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> The NEW mini-Nasdaq recently completed the initial five months of
> trading 1 lots and 2 lots on the internet and have accumulated over
> $40,000 in profits less all commssion and slippage. $8,000 a month
> from one and two lot trades !
> ANYONE using this?
Their S&P performance looks pretty spotty. E.g. they took about a
$26k drawdown from their peak in mid-Oct. 2000 to the bottom in mid-
Jan 2001. They also took a $14k drawdown from early April 2000 to
the end of June 2000. You'd be in a real hurt if you started trading
with them at the start of a period like that.
Also, http://www.daytradersbulletin.com/html/trading_statistics.html
shows some stats for 1999, and according to that page they were
hitting 48% wins with a 0.93 win/loss ratio. I'm not quite sure how
they showed a profit with stats like that.
The NQ results look better -- a sharp jump ($15k) in early Oct.
followed by a steady growth of another $15k by the end of Dec. Then
a $6k drawdown in Jan. followed by a $12k runup in Feb.
So from my brief look at it, I wouldn't touch the SP signals. The NQ
signals come from another trader, and while he's had some rough
patches, he seems to do better. But it looks like you'll have to do
6-10 trades every day to match his results.
Gary
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