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A Daytrading System for Trading QQQ

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Last Post: 10/11/2008 4:13:52 AM - Followers: 10 - Board type: Premium - Posts Today: 0

For the last few years I have been working on creating a system that will give reliable and consistent "BUY/SELL/SHORT" signals for daytrading. As we all know, daytrading is considered by many, the fastest way to make a small fortune out of a big fortune. I therefore wanted to create a system which will help belie that maxim. I believe, that I have, just such a system. Since my system is most reliable and consistent trading a very liquid security, I have found that trading the NASDAQ 100 TRUST (AMEX:QQQ), generated the best money making signals. Hence the system's name: FortuneQ™. I do not claim that FortuneQ™ always gives a money making signal. But I do believe that if, a FortuneQ™ trade goes the wrong way, it will consistently generate a signal to close that trade with a minimum loss and thus help preserve a trader’s most important asset, his/her Capital. Also, in many instances, on a FortuneQ™ signal yielding positive result, it may give a signal to close a money making trade prematurely and thus leave a lot of potential profits on the table. The reason for this is that FortuneQ™ was designed to err on the side of caution and help keep a trader’s greed, in check. The best thing I can say about FortuneQ™ is that, since it is a mechanical system, it will help keep a daytrader's worst enemy, the emotional attachment to a trade, out of the trading equation. To help prove FortuneQ™ as a Reliable and Consistent system in making money for daytraders , I will post, real-time BUY/SELL signals generated by it, daily on this thread. Here is a primer on how I will post my BUY/SELL signals: a) Since FortuneQ™ needs the markets to settle down in the morning before it can generate a reliable money making signal, I will therefore post the first FortuneQ™ signal of the day after the first ninety minutes of trading. b) To help simplify the tracking of the daily profits or (losses) from trading QQQ with FortuneQ™, all trades will be in a 1000 share block. c) To maximize profits and minimize losses, it is imperative that I keep the brokerage commission(s) as low as possible. Since there are a few brokerage houses that offer trades for about $10, I will subract 2¢/ share from all profitable trades or add 2¢/share to all losing trades. (Brokerage commission: $10/1000 share block = 1¢ * 2 trades for each roundtrip trade = 2¢) d) FortuneQ™ generates trading signals both on the long side and also on the short side. e) Every day, FortuneQ™ generates between 1 and 4 roundtrip trading signal(s) and on very rare occasions, it may not generate any signal. FortuneQ™ system favors quality over quantity and tries to give a buy/sell signal only when such a trade has the best potential of generating a profit. f) Any trade(s) initiated by FortuneQ™MUST be closed that same day. No trade(s) can be carried over to the next trading day. No Exceptions! Since the only way to prove the reliability and consistency of a trading system to make money is by putting it to the test in a real-time trading environment, I will do just that with FortuneQ™ starting on September 10th. 2001. So let’s see if FortuneQ™ brings me applause or egg on my face!?! :-) OK FortuneQ™, it is time to strut your stuff... Profitable Trading to All, contax Disclaimer: This thread is only involved in an educational activity. As the originator of this message board, any information that I post here should not be construed, in any way, shape or form, as investment advice. I am NOT registered in any jurisdiction of the world as a securities broker, dealer or investment advisor. ANY and ALL material presented here is intended for general informational purpose only and should NOT be construed whatsoever as recommendations to buy or sell a stock at any time. A qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, should be consulted prior to the purchase or sale of any investment. I am NOT responsible to any person or company, for any losses, damages, costs or expenses (including, but not limited to, loss of profits, loss of use, direct, indirect, incidental or consequential damages) resulting from any errors in, omissions of or alterations to the information contained herein. I not responsible for any loss or damage whatsoever, whether incidental, special, indirect or consequential, in connection with, caused by or arising from any use of or reliance on the information contained herein.
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#179   Just found this in doing a QQQ search MinnieM 10/11/08 04:13:52 AM
#177   merry xmas. started decorating the house today. ImakeMONEY 11/30/02 01:07:23 PM
#176   Just thought I would check in here and ImakeMONEY 10/27/02 04:28:04 PM
#175   do these work? was-cactus 03/14/02 11:09:50 AM
#174   Hey Contax! Whassappening? I am still waiting to bbgold 11/04/01 11:00:30 PM
#173   Contax, Hope you have not given up. I bosqueboy 10/19/01 02:54:51 PM
#172   Hi contax, I'm still waiting for your update :-) Bernard Ng 10/19/01 12:46:30 AM
#171   Hang tough, we all have losing days. Try leekramer 10/12/01 04:07:45 PM
#170   Summary of Wednesday's Trading: Options2Wealth 10/12/01 10:42:51 AM
#169   CLOSE @ $34.70 Options2Wealth 10/12/01 10:40:34 AM
#168   Short @ $33.84 Options2Wealth 10/11/01 11:52:12 AM
#167   Close @ $33.84 Options2Wealth 10/11/01 11:50:18 AM
#166   Long @ $33.96 Options2Wealth 10/11/01 11:23:51 AM
#165   Summary of Wednesday's Trading: Options2Wealth 10/11/01 11:13:54 AM
#164   Close @ $31.88 Options2Wealth 10/10/01 12:41:14 PM
#163   Long @ $31.75 Options2Wealth 10/10/01 12:12:25 PM
#162   Summary of Tuesday's Trading: Options2Wealth 10/10/01 10:52:33 AM
#161   Close @ $31.04 Options2Wealth 10/09/01 03:57:30 PM
#160   Long @ $31.17 Options2Wealth 10/09/01 03:24:04 PM
#159   Cover @ $31.24 Options2Wealth 10/09/01 02:47:25 PM
#158   Short @ $31.20 Options2Wealth 10/09/01 02:14:46 PM
#157   Close @ $31.37 Options2Wealth 10/09/01 01:36:02 PM
#156   Long @ $31.28 Options2Wealth 10/09/01 01:22:39 PM
#155   Close @ $31.63 Options2Wealth 10/09/01 11:07:40 AM
#154   Long @ $31.68 Options2Wealth 10/09/01 10:59:55 AM
#153   Summary of Monday's Trading: Options2Wealth 10/09/01 10:00:26 AM
#152   Close @ $31.81 Options2Wealth 10/08/01 03:54:38 PM
#151   Long @ $31.75 Options2Wealth 10/08/01 03:46:50 PM
#150   Close @ $31.80 Options2Wealth 10/08/01 02:51:44 PM
#149   Long @ $32.05 Options2Wealth 10/08/01 01:23:18 PM
#148   Close @ $31.90 Options2Wealth 10/08/01 01:14:03 PM
#147   Short @ $31.95 Options2Wealth 10/08/01 11:50:06 AM
#146   Thanx for the welcome, muel; and please do Options2Wealth 10/08/01 10:10:21 AM
#145   Thanx Bernard for keeping in touch and monitoring Options2Wealth 10/08/01 10:09:04 AM
#144   Summary for the Third Week Options2Wealth 10/08/01 09:46:12 AM
#143   Summary of Friday's Trading: Options2Wealth 10/08/01 09:38:02 AM
#142   Just found your board, nice! Welcome to Ihub! Ruellit 10/07/01 11:51:26 PM
#141   Hi contax, just to let you know that Bernard Ng 10/07/01 07:40:00 PM
#140   Close @ $31.59 Options2Wealth 10/05/01 03:47:33 PM
#139   Long @ $31.55 Options2Wealth 10/05/01 03:33:05 PM
#138   Nice trade. I'm losing at the moment...but I'll leekramer 10/05/01 02:30:02 PM
#137   Close @ $31.44 Options2Wealth 10/05/01 02:27:18 PM
#136   I shorted the QQQ's a bit before you leekramer 10/05/01 01:43:39 PM
#135   Long @ $31.15 Options2Wealth 10/05/01 01:30:36 PM
#134   Nasdaq-100's Changes Are Shape of Things to Come: xxrayeyes 10/05/01 12:04:45 PM
#133   Close @ 30.88 Options2Wealth 10/05/01 11:52:07 AM
#132   Long @ $31.01 Options2Wealth 10/05/01 11:37:09 AM
#131   Arch and Lee, Options2Wealth 10/05/01 10:48:14 AM
#130   Summary of Thursday's Trading: Options2Wealth 10/05/01 10:40:14 AM
#129   Nice one, enjoying eyeballing this Contax - thanks! Archangel 10/04/01 03:44:47 PM
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