StockFetcher Forums · General Discussion · Need some input from the forum<< 1 ... 4 5 6 7 8 ... 10 >>Post Follow-up
Kevin_in_GA
4,553 posts
msg #112521
Ignore Kevin_in_GA
3/30/2013 8:15:54 AM

This is is a valid concern for many systems, especially if they try to buy/sell thinly traded stocks. However, this system only trades S&P 500 stocks so liquidity is not an issue. Also, you are entering a small order using limit entries, which insure that you get that price. Example - does anyone think that the current limit order for 6 shares of GOOG is likely to cause any issues? Probably not, since it traded over 2 million shares last session.

These stocks all trade greater than $10-20 M dollars each day, so a $5,000 limit order is unlikely to soak up all the supply. GOOG actually traded $1.8 B in total dollars on Thursday. Also, I only have three subscribers (4 if you count me as well, since I am trading this using the same signals in my account) so not much change of getting crowded out.

This is actually one of the reasons I really like this system - you will get your orders at the target price without making a ripple, and there is always a buyer when you decide to sell.


LJLMO05
5 posts
msg #112522
Ignore LJLMO05
3/30/2013 8:20:43 AM

Kevin,
What is the expected move for these stock picks? I.e. do you look for at least 1-2 point move ?


Kevin_in_GA
4,553 posts
msg #112523
Ignore Kevin_in_GA
3/30/2013 8:58:33 AM

No - the exit is not tied to any specific point or percentage move. Both entry and exit rules are proprietary.

duke56468
683 posts
msg #112524
Ignore duke56468
modified
3/30/2013 11:57:10 AM

Kevin did you change your mind about the price point being 19.95/mo? The website says $50/mo,or am I looking at the wrong thing?

Kevin_in_GA
4,553 posts
msg #112525
Ignore Kevin_in_GA
3/30/2013 12:22:16 PM

Yes and no - my original thought was around $20/month. Looking at the average pricing on Collective2 (typically at or above $100/month) made me rethink this - there are systems there that charge a lot more than that even, and Collective2's guidance to sellers is to start at $100/month. That seemed too high to me, so I just cut it in half.

As a seller I'm sure there's an optimum but my general approach is to be lower than most, but not so low that it seems less valuable to traders.

ZeroSum
33 posts
msg #112530
Ignore ZeroSum
3/30/2013 10:08:34 PM

Kevin, look at a couple of other places for ideas: Portfolio123 had strategies available at around $20-$50 each, and also check out sumgrowth.com.

ZeroSum
33 posts
msg #112531
Ignore ZeroSum
modified
3/30/2013 10:25:48 PM

Kevin,

I read the brief outline of your system that you posted. I want to caution you against something that I feel will limit the duration of a typical subscriber as well as limit the attractiveness to higher-account-size subs (the subs with $10k in their accounts who are trying to double it in 6 months will blow their account out anyway, thank goodness for them because they feed your and my account!): your system has no stop losses. That's an immediate non-option for anyone with a sizable account who has to put to work $100k per position or so to move the needle. And these are the types of subs that stay with you for years. Figure out a way to incorporate a stop loss and I think your system will be far more attractive.

Kevin_in_GA
4,553 posts
msg #112532
Ignore Kevin_in_GA
modified
3/30/2013 11:11:20 PM

Probably true, but people get pissed when stop losses get hit (look at the new version of the Connors system I posted and people's take on it is that it is no better, perhaps worse because a bunch of stops were hit right out of the gate).

The system is what it is - I'm not one to change it for my benefit at the expense of those who would subscribe. I would rather give people a good system than one that makes them feel good.

four
4,012 posts
msg #112535
Ignore four
modified
3/31/2013 12:54:41 AM

http://first4trading.com/wp-content/library/guides/Advantage_of_Trading_Systems.pdf

Perhaps, trade (two or more) systems and keep 20% cash (more or less) on reserve... many combinations are possible.


duke56468
683 posts
msg #112544
Ignore duke56468
3/31/2013 6:30:20 PM

Kevin.. Do you have to get registered or certified as a financial adviser when you charge for a financial service?

StockFetcher Forums · General Discussion · Need some input from the forum<< 1 ... 4 5 6 7 8 ... 10 >>Post Follow-up

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