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Inspired by the many stories in "Stock Market Wizards"
Before I get into the details on how I was able to accomplish this, let me preface the details by saying I was able to accelerate my gains with stock options. If you are not familiar with stock options and the opportunities and risks they present I would recommend that you first become familiar and comfortable with stock trading before exploring the volatile world of options.
With that being said, here is how I did it. From June 22, 2007 to September 27, 2007, there were 154 trades made, 106 of them being trades based on our system (68.8%). What were the results? The system trades were profitable 56% of the time with an average return of 199.7%. What about trades outside of the system? The non-system trades were profitable about 15% of the time with an average return of 134%. This well illustrates how important it is to have a stock picking system that has been proven to work over time whether the overall market is up or down.
Now why were there non-system trades to begin with during this time period you may ask if the system works so well? |