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While answering that last question about an ETF rotation system, I
remembered a couple of posts from people venting about things that
seemed like hype about the MSTT and what you could get out of it.
I told Roy that I would like to post a list of trades that have been
made using the techniques from MSTT just to illustrate to the skeptics
what is possible. However, I'm a very private person for many reasons,
and I don't reveal much information about my trading or anything else.
However, I am willing to share a little bit. I posted an SPY chart im
the files section that I said I had some unique indicators on it in
regard to trading SPY. I also mentioned that the system for the SPY
and QQQQ would be explained in the April issue of MSTT.
I personally use the posted chart to figure out the direction of the
market along with a few other simple charts, i.e. weekly etc. In
addition, I often trade the SPY.
Based on how I trade the SPY using the posted chart, since January the
trades have returned a bit over 12%. All of the signals and how you
should react to them are going to be explained in April MSTT.
Roy has annotated versions of the charts noting the trades, how to
read the charts and how the indicators work. These will be sent to
subscribers.
Do these methods work, yes! How do I know? Because I trade them. Can
anybody make money using the same techniques? How can I answer that
question. They should be able to make money following the same
methods, but in the newsletter there is a very clear explanation of
why some people don't and won't ever be able to.
In the May issue, there will be a method of trading stocks that is
described in detail along with the appropriate code needed to use the
system. Does it work? Yes, it does. Since November the SPY trading
system has made around 18% (commissions, slippage, etc are different
for everyone so this is approximate). The stock trading system has
made several times that much.
Are the systems described purely mechanical. No, they are not. It
takes some degree of chart reading ability and judgement. However,
I've never found anything that takes less of those abilities.
Why don't you fully disclose the trades and track record if we're
suppose to believe the system works? I'm not selling a stock picking
service, I don't have my results audited which I would if I were
trying to convince someone to pay me for my "stock picks", I'm not
selling a plug and play system on a CD with little green buy arrows
and red sell arrows, I'm not getting anything from Roy for sharing
what I know with his subscribers, and I'm certainly making no
guarantees that it will work for you.
Are your systems and strategies better than the ones that other
traders are going to write about in MSTT? I have no idea. I hope they
have better systems. In fact, I hope they describe systems that make
about 10 times what mine makes, and I hope I can trade the system so I
can make 10 times what I make.
Do I have other systems I'm not disclosing in MSTT? Yes, of course I
do. I have a directional outperformance system that's made 2.5% in the
last three days on long trades. Why aren't you going to disclose your
other systems? I'm disclosing the most consistent, easiest to use
system that makes way more than enough money for the majority of
traders who aren't trying to day trade the markets and lose their
asses. My other systems are more difficult to use, harder to explain,
and take a lot of experience. The directional outperformance system is
a good example. I don't trade against the market trend often, but the
strategy I use works fine and makes money when I don't want to go short.
Someone got chewed for saying that a subscription to MSTT is worth
many times it's cost, and a person can make thousands more than the
price of MSTT. Gee, a subscription plus the back issues is less than
$180. Plug-ins cost way more than that. Commissions cost way more than
that. If you can't make thousands more than the cost of subscription,
here's some advice you can use. Quit trading!
If you're losing money trading, that's too bad. The reason I keep
touting MSTT is because most people who try to trade with TA,
regardless of the program they're using, don't make any money. There
are thousands of subscribers to this board. A signficant percentage of
those are losing money, or barely staying above water. If you are one
of the 50 how post all the time, you get tired of reading my messages.
You get irritated hearing it over and over, but some people are only
reading it for the first time.
If this board had a newbie section, where all newbie's were
quarantined for a few months, I would only post on there. To those
that I irritate by repeating myself. I appologize.
I've tested hundreds of experts, indicators, and systems. Some I wrote
myself, some I got from other people and some I found floating in
cyber space. I've read more than 150 books on trading and systems
development. I've spent many hundreds of hours with other professional
traders talking about trading strategies and how they approach the
markets. This is my full time living so I've got to get it right.
You can believe that what I write about MSTT is hype and it's just way
to learn to code in MS and nothing more. You have the option of using
it that way. It's up to you as to what you do with it. If nothing else
you can print it out and use it as a fly swatter. I really don't care.
However, in my opinion based on all of the stuff I've seen, read and
tried, the information in MSTT is very effective and does help someone
learn to use TA in its most direct way to make money.
I'm sorry if you had to read this long post for nothing, but I thought
you might like to see some numbers to back up the "hype."
Have fun!
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