April 10, 2008
Ideas Too Good to Give Away
I’m going to quit with the cheap come-on posts of late because 1) the ideas are too good to give away, and 2) they don’t seem to be inspiring anyone to subscribe. It turns out that on the Internet, he who gives does not necessarily receive. :-)
Seriously, the set-up in CF was not crappy. Around a 23% move (2.5R) in a week or so isn’t too shabby.
And the short set-up in NYX for Wednesday (”exchange” $20 with me, get it?) broke so hard that the initial protective stop should already be moved to breakeven, making this trade a scratch at worst.
Cat: | Time: 9:47 am (utc+8)
April 10th, 2008 at 12:38 pm
I think all you need to do is post the Return on Investment numbers at the end of each month, or perhaps a running total end of each week (like a TGIF post). If the numbers are good, people will automatically be motivated to subscribe.
April 10th, 2008 at 12:44 pm
The CF trade was (is?) a great one. When it reaches the target zone so quickly, do you consider letting it run?
April 10th, 2008 at 2:28 pm
@Lawrence: The thing is the returns are so different depending on how you manage the trades. For bookkeeping purposes I’m experimenting now with Plan A (stay at Initial Protective Stop till Target Zone is reached) versus Plan B (to BE at 1x then sit till Target Zone is reached) versus Plan C (the old ABC Method). One subscriber is using options with these ideas and told me he’s up 932% to date. :-) If I were a Gorilla or a self-styled “Independent Strategist and Consultant”/Single Mom hawking my service, I’d definitely tout his results!
@Chris: It ain’t stopped out yet so it’s still an *is* not a *was.* But your question gets right to Lawrence’s comment, which is, some folks at this point might just say heck with it, I’m gonna let this go and forget about it — and how do you account for that? Personally I’d say take the money and run (by trailing a stop), but that’s me and everyone’s different.
April 11th, 2008 at 12:06 am
Possibly one of your 12 daily readers, and not a subscriber to the chairman trade ideas.
Only reason is I don’t have the account balance to take advantage of all the trades involved. Not that I couldn’t use the guidance.
April 11th, 2008 at 10:47 pm
Dan: You don’t have to trade the ideas to make use of them … I think it’s just good to study them, but of course you can do that with the annotated chart book which I keep on promising to produce (and keep on getting delayed in producing). Never fear, I’ll lock myself away from family, friends, and colleagues for a half a day and kick it out.
April 13th, 2008 at 8:08 am
Lawrence: It is impossible for the Chairman to post “Return on Investment” because he uses “R”. The amount of capital used is not the same for each trade, and therefore, the amount of capital required to make all the trades each month can vary by A LOT.
April 13th, 2008 at 2:04 pm
I am sure the Chairman has more than 12 daily readers.
April 14th, 2008 at 10:47 pm
To The Piker:
I guess return information can be posted in units of R if he wants to do it. For example:
March 2008: + 4.84R (mixed + trend trades)
April 2008: +11.35R (mixed + trend trades)
Assumptions: 1) Both using ABC Stop Method, 2) Do not take countertrend trades.