I have never seen a better trader than

Your system has provided good returns for intermediate
term traders using higher quality stocks. I think some of
the other posters here take your "bragging" too seriously.
To me, you just seem like a guy trying to have some fun.

Your investing strategy seems to be based on solid research and
sound principles. But I wonder why your system limits gains to 15%.

In your research, have you ever tried using higher gain
percentages, or other exit strategies?

In taxable accounts, it might be better to use a higher gain percentage and even try for long term capital gains. I guess the
smaller 15% gain works well in tax deferred accounts where turnover is not an issue.

Also do you ever look at dividend yield in your stock
screening to limit risk even more?

GS

 

Hey George,

Thanks for your very intelligent, and accurate, input. I trade in an IRA account so taxes are not an issue.

Based on my selection criteria, 15% seems to be the optimal target. Since I'm selecting 90% winners, the compounding benefit outweighs letting the winners run. Inevitably, the new stocks I select appreciate faster than the ones I would have let run anyway.

Many of the stocks I pick, particularly the ones with lower valuations, pay nice dividends. This helps reduce my overall cost of capital.

You seem to be much more intelligent than most of the ET crowd. Hopefully you'll join my forum too.

 

Have you ever seen a Wharton grad beg for an extra unique visitor on a message board?

 

What's the matter? Did you get a "thin letter" when you applied to Wharton?

 

MrMarket, you posted a tradelist, fine. But the question remains:
is the list complete of all your trades? Imagine this: if I buy just
a handful shares of all of the about 7500 US stocks once every 2 weeks or so then of course I can say that there were x which made more than 15%, and of course I can do statistics which
show x "consequtive" winners... Ie. you would need to post all
trades not just a subset of it...

 

Yes. I have shown all of my trades, posted realtime, since Jan 2002.

 

can your coin flip method eventually turn a " heads' into a "tails"?????? ...even if it takes six months to a year??

 

Nothing wrong with a 15% return over 6 months. If someone guaranteed me that right now, I'd sign up immediately.

 

Actually, my cumulative education is better than just attending Wharton grad. Tell us where you went to college as well.

 

Hi Ernie,

I do plan to join your forum. Currently I don't trade
individual equities, but plan to start using them in the
future for diversification purposes.

I also need to post more here at Elite Trader. I don't like the
idea that I'm listed as a "junior member" !

GS