Replies to post #17384 on Strategy Central

[kenwong]

Fast Eddie: re Blasher, Collective2 systems

Hi FE,

Good to hear from you and still keeping an eye out like yourself. Blasher could be good but Collective2's independent reporting system makes a huge difference in credibility - fudging and mis-representation of actual performance is impossible. With that said, I've added links to the following 3 C2 systems to my website ( http://tinyurl.com/3255et ).

MVP ... http://tinyurl.com/372htb
*cost $45/mo, but only if system makes a profit
Main QQQQ ... http://tinyurl.com/36297s
*cost $85/mo
Spy Options ... http://tinyurl.com/33mj7p
*cost $35/mo, free trial period of 14 days

One thing I like about these systems is that they're all reasonably priced (Main QQQQ is kind of pushing it though). I figure if a system is really making money, the creator should be making more money from trading the system itself - and not have to gouge subscribers to make money.

I agree with you regarding the large drawdowns. I don't think any of these systems consider support & resistence. Might be possible to use them with limit order entries based on SRs. That would soften the drawdowns. Might miss a few trades but could also be offset with the better entries on those trades that do execute when the limits are triggered.

Here's how these 3 systems stand as of today ...





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Posted by: fast_eddie
In reply to: kenwong who wrote msg# 17378
Date:3/20/2008 8:54:01 AM
Post #17384 of 17384

Ken, it has been a while...

I've been following Main QQQQ also as it looks interesting. A couple disturbing points...1) rather large drawdowns during the reported trades, 2)the reported trades were relatively short term, a couple days, then the last reported trade was almost a month. No way to tell how long the currect trade is without subscribing.

I've been following Blasher's system from this link

http://stocksdoc.com/MoneyMachine/

with moderate success. It requires that you stay on top of things pretty closely while trades are open. You can also run across his posts at the Spy Technical Analysis iHub board.

Good luck.

Fast Eddie

[mr_cassandra]

re blashers results. A rough tally. I only took the results he shows posted at his site for 2008 and 2007. I know nothing of his systems but have seen and talked to him over the years. I have no documentation for the below except what his website says.

based on his website tradelist, if one had started with 10,000 and rolled it one trade to the next win or lose,
the current total, not accounting for taxes or commissions

would be 36 trillion dollars. (some not possible as they are multiple trades in one day)

I understand in advance that you can't move this kind of money in options and get good fills but thats what it comes out to.

[John French]

FE, I'm surprised that you say "moderate success" as the published results look stellar (but of course reality bites!). Are there big issues with slippage, bad fills, not getting the open price etc?

I would also be interested in knowing how much attention it requires on an intra-day basis. Does one have to really be alert and ready throughout the day?

Any additional comments are welcome.

Thanks

John