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<SPAN
class=021285820-21012001>John, thanks for the excellent description of your
experience with TA. Being a Canadian, the difference between our
respective tax rates is significant. Do you happen to know your pre-tax
annualized returns? Since I use Quicken Home & Business to portfolio
my trades, a click of the performance graph will tell me what annualized returns
a particular account, or stock, is getting over any period. I stress the
importance of the return being annualized, since many calculations report Return
on Investment and ignore the time factor.
<SPAN
class=021285820-21012001>
<SPAN
class=021285820-21012001>It does appear, however, that TA is more than paying
its way for you. As you mention, the key is to be disciplined and to
follow the "system" ... whatever system that is.
<SPAN
class=021285820-21012001>
<SPAN
class=021285820-21012001>Bill
<BLOCKQUOTE dir=ltr
style="BORDER-LEFT: #008000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px">
<FONT face=Tahoma
size=2>-----Original Message-----From:
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of jhmtnSent: Saturday, January 20, 2001 8:48
PMTo: metastock@xxxxxxxxxxxxxSubject: Re:
TradeAdvisor
Bill,
I've used the TradeAdvisor product for 2 years as
one of my methods to choose trades. In 1999, the TA product
returned 114% after taxes and more than paid for itself. When the
stronly trending market of late 1999/early 2000 topped out and went down and
sideways, the product didn't work as well. From April to September the
trades indicated would "dissappear" before the buy/sell targets got hit.
In October, it started calling shorts really well. I haven't tallied up
my 2000 percentage after taxes yet as I haven't yet got the calculation
done. But, I estimate that the return from the product's trades was only
about 30% or so after taxes for 2000.
The product only seems to work well in a strongly
trending market either up or down. In congested sideways, choppy markets
the product does not do well. Another consideration is that the product
is set up to get the cream of a price movement. This can be
frustrating as you watch the long first leg setup for the Wave 2
retracement. And then, the product will give the "potential"
buy/sell signal that has an entry about 3/8ths the retracement of Wave
2. It becomes agonizing not to place a trade as one watches prices
rise or fall to the buy/sell point, but if you can withstand the temptation to
jump in early, then the trades work. Those I couln't resist temptation
on and jumped in early only worked about 1/3rd of the time and the othe 2/3rds
were losers.
Bottom line, the product needs a solid trending
market to give valid signals and one has to follow its guidelines in
placing the trades. If you do that, then at least you won't loose money
on the trades or the loses will be limited.
Hope this helps ! ........... John
p.s.: One other nasty feature: The trailing stop
is well placed for about 1/2 of the trades. For the other 1/2 of the
trades, you'll get stopped out early and need to re-enter the trade although
Trade Advisor counsils against this. j.
<BLOCKQUOTE dir=ltr
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Bill
Irwin
To: <A
href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx
Sent: Saturday, January 20, 2001 4:08
PM
Subject: RE: TradeAdvisor
<SPAN
class=607560722-20012001>What annualized rate of return do you achieve from
its trades?
<BLOCKQUOTE
style="BORDER-LEFT: #008000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px">
<FONT face=Tahoma
size=2>-----Original Message-----From: <A
href="mailto:owner-metastock@xxxxxxxxxxxxx";>owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Claud
BaruchSent: Saturday, January 20, 2001 11:01 AMTo:
<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxxSubject:
Re: TradeAdvisorRichard,
I've used it for 2 years and I like it. It makes money for me....which
is the bottom line. Claud
Richard Bone wrote:
Has anyone used TradeAdvisor from
Stelar ? Does it
worK? It is worth the
$999 purchase price? <FONT
face=Arial>Richard
Bone
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