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(( Here are excerpts of the replies I received from the names Steve Karnish
supplied me.
In conclusion, this is the first time I have ever been able to verify
someone's claims with testimony from actual users. Steve challenged me to
check out his system and users and I must conclude Steve won the challenge.
Congratulations, Steve ! And thanks for turning a cynic into a
believer....Rick ))
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Bruce:
..In Nov of 2000 I became aware of cedarcreektrading
(CCT) and started watching the signals. I started
trading in Dec 2000 following the signals after
selling my mutual funds and stocks and opening an
on-line account. I only use CCT for signals. Since
then I have started my son and daughter and wife
trading using the signals and having their own
accounts. We have 7 on-line accounts now all trading
using CCT signals.
.. Check out some or all of the 50 stocks and
ask yourself if that's better then 10-12%? Sure, past
performance is not necessarily what it will do in the
future but you have 15 months of exactly what it did
in the past. The future is a guessing game and there
is no crystal ball. However, CCT is as close as I've
seen!
..CCT has been the greatest fun, learning
experience, and guidance I could ever have. And, I'm
making money far and away above the long term market
average using the signals. As soon as I get smart and
settle down I expect to turn 100% per year just using
the signals.
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Tony:
I have been trading
Steve's method for seven months..
..So while everyone has been crying with there losses, I have turned 5000
into 28,000 in
half a year. I could only afford to buy 100 shares at a time when I started.
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Joe:
1) How long have you followed the signals of a mechanical trading system?
Since 1958. It has changed over the years as I've obtained information
that is worth adding to the system and dropping some things that no
longer
work.
2) Where do you obtain these trading signals? (i.e., published on a
website
or generated thru Metastock or Tradestation)
They are from my own research and testing, resulting in developing my
own technical indicators and system.
3) Does the system over this period of time beat the long term market
averages (10-12%/year)?
Yes.
Since you've asked me to participate in this poll, let me add a comment
regarding mechanical systems: There are mechanical systems that work. There
are traders that can take any profitable system and lose money with it by
not
understanding it and letting their emotions get in their way. I have a
masters degree in applied mathematics, over 46 years of investing
experience,
and ran a computer department for a major airline before I retired. I use to
program trading/investment systems for individuals for free in exchange for
seeing what they thought worked. I have studied over 230 systems, many
selling for thousands of dollars over the years. I have not seen a system
that will continue to work profitably forever without modification caused by
changing market conditions i.e., commodity volume caused by derivatives. As
I
have said, I think Larry Williams is the best trading system developer I
have
run across. I also think, based on the calls he has made over the years,
that
Steve Karnish is a good trader and has technical indicators that have
consistently been profitable.
A mechanical trading system is not for everyone. It may not be for you, but
whatever you eventually do, good luck.
-------------------------------------
Glen:
1. I have followed the system since July 2000 (a total of eleven months
now),
trading commodities only. I have been in the market, long or short,
constantly
throughout that period.
2. I obtain the signals from the Cedar Creek Trading website.
3. Yes. I have greatly exceeded 10% growth/return.
4. On 4 or 5 occasions I have elected not to follow a signal. Once or
twice I
benefited by that decision. In the other instances, I ended up wishing I
had
followed the signals.
5. Five losses in a row.
6. 20% is the largest drawback, occurring after the above-referenced five
consecutive losses.
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