Replies to post #28989 on A.I.M. Users Bulletin Board (AIMUSERS)

[lionhead0]

Hi Ken,

The system I use is simple with only 4 inputs; some ma's, one indicator, the retracement/extension ruler, and the LRS. I think I read somewhere that humans can only deal with 7-9 inputs at one time. 4 works for me fine. I NEVER use stop loss orders in any trading/investing situation. That's like revealing your hand to your opponents in poker. When I'm ready to exit, I just do so without hesitation. I've found my trades either go as planned, or go to blazes in a hurry and that's where I exit to cut losses. No if's, and's, or but's...

Using a trend following system in this market is going to have many whipsaws on a short term basis. So, my discretionary method is based on looking for set ups and squeezes. If I don't see what I what, I don't trade. The "train" is always running, so another one will pass soon. ;)

AIM should be used in both up and down markets, I don't consider it a long only method. JMHO.

Best, Tim

[AIMster]

I once dabbled with the Nirvanna System years ago

Ah yes, the ultimate holy grail quest for a self-tuning system. I'm still on their mailing list. Like you I didn't find the results of their system so stellar as to be worth the $$$$ they charge. I suppose it may have more of a fighting chance if married to a better management system like AIM, but since AIM only costs a paltry $6.99 for a new copy of the book and likely less for a used copy, and will manage the risk part for you, why spend the beaucoup bucks for all those fancy red and green arrows that end up being so much "eye candy?" I've often wondered how much money do the people who create these systems, especially ones that you have to keep buying into either through massive updates or worse a monthly subscription for a proprietary data feed actually make by actually using their system, or do they make their real money in selling these to the public and keeping them "hooked" on it as long as possible?

Best,

AIMster