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A year ago I announce that I had purchased a system that I believed had
a good chance of working. I have periodically
<br>reported the results from that system to this group. I started trading
the system on Feb. 24, 1999 so now I have the results for a
<br>year. The system so impressed me that I started a second and third
account on August 28, 1999 and January 3, 2000
<br>respectively.
<p>Here are the results through 2/23/00.
<p>Account % Increase
<br>2/24/99
89.6
<br>8/28/99
17.6
<br>1/3/00
15.2
<p>You will note that the gain in the 8/28 account is only slightly better
than that of the 1/3/00 account. That is because the 8/28
<br>account started at the worst possible time and suffered through a drawdown
of approximately 19%.
<p>The system is not for those who want a lot of action. At times it can
be very boring and drawdowns as mentioned above do
<br>occur.
<p>The system is Trend Reflection (trendreflection.com).
<p>I am posting this information because I said I would and because some
in this group have expressed an interest in mechanical
<br>systems. I sincerely hope that this posting does not create the acrimony
that has been seen at times. My purpose is to share
<br>something that seems to work and we all know finding such a vehicle
is difficult.
<p>Disclosure:
<br>I do not work for Trend Reflection. I am a broker (31 years experience)
who trades this system personally, for my wife and
<br>for several clients. Two of the clients were referred to me by Trend
Reflection. The software is easy to use so anyone with five
<br>minutes a day can manage the trades. The accounts referenced above
started with $35,000 although Trend Reflection has a
<br>system for smaller accounts. Commissions and fees have been deducted.
<p>
***********************************
<p>The information provided has been prepared from sources believed to
be reliable, but is not guaranteed by us and is not a
<br>complete statement of all available data necessary for making an investment
decision.
<p>This is for informational purposes only and does not constitute a recommendation.
Summit Capital and its employees may have
<br>positions in the investments discussed.
<p>Futures trading is not for everyone. The risk of loss in trading can
be substantial; therefore, carefully consider whether such
<br>trading is suitable for you in light of your financial condition.
<br>PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
<br>
<br>
<br> </html>
</x-html>From ???@??? Thu Mar 02 13:53:52 2000
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Date: Thu, 02 Mar 2000 14:02:44 -0600
From: Steve Walker <Steve@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Subject: [RT] Stock Brokers
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Status:
I trade mostly stocks ( day trade to short term) and have used Charles Schwab since 1986. I am not satisfied with their response time or fee structure. Has anyone recently worked thru a stock broker selection? E*Trade, Datek, DLJ Direct, Ameritrade, Quick & Reilly, Web Street.
Thanks for your comments,
Steve
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