Greetings, In my absence from elitetrader, I decided to write a small book on what I have learned over the last 25 years of hands on market participation. Having condensed the knowledge that has enabled me to be ranked/verified within the top 8% of over 10,000 published stock experts over the last 5 years into an easy to read and understand book.https://www.tipranks.com/bloggers/david-goodboy Geared toward noobs, obviously if you are making a consistent killing year after year, you don't need the book-- save your money! However, if you are like most investors struggling to make a profit in this new age of trading against the machine, the book can be invaluable. Enjoy! Surf www.beatthemachines.com
They missed this one... Surf "We have shorted the DJIA at 19730 via March YM expecting 500 points downside here here." Dec 12, 2016
S&P 500 annualized return since 2009, with dividends reinvested is 15% If you like underperforming the market... Surf always said you had to expose the vendors and wannabees
The above link says 63% of picks would have made averge 8.1% return. It does not mention average returns in total. They might be less or more than S&P. It's for marketsurfer to clearify himself.
Actually it says: "If you copied David Goodboy's recommendations since 2012 and opened each position for the duration of 1 Year, then 63% of your transactions would have been profitable with an average return of 8.4% over No Benchmark." 37% would have been losses so total return would be dragged down and still well below the 14-15% annual rate of return of the S&P even since 2012. Why make 8% on 63% of your portfolio and net out a lower return when losses are factored in when you could have bought S&P and made double digit returns.
Surf, from your website: is that your Ferrari? And are those VN's hand-me-downs you're wearing? P.S. You married up, I see.
Why are you so hard on this guy? The book is titled "beat the machines" not "beat the S&P 500". One time I had a really bad trade and I beat the machine also....then I had to go buy a new keyboard and monitor!