Actually...I've worked with Michael for quite some time now...I signed up to learn how to trade from him a while ago (which was fantastic). And I recently put some money into an account to be traded by the MX2trading system that he developed. It has actually been great. I started with 50K and solid returns so far. My account is up about 16% for the month. He's really not a scammer...Man, Elitetrader is just so cynical hah...but I can understand why
Sorry let me clarify...I opened the account in early may (about a week in) and earned 16% for (three weeks of) may. June just started so no figures yet.
I met Michael at a futures expo last year. I agree that he's a nice guy and probably sincere. I'm not big (in fact I'm anti) on mechanical systems for short term trading but I do think his stuff is a step above much of what's out there. 16% in a month??!! What kind of position sizing?
Roughly 6,500 margin per contract. If by mechanical you mean, based on technical indicators...it is NOT! Siegel preaches vehemently against technicals.
... brings back old memories where Turtles first came out of hiding and Tradestation 4.0 ruled.... It's funny how we all go through a very similar learning curve regardless of the time...
Did I say technicals? I said mechanical. Rules based. Automated. p.s. I'm in no manner commenting on or against the merits of this system. I'd imagine Michael knows markets better and longer than 90% of the developers out there........
Very interesting... Another form of changing "market(ing)"... A question: "Are floor experiences that significant?" Or should I ask the clerk next to me?
Yea. They called it club 3000 because all the systems for sale seemed to be priced at $3000. Back before forums. What ever happened to Rick Ratchford?