Replies to post #445 on Systematic Investing Group (SIG)

[Myst]

Hey leap.......

have you ever visited http://www.wealth-lab.com/ and fooled around with any of the systems there?

[Capitalist]

LOL, your concerns are all totally valid, but you DID miss the point though.

I specifically designed Milestone for extremely short term trading in volatile low priced stocks. The ultimate goal would be to go in and out of a stock several times per day, scalping just a few dollars each time. (It doesn't actually do that yet; I still need to modify the program.)

The order size is meant to be as SMALL as possible, not as large as possible, so I would never use it with a minimum order size of $10,000. Even $300 is way too much; it needs to be closer to $50 or $100.

The program can only be used in conjunction with a broker that charges low or NO commissions, like Freetrade.

The stocks chosen should be those that have at least some potential for growth in the future though, because once a position is started, Milestone never sells more than 1/2 the shares in the position. This keeps the user in the position, to some degree, at all times.

Hope this helps!

Cap

[Capitalist]

I AM sitting at the screen all day, lol. I'm a trader. It's my job.

[lostcowboy]

Hi Leap, you did get the part, about no money being invested until the stock starts going back up? Also, as with any system if the amount gets to be to large for your tastes, just adjust it to fit. Any system should be considered as advice and not written in concrete.