|
PureBytes Links
Trading Reference Links
|
Hi Fred,
What I mean is if you are just starting in trading and tech analysis, and you grow-up in the Tradestation community exclusively as I did, you become influenced by the belief that adding complexity is better, mutual fund trading is for sissies, and stock selection is something driven by stock specific systems not selection methods to compliment market timing signals. I know you've subscribed to the Omega list at some point. It's 99% garbage, but if you don't know any better you think it's filet mignon. I've learned more on this list in the past 3 months than I have of 3 years monitoring that list among other tradestation related lists.
Try downloading any .ela from tradestation's website and trade it as is. You won't because it will not make you money. Now go trade the RUTVOL off the shelf that the FastTrack world generated among other good signals. It wouldn't make you $1 million overnight, but it'll pay bills.
You already know all this, but you were lucky to get your sea legs before learning Tradestation. Unfortunately, I had the blinders on until recently. I'm supposed to chill out this weekend, but I'm trying to make up for lost time.
GS
Fred <fctonetti@xxxxxxxxx> wrote:
Gary,A tool is a tool is a tool. I too have come from a TS background and prior to that I wrote a variety of my own stuff to run on mainframes and midrange hardware. The tools are of course great and clearly some are better than others and which are which will depend to a large degree on the yardsticks one uses. IMHO it's not the tool that's poisonous, it's simply a tool.Fred--- In amibroker@xxxxxxxxxxxxxxx, "Gary A. Serkhoshian" <serkhoshian777@xxxx> wrote:> Bruce,> > Look forward to your posts.> > > For all of you that think mutual fund trading is for widows and orphans, better keep an eye out for Bruce's posts as he was the one who uncluttered my mind from years of being poisoned and unprofitable in the Tradestation world.>
> > > As a good Southern preacher would say: I have been HEALED !!!> > I'm out,> Gary> > bruce1r <brucer@xxxx> wrote:> Chuck - I think that I might be one of the people that Fred was > referring to in an earlier post who comes from this FT/Trade world > and also has some experience with Amibroker. I am "stuck" somewhere > for the next day and will have some time to post an overview and > hopefully answer a couple of your questions. If you bear with me, > I'll go until the board tells me to stop. Here are the bullets -> > 1. The FastTrack community drew a group of people together over many > years who have done a body of very impressive work on selection and > intermediate term timing. I've become familiar with the depth and > excellent quality of your work, and think
that you would find it at > least interesting.> 2. The work was focused on funds, particularly small cap's because of > their trend persistence, Alpha, and lower volatility.> 3. Much of the work is transferrable to stocks as Gary S. has found.> 4. There are approaches to working around the fund trading issues as > Fred has mentioned.> 5. For whatever its worth, I've imported/ported much of the work to > Amibroker.> > I'm off to dinner. More later.> > Bruce R.> > > > > --- In amibroker@xxxxxxxxxxxxxxx, "Chuck Rademacher" > <chuck_rademacher@x> wrote:> > Maybe some of you guys (and gals) who trade mutual funds can answer > a couple> > of questions?> > > > 1. If there's no money to be made in (rotational trading of) > ETF's, am I> > correct when I assume that there's no
money to be made in the Rydex-> like> > funds that only mimic an index?> > > > 2. Based on current rules and redemption penalties, which families > of> > mutual funds can you recommend for rotational trading?> > > > 3. If most (or all) such families of funds charge early redemption > fees, is> > it safe to assume that you are trading these mid to long term?> > > > There's no sense in me working on a system that appears to do well, > only to> > find that redemption fees are going to kill me. Or, is it > possible that> > there's enough money to be made that the fees are of little > consequence?> > > > Out of all of the above, I'm really interested in some > recommendations on> > mutual fund families to trade. I can then go do my own >
investigation as to> > their fees, etc and devise my own systems that will work with those > fees.> > > > Thanks> > > Yahoo! Groups SponsorADVERTISEMENT> > Send BUG REPORTS to bugs@xxxx> Send SUGGESTIONS to suggest@xxxx> -----------------------------------------> Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx > (Web page: http://groups.yahoo.com/group/amiquote/messages/)> --------------------------------------------> Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html > > Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service. > > > ---------------------------------> Do you Yahoo!?> Protect your identity with Yahoo!
Mail AddressGuardSend BUG REPORTS to bugs@xxxxxxxxxxxxxSend SUGGESTIONS to suggest@xxxxxxxxxxxxx-----------------------------------------Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx (Web page: http://groups.yahoo.com/group/amiquote/messages/)--------------------------------------------Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
Do you Yahoo!?
Protect your identity with Yahoo! Mail AddressGuard
Yahoo! Groups Sponsor
ADVERTISEMENT
Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
-----------------------------------------
Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
(Web page: http://groups.yahoo.com/group/amiquote/messages/)
--------------------------------------------
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|