The secret behind the system

"The biggest secret about success is that there isn't any big secret about it, or if there is, then it's a secret from me, too. The idea of searching for some secret for trading success misses the point." Ed Seykota

So many of you are asking what is the secret of the system which makes market calls. There is absolutely no secret. It is based on several public domain systems. It basically uses a statistical tendency of mean reversion. Many systems like this have been discussed at various forums. You can find similar systems being sold as black boxes by several vendors.
If you want to put a similar system together here are some resources where you should find all that you need to build your own system like this.

Trading Blox: There is a forum on this site where you will find lot of discussion about such systems. Even more useful is under the 'Help and Support' find the Trading Blox users guide It has examples of trading systems. I picked up the central idea for the indexes system from those trading systems. I do not use that software and have not tried it so I have no opinion about it.

Chuck LeBeau's System Traders Forum: There are lot of good systems on this forum but there is lot of junk also. If you can separate the good from bad you will find some very profitable ideas.

That was the starting point for me in developing the Index Price Direction Projection system. I added some more spice and few bells and whistles to it to reduce the number of signals. The system like any short term system can outperform the market for long duration and then go in to disastrous performance for some periods.
So now that's a free meal for lifetime. A weekends worth of work can get you a profitable system. What more you can also sell it as a fancy black box and there is no lack of sheeps who will buy it from you if you are good salesman.

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

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