My questions: FOR SUBSCRIBERS: (1) About how many trade recommendations are you getting each week via e-mail, text, etc.,? $35/mo is baby stuff if their w/l ratio is as good as advertised. (2) How are the recommendations performing for you? 75-85%win/loss ratio is amazing. I'm not saying too good to be true. Just amazing! (3) Are any of you running a portfolio $1M or more using the alerts? I'd hate to get into the alert service, things go great, and all of a sudden, the service stops sending trades 6mos later leaving me "holding the bag." Is this a concern with any of you subscribers? If so, would buying the S/W be a better bet for me? FOR S/W BUYERS: (1) I know ZERO about programming. Is PTF good about walking new buyers through the setup via phone, or at least e-mail? (2) With IQfeed, are you getting better results? (3) Any problems with the program crashing? Again, as above, I know zero about programming, and even -0 about fixing a crashed program that I'll probably be 100% dependant on. Almost forgot. Which of the top six books listed on their site are what you guys would recommend? I have Market Wizards, and reminiscences already. "Statistical Arbitrage" looks interesting.http://www.pairtradefinder.com/books.php Great thread, btw! Thanks for your replies!
I signed up for the free 3 day pairs trading course and received it. I then sent a simple followup question asking if the trades in the track record were actually taken. I never received an answer. Not a good sign.
I am only using the software, not the subscriber service, and I'm making money. What more can I say? Sure it's a bit buggy, but I bought it to make money, and it's doing a fine job of that. My account is also no where near as volatile as the recent market activity, another huge plus of pair trading in general. I'm not about to complain to the software developer that his support is too slow or his spelling is poor. Rather than looking for reasons not to test, get your feet wet, put some hours in, and it will come back to you in spades. Don't complain things are not perfect, nothing is.
I also have been using the software and been making very good profits. The system works. I am not going to complain about spelling mistakes..that is silly. They are a small operation so time is precious I am sure. It just comes down to a matter of manpower, so mistakes will happen.
I'm not making money on my PTF trades like I was several months ago. June, July, and now August have been just better than break even. In the three months earlier, I was making 3% a week. I'm I alone and missing something, or are we in pair trading doldrums? Some posters say they are making money?? For real? In the last few months? Walt B
Jared, the GM, is traveling. Good software, small operation. I can make allowances. What's your opinion of the pairs course? Helpful? Meaty? Walt B
Hi Walt, Yep, I'm still making a positive impact on my account, however I don't think I have ever made 3% in a week. Generally If I have big week, it's because I am was in drawdown from the previous week, so those swings recover open losses.
how big is ptfinder? does anyone have any idea how many subscribers (roughly speaking, order of magnitude guess) they have? Are there any alternative similar services?