What do you think of MrM's system

[jamiew]

What does every body think of MrMarkets trading system? Not as a system that gives consecutive wins, but as a system that gives largest possible wins using the smallest possible time (annual NET %)

MrMarket boast consecutive wins, but I’m interested in making money, loosing is fine as long as you have a good stop loss, you cut your losses short and let you winnings run.

So who uses this system and what does everyone think?

[billyjoe]

jamiew,
You seem to be under the assumption that we follow Mr. Market blindly , buying every stock he picks. That is not the case. Mr.Market's system was developed by him to meet his requirements and financial goals. We're all individuals here working on our own ideas with help from each other. Sure , most of us have bought a pick or two that Mr.Market has suggested and sometimes we've bought before he picked them. We're all looking for positive results , but doing it in slightly and often radically different ways. You've got to determine what's best in your situation. Some here buy and sell 1000's of shares at a time, others maybe 5 - 10 shares and everthing in between. There's great knowledge available at this forum. Study the posts for a while and you'll figure out who's for real. Notice that Mr. Market doesn't dominate the threads. Sometimes we'd like more feedback from him. While he tolerates everyone he never criticizes the work of others. The attackers you'll notice dominating other boards don't hang around this site for long. That's the best thing about Mr. Market's forum.
----------billyjoe

[Rob]

Billyjoe

Well put, Billyjoe. Hear! Hear!

[skiracer]

Well put, Billyjoe. Hear! Hear!

You're my hero Billyjoe. And we do have a tendency to separate the wheat from the chaff.

[jamiew]

jamiew,
The attackers you'll notice dominating other boards don't hang around this site for long. That's the best thing about Mr. Market's forum.
----------billyjoe

I think you may have got me wrong; it wasn’t an attack at his system, merely a question of who uses it and how good is it?

I think I may have got an honest answer

jamiew,
Sure, most of us have bought a pick or two that Mr.Market has suggested and sometimes we've bought before he picked them
----------billyjoe

So you don’t rely on his system very much, however sometimes your picks are the same (showing that his system can pick some good movers?)

Sorry if my question came out like an attack, I’m just trying to collate as many peoples systems as I can and compare them in public. I too use my set of systems, but am more interested in AI.

It would be good to here from some one that did rely on his system solely, so I could here the other side of the argument. Maybe there are people out there that swear blindly by MrMarkets trading system?

Am I right in saying the system is based on consecutive wins rather that profit though? (not an attack but a civilised question).

I have actually been going through the post, trying to get to the bottom of other peoples systems, however it is all to often in life that the people who shout the loudest have the least to say, and those with good techniques keep it to there selves. Anyway I’m just after honest feed back of his system (good or bad, either way).

[jamiew]

You're my hero Billyjoe. And we do have a tendency to separate the wheat from the chaff.

I don’t really mean to insult Rob or skiracer, but did you use to back the bully at school so you didn’t get hit?

Dear god, Im not after a fight just a civil discussion of techniques.

If you do have any input on his techniques, or if haven’t really studied it, or even if you find your techniques alone seem to work well for you, it would be good to know.

I cant believe nobody on this forum has tried MrMarkets techniques out yet.
If they have what did they think?

[Lyehopper]

I don’t really mean to insult Rob or skiracer, but did you used back the bully at school so you didn’t get hit?

Dear god, Im not after a fight just a civil discussion of techniques.

If you do have any input on his techniques, or if haven’t really studied it, or even if you find your techniques alone seem to work well for you, it would be good to know.

I cant believe nobody on this forum has tried MrMarkets techniques out yet.
If they have what did they think?

Skiracer was the damned bully.... I was the one who backed him up.

Now give me your freakin' lunch money or else!

[jamiew]

Sorry I’ve eaten my lunch already, I can leave you a processed deposit if you like.

[The Stock Girl]

Sorry I’ve eaten my lunch already, I can leave you a processed deposit if you like.

I expect that you will do just that. do you have anything of use for us here?. or just a pile of processed deposits of your earlier digested lunch.

[jamiew]

Hmm, not the most friendly site I’ve come across so far.

Sorry, i was just researching. I’m Clearly of of no use to you stock girl, i was hopeing at least one person might be a little helpful, but not to worry.

I’m an academic, I’m look at Neural network models for predicting the stock market. I’m also comparing them to trader’s techniques, and i thought this one might be a good comparison. I just wanted a little bit of feed back.

I think its always good to do a bit of home work that’s all I was trying to do.

Oh and I did offer a history stock downloader for free if you check my earlier post.

Sorry, if I’ve offended anyone

[diogenes]

I would not let the rough exterior bother you, but this, in my experience, is not the most quantitively minded group.
Have you looked at Nuclear Phynance?

http://www.nuclearphynance.com/default.aspx

Edit: Also, the Mechanical Investing Forum at Motley Fool might have something of interest in the archives.

[skiracer]

Hmm, not the most friendly site I’ve come across so far.

Sorry, i was just researching. I’m Clearly of of no use to you stock girl, i was hopeing at least one person might be a little helpful, but not to worry.

I’m an academic, I’m look at Neural network models for predicting the stock market. I’m also comparing them to trader’s techniques, and i thought this one might be a good comparison. I just wanted a little bit of feed back.

I think its always good to do a bit of home work that’s all I was trying to do.

Oh and I did offer a history stock downloader for free if you check my earlier post.

Sorry, if I’ve offended anyone

I think that we're just having some fun with you. MM has his own strategy that is fully explained in detail on his home thread and will bring you up to date on how he does his scans and his discipline. Billyjoe hit it right on the head. MM runs this site for us to use at our discretion an in between posts his thoughts an every few weeks puts up the scan results. We talk about the stocks in the scan for a few days and then he makes his pick which he says he will sell in 6 wks. at a 16% profit. He explains the selection in an article worth reading as it explains why he chose this one. He doesn't tout them or recommend them in anyway. Those that play them will testify to that. There are plenty of people here who have made alot of money on his picks. There are a few losers but those are far outnumbered by the winners. There is one thing that proves your mettle around here. Place a pick in the Portfolio of the Week game that we play amongst ourselves. When you win a few times it will speak for itself about your abilities. You won't meet a nicer bunch of traders with with a decent amount of sophistication in their picks an analysis. Make sure you make a pick on Monday. Portfolio of the Week thread an it will give you a full explanation of the guidelines and how Rob runs it.

[Lyehopper]

Hmm, not the most friendly site I’ve come across so far.

Sorry, i was just researching. I’m Clearly of of no use to you stock girl, i was hopeing at least one person might be a little helpful, but not to worry.

I’m an academic, I’m look at Neural network models for predicting the stock market. I’m also comparing them to trader’s techniques, and i thought this one might be a good comparison. I just wanted a little bit of feed back.

I think its always good to do a bit of home work that’s all I was trying to do.

Oh and I did offer a history stock downloader for free if you check my earlier post.

Sorry, if I’ve offended anyone

Your signature gives your true motive away jamiew.... I suspect you are here to spam your forum. You will notice that no one here has deleted your posts or edited them to remove any links.... because we just don't do that and we have seen a ton of spam come thru here and we just don't really care....

But just in case I'm wrong and you really want to offer something worthwhile to our forum.... We welcome you!

A good way to show you have pure motives is to join us in our weekly stock picking contest. It can be found on BillyJoe's POTW (portfolio of the week) thread. The rules can be found at the bottom of any of Rob's posts.

[jamiew]

Ahh, it was all probably my lack of communication skills and crossed wires.

Thanks for the link diogenes, I had a look around its something I might come back to. Right now I’m looking for a comparative approach from the human side. "The private Investor" - for what of a better phrase. Just to compare non ANN (human) techniques to the ANN techniques.

MrMarkets approach is a good example for me as the model is explicit. Game theoy is another good example that I’ve come across before on that link, thanks.

I’m not really looking for systems that win, but what people believe in (its not always the same thing). I was just interested to here what peoples opinions were of this system and if the consensus was that people had faith in this technique.

The fact that this strategy is fully explained on his home thread is another good reason for me to study it.

I was just hoping there was a community of people here that used this strategy, how ever I think I might be out of luck. It sounds like quite a fun community anyway, its a good idea.. Its sounds rather like portfolio sharing (stocktrackr).

I’m far to busy to compete at the moment, I’m sure you would all beat me hands down, but maybe one day ill get back to you on that one.

If there is anyone that uses this system please can you PM or email me. Thanks. I think the person I would like to talk to the most is Mr market However he seems to be far to busy probably making money.

Good luck all.

[jamiew]

Sorry, your right I am being a complete parasite here, mainly because I wanted information, but you're right, having links in my signature is spamming, so I‘ve taken them off. My main motive is to find out info on peoples attitude towards this technique, so I can talk a bit about it on a forum and hopefully it will be thesis fodder. -gosh im getting grilled in here

Anyway I have no "pure" good motives, but I may take you up on this offer in a few months don’t laugh at me if I fail miserably, I’m still in early phases of Neural net training and don’t expect it to work at first.