About
My Blog
The
aim
of my www.StockMarketStudent.com blog is to
share my
ongoing research and thoughts with the general public as I develop my
next
trading system, taking advantage of the knowledge gained from the
latest market
turbulence. This next trading system will be based on U.S. stocks
only.
Once fully developed and backtested I plan on deploying my hard
earned
savings and will report the real trading results as they unfold.
I am starting this exercise with a clean slate. I don't have a
trading
system in mind and have not even begun to develop one. So
my posts
will simply be my current thoughts as they may apply to my future
system.
In all likelihood I will stumble along the way more than once before
hopefully
succeeding in my quest. I will consider this exercise a success
if:
- I
manage to develop a system that trades a basket of stocks starting with
$100K;
- the
system has low drawdown (less than 20%);
- the
system has sufficient profit per trade so that slippage and commission
are a non-factor;
- annual
performace is much better than a typical basket of mutual funds.
Otherwise what is the point to going to this effort?
I do
make
an effort to make this blog as general as possible for the general
audience so
that everyone can follow along. But if you want to develop a
similar
trading system then you will need to get a subscription to www.portfolio123.com.
I highly recommend
Portfolio123 as a professional platform for stock trading.
Portfolio123 has both fundamental and technical analysis data for U.S.
stocks
dating back to 2001. All data is maintained at the website so you
don't
have to worry about spending hours every week downloading current data
and finding
bad quotes.
Portfolio123 takes pride in maintaining a historical database that is
essentially void of historical bias, survivorship issues, etc.
The only
negative comment I have regarding the service is that the database only
goes
back 7 years. They are working on getting additional 10 years of
back
data but have been promising this for some time.
By the way I don't earn a single cent from making this
endorsement.
Portfolio123 is such a good website I just have to spread the word.