John Pitera's Market Laboratory Message Board

STOCKTALK

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (18650)

1/27/2017 3:23:03 PM

From: John Pitera

Read Replies (1) of 33421

a few thoughts on stockcharts.... and geometric vs. Arithmetic returns

To: robert b furman who wrote (25247)	1/27/2017 3:21:13 PM
From: John P	of 25253

Hi Bob, I understand about not being an early adopter on some occasions. I would agree with you about the cost effectiveness of the Interactive Brokers platform. I guess I was more interested in why you were not using stockcharts as so many people on SI seem to use it as one of their charting tools and Stockcharts has improved to where the ability to look at at a massive amount of features and functionality........ When we do a bunch of annotations of Fibonacci retrenchments, projections, put trend lines and make other observations on a chart or series of charts they are then saved and that is great to have. they have interesting tools like the Relative Rotation Graph where you can adjust the time frame from a day to 30 weeks. Here is a Global Market Key Driver List use stockcharts also lets do seasonality studys.. which is very new as an additional tool. and do stuff like see what the marketcarpet looks like and things like figure out which silver mining stocks are performing well when I was very bullish on Gold and silver in as we got into November of 2015. Message 30449926 Message 30549938 I am not here to sell people on stockcharts........ it's a very impressive tool. you can use their preset scans or build custom scans that can be quite sophisticated. Tradestation has an insane amount of charting functionality, coupled with the ability to do very advance multi stage orders with One cancels the other... multiple limit buys and sells and the easy language to develop trading systems using data mining, Monte carlo simulation (which based takes a system say a 5 and 21 day exponential crossover buy and sell system, and look at the last 10 years... and cut up the market action into smaller intervals and shuffle them like a deck of cards and it shows what the net returns are under different market conditions). that is part of what the Key difference of Geometric vs. Arithmetic returns are.. which are essential to how much money you end up with. If you take your capital and have a 15 % loss in year one and a 20% loss in year 2; you then need to *make much larger rates of return* to get back to a 15 % annual return over 10 years, as contrasted with making 15% and then 20% on the compounded 1st year net sum and you need to make SUBSTANTIALLY smaller subsequent annual returns to achieve a 15% return over the 10 years. ok.... well enough said on this for now. JP

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