any one has experience with Dr.Alexander Elder online investing

https://www.spiketrade.com/index.php

Please, kindly share your experience with Dr.Alexander Elder online investing.
It is worth the time and subscription ?

Thanks
Kumar :sunglasses:

I like the Spiker idea where they have 20 members who have demonstrated positive performance submit their picks without paying. I think this may be an interesting idea for P123 as well. Have folks submit their best 5 picks for the month and we can track and create a universe from the successful users to run ranking models on. Thoughts?

mmasand,

We are in p123 using fundamentals; fundamental won’t change very frequently.
already we are good with annual stock picks.

quarterly stock pick will be good option at least holding period 3 months; align with mutual fund reporting every 3 quarters.
Less than 3 months holding is not an investment, Less than 10 current holdings also not an investment.

but the spiker holding period is just 1 week and 1 stock using technical and divergence. not sure how the people invest with 100’s of K using this
1 week holding.

Thanks
Kumar :sunglasses:

Generally the concept with 1 week holding (I do this) is to take small positions in relation to your total capital. You hold reserves to manage drawdown but recycle your capital to generate higher returns. I trade large cap stocks for 2% gains using mean reversion strategy with 5% stop losses and generate ~10% annual return with smooth equity curve.

[size=4]Humbug.[/size]

Do you have any more detail on this strategy in terms of max drawdown, etc. I have found with even large cap models, that high turnover eats up performance in transaction cost. Also, some of your designer models appear to be high turnover large cap, but don’t seem to match your quoted performance numbers of 10% annual with a smooth curve. Are these different somehow? Thanks.

I have not revised my designer models since launch as there is not much interest. Here’s a snapshot of what I am trading using a book of 3 strategies picking up large cap stocks from DJ, NAS100 and SP500 mean reversion. I create a watchlist and manually time my entries during the day around opening range and floor pivot levels to eliminate slippage and use bracket orders for my exits. It is more active but I do not mind watching the screen for good entry points.


Very interesting. Thanks for sharing. Can I ask, if this is long only, and about how many positions you have on here at a time? Thanks again.

Yes long only. Typically there are 4 to 5 positions but can go up to 15 positions (happened on Dec 24) when markets take a dive. I commit up to 10% of my capital, risk maximum of 0.5% capital on each trade using stop loss orders. Obviously there is gap risk that I am exposed to on these trades and can lose more than 2-3% if the stock gaps down by 20-30% (unlikely, but not impossible).

Is this model driven mostly by ranking or buy sell rules. Again, very interesting especially since this is large cap baesed.

Rank stocks based on fundamental and technical factors but buy rules to enter when they go oversold but maintain their relative rank in the top percentile