so how have you done so far in '04
Here are some numbers on what Channel_Players have done in the just over 11 weeks so far of 2004. Remember that through the spreadsheet systems these stocks have shown that they are safe, consistant trading players. Of course there will be loss days, but overall these stocks are hitting the set profit number 70-75% of the time. That is trading each stock everyday, buying at the close & selling the next day at either the set goal or at the close
(There are 2 minor exceptions to this:
1)If the stock that did not hit goal is closing very close to the day before buy price. If so it is carried over into the next day. But for these calculations that is not taken into consideration & the sell is at the close.
2) If the stock is up in pre-market more than the standard sell target, the sell is moved up a little, thereforte giving more profit. This was done today on the #1 Channel_Player, which opened up +5%, when the standard sell goal is +2.62%.
The extra profit in a situation like this is NOT part of the following numbers.)
Assume that a person starts with $10,000 to use per Channel_Player stock trade. Take only the top 4 Channel_Players as daily trades. All profits are rolled into the next days trade on the same stock. Each stock is marginable & the amount of stock purchased is double the cash used. Each stock has an optimum percent profit goal and the 4 top channel-Players range from 2.6% to 2.88
Using just the 4 top Channel_Players
#1 $10,000= $28,211 +182.1%
#2 $10,000= $19,653 +96.5%
#3 $10,000= $18,334 +83.3%
#4 $10,000= $28,992 +189.9%
Therefore using the 4 top Channel_Players only, trading them daily, buying at the close and setting the sell goal at the specified optimum number. If the stock did not hit that number on the day, selling the stock at the close at whatever the price is. This will then be either a smaller gain, out even, or a loss. The above numbers even take into account round trip commission of $22.00 being taken out per trade (using Ameritrade's limit order commission rate as a middle ground number).
$40,000 used is now = to $95,190, a gain of $55,190. or a total +140%
...so again, how does this compare to your current numbers for 2004.
