PureBytes Links
Trading Reference Links
|
What is MSTT?
Christie
--- In equismetastock@xxxxxxxxxxxxxxx, superfragalist
<no_reply@xxxx> wrote:
>
> 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!
------------------------ Yahoo! Groups Sponsor --------------------~-->
Has someone you know been affected by illness or disease?
Network for Good is THE place to support health awareness efforts!
http://us.click.yahoo.com/Rcy2bD/UOnJAA/cosFAA/BefplB/TM
--------------------------------------------------------------------~->
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|