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At 01:33 PM 2/3/99 EST, Kevin243@xxxxxxx wrote:
>No flame intended. But what exactly do you do with 5700 tickers. 200 buys and
>200 sell signals a day? I only have a 1000 and am wondering why I have that
>many.
>
>My effort lately has been pruning that number down to a few that will actually
>make money. I've made good returns on just 30 (32% IRR). I think Jim G has a
>great idea in testing them to see if your system ever made any money. If it
>doesn't, then why would you expect it to in the future? Yes that is a form of
>curve-fitting. But it may work. Some stocks I can just look at and tell that
>my system wouldn't work on it (liquidity, slippage, volatility, etc.)
>
>Kevin Campbell
>
Kevin,
No flame taken! As you are the first person to ever ask this question, (data
vendors included).....
I was watching 18,000 tickers, and about to expand to 25,000 tickers when my
old data provider abruptly quit supplying data. Due to my personal
circumstances, (being in the middle of nowhere) I usually trade the future
options, about 75% of the time, by (pick your word) granting/selling/writing
them. For stocks, I was watching, more or less, all of North America. (And,
about to add NASD)
What I watch for in the stock market is IPO's. What I want to know is which
one of my acquaintances has just finished selling his companies stock,
(therefore has his money back in his pocket) and is about to look for
another joint venture project. If I (using my computer) compare what is sent
to me today on an exchange wide bases, with what was sent yesterday, with
what has been sent in the past, I can "figure out" all the IPO's. I usually
know in advance the ticker symbol and approximate date of the IPO,
(including my own), but they are all subject to some/lots of leeway. Things
can and do go awry, due to any number of very good and valid reasons.
Kevin, as you see, I am on the "other side" of the stock market from you and
everyone else on this list. Venture capital, the underwriting or seeding of
start-up companies, the building of those companies, the futures market(s),
these I understand. As for "your side" of the market, I have very limited
knowledge of this aspect of investing.
JimG (from my limited, no data vendor perspective) seems to have it figured
out. I have saved all his posts so that I can compare his results, when (if)
I get back "on-line". I personally enjoy when someone posts these results
(i.e. Ben Johnson's recent post) indicating how well he is doing. (I also
think that JimG should re-post his building blocks one at a time in quick
succession on a regular bases for every one, especially new list members, to
see and review.)
I hope this answers your question(s).
Regards,
Dan H.
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