Dale,
I think your idea of creating performance tracking for the traders here on B.K. is the best I've seen on any thread in quite a while. This gives the viewing public an undisputable report card of each of the participants abilities to prognosticate turning points in the market, and more importantly, willingness and ability to act on their indicators/intuitions.
I believe your performance report has potential to become one of the most highly read bits of information on S.I. as more people become aware that they must understand the general direction of the market to properly time their entry on any trade/investment they make. And I'm confident you've chosen the correct thread to operate and display your report on, as B.K. has now become, hands down, the ultimate thread for general market analysis.
When I read the thread now, I'm overwhelmed daily by the quality of information and analysis that is posted here. We are truly blessed on B.K. by a terrific array of talent and experience. Readers and participants here are finally starting to reap the promise of the rewards from the power of the web that we knew long ago would finally come. I'm very excited to be able to participate/contribute in a small way, and value each contributors posts.
Please enter me in your tracking report. I would like to go short the SPX at 1096 when it is touched in the morning.
I'd also like to make a suggestion to improve the structure of "The B.K. Trading Report" that I believe will become a big issue in the next 2 months. The way you've set it up is perfect in rewarding points to traders for percentage move played. But I think you might want to consider expanding the scale so that the trader who captures a greater percentage move than 2% is rewarded a commensurate # of points. So, If a trader goes long with you here in the 1070 area, and maintains a bullish stance/position through, say, 1150, and captures a 7.5% move before stepping aside, why not reward that trader with 7 points, instead of capping the maximum number of points awarded to 2? It will be just as easy to track this, because you calculate the percentage move from where the trader entered the position, then exited, anyway..right?
So what I'm suggesting is extending the scale you've already established so that it looks something like this:
1 to 1.999% = 1 pt.
2 to 2.999% = 2 pts.
3 to 3.999% = 3 pts.
4 to 4.999% = 4 pts. ....and so on.
I believe making this minor adjustment will help the report to more accurately reflect and reward the trader's effectiveness in maintaining a bullish/bearish position in a strongly trending market.
Thanks again for your creativity in establishing this report.
David |
