe to any.

230 posts
msg #112449
Ignore wkloss
3/26/2013 12:02:02 AM


I think your systems would sell. There is an alternate route you may consider. An example is I found them recently when I was looking for autotrade systems. They are a marketplace for system developers and they offer autotrade services. Disclaimer: I am not affilated with them; am not and have not been their customer and only suggest them as a possible model or concept. There may be others.

A decent system combined with autotrading would be a winner for a lot of people. I suspect most SF subscribers like to develop and trade their own systems but there is a market for people who want to trade and simply don't have the time. I can be in the middle of trading and the day job rears its ugly head (I own several small businesses and something always comes up.)


683 posts
msg #112452
Ignore duke56468
3/26/2013 9:25:02 AM

I do not subscribe to any paid service but here is a free service that has a fairly good track record. Good luck to you Kevin and thanks for all you have done for us.

278 posts
msg #112453
Ignore jackmack
3/26/2013 9:58:39 AM

The only service I use as a subscriber and have done very well with it is SectorSurfer.
I am in 3 models there and have very very very well.
I would like to know more about your potential service if you go forward with it as you
can be assured that I would sign up.

15 posts
msg #112454
Ignore riverrun83716
3/26/2013 1:10:35 PM

this service has been in business a long time. They post every trade ever taken and have an amazing long term track record.
It is a falling knife or buying oversold stocks kind of thing. But is completely objiective and uses time stop for trades. With compounding the thing has produced amazing returns over a long time period.

268 posts
msg #112455
Ignore novacane32000
3/26/2013 3:44:05 PM

wkloss- Correct me if I'm wrong but I have read Collective2 does not work with several of the big Brokers.

671 posts
msg #112456
Ignore miketranz
3/26/2013 4:27:40 PM

Did you ever hear the expression "The best things in life are free"? Well,minus the SF fees,it's all here...

278 posts
msg #112457
Ignore jackmack
3/26/2013 4:40:38 PM

I got to thinking - how can you top what you have already put out here?
You are a legend here and anyone that discounts that - well good for them.
But seriously - you have given all here EXCELLENT models to use as they see fit.
Your 401K model - brilliant - your S&P divergence filter - also brilliant your stochastics filter - brilliant.
You have all three time frames and cases nailed so how on earth can you top that?
Just saying

3,867 posts
msg #112458
Ignore Kevin_in_GA
3/26/2013 5:20:33 PM

@miketranz: Thanks for the kind words. My goal in this proposed effort, like my goal here at SF, is to bring some simple yet effective trading systems to those who would benefit. I think though that if you give someone a great system for free, they are less likely to use it than if they are paying a modest amount for it - the human mind wants to make sure it gets something of value when we pay, and we typically will follow those services more closely than if I just am given it for free.

@zerosum: I agree - it's a shame that it is the way it is. That being said it does not mean that one can't simply provide a decent system at a decent price. Connors does it well. SectorSurfer does it well. There are a few others, but mostly your characterization is spot on.

@wkloss: Based on what I see when I look at the current subscription systems out there, I think there is much that could be done to improve the results for individuals at a more reasonable price. These systems are all designed to be traded after the close, so autotrading would be easy to put in place. I have already written code for both Prodigio and StrategyDesk. Might consider doing it for other systems of the demand is there.

@jackmack: I use SectorSurfer, but honestly found that my TAA system worked better over the last few years of data. I like what Scott does, and it was that site which got me thinking about this process - his trade frequency is really infrequent, but his concept and pricing are quite good. As to your second post - thanks for the compliments. The systems I have developed for this effort are just as good, and easy to follow.

StockFetcher Forums · General Discussion · Need some input from the forum<< 1 2 3 4 5 ... 10 >>Post Follow-up

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