| owilson05 |
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Gold User, Member, TeleChart
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| Registered User |
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| Unsure |
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| Tuesday, April 12, 2005 |
| Monday, February 21, 2011 12:59:30 PM |
6
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Sam,
Thank you for posting a response and for looking at the two trades I gave as examples. It is reassuring to know I did some of my trades correctly with regards to your system. I have since gone back and re-checked many of my trades and found they didin't meet the criteria at all. Somehow I had been using a daily chart and other times I was correctly using a 9 day chart. That explains a lot right there.
As far as the margin matter, I haven't even considered that, so thanks for explaining it better. A 5% loss against the 14% drop in the S&P doesn't sound so bad after all.
Again Sam, thank you for your original note to Worden and for responding to my email/ post. I will continue to paper trade your method with renewed confidence in it. I will also try not to be so short sighted and be in it for the long haul.
Best regards,
Orville
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Bruce,
Thanks, obviously I posted with the hope that Sir 9 Day would see it. I'll send the email.
Regards,
owilson05
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Thanks diceman...I'm not sure how many times I've read all those posts but it's been a lot. Was there anything in particular in them that you think I am missing?
Regards,
owilson05
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Hello, as you can see this is my first post but I have been lurking here for quite some time.
I have been paper trading Sir 9 Day's method since May 1 with little to no success. Out of 185 trades, 93 are positive with 92 negative. The positive trades usually trigger on day 10 with little gain (barely covering commisions) and the negative trades go to day 19 with large losses. On a mythical $25K account, I have lost $2654, slightly over 10%.
I've used S&P 500 stocks and also some lower priced stocks ($10-$30) with no concernable difference in results.
I have also modified Sir 9 Day's method with Sir Welcome Back's (Worden report 4/16) suggestions, again to no avail. All but the stop loss obviously.
These are not the typical results Sir 9 Day posted. Is it just the condition of the current market? Has anyone else been trying this method? Any input would be appreciated.
Thanks,
owilson05
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