Some blowhard on another site was trying to dis AllAllan's track record this year, the same bullshit about being short against a market that was going up all year. With 682% gains in GFRE and amazing discoveries like this TZA trading system, how dare anyone claim higher ground against what is available here, free of charge, day after day.
Sorry for the rant, but I am proud of my work and no one gets a pass for lying about me just to soothe his aged, wrinkled, bruised ego. You know who you are, chief.
A
17 comments:
I agree, great job Allan. I have trouble establishing my exit levels on TZA and watch my profits evaporate sometimes. Thanks for your generous postings.
Hi Allan,
This TZA System thing....I must have missed the start of it when I was moving cross country back in October.
Did you unveil it with an opening blog explanation like you usually do?
Does TNA come into play...or just TZA?
Is an intro back in the archived area?
Thanks. BTW..rehab of the house up here in NY is going good...anxious to get back to candlestick monitoring.
-Mike
mike:
only because i like you am i doing this.
at the end of this comment is a link to the original system post. but if i were not such a kind and generous soul, you could have noted that the first trade was november 10, 2009 and figured that around that time was an intro post. so, going back to about that date in my archive and nosing around a bit you would have discovered not only the original system post, but the original sophomoric label attached to it. maybe we need a new name? the obama traders relief act_ion system?
pretty, pretty, cool:
http://allallan.blogspot.com/2009/11/menage-trois-trading-system.html
a
you're the best.
now that I'm back in Sabres territory...we'll have to catch that #13 at either the Buffalo or Detroit arena.
On me...whenever. Name the date.
-Mike
btw...I'm usually pretty good at doing the archive thing...but the dust accumulation from this Circa 1900 home that I'm rehabbing has been getting the best of me lately.
-Mike
Allan, what is Neely and Prechter's view on this rally ???
Allan,
Congrats and thanks for a great blog. I'm pretty sure I read somewhere that great traders are great because of how they trade, not how they predict. That tells us something about these critics.
This reminds me of a former money manager I know. One of the aggravations of being a money manager is constantly having to answer the manic requests of customers. He took one client out of the tech stock bubble a little early, and she fired him. He saved another 3 million dollars by getting her out of tech stocks before the bust, only to have her son in law introduce her to someone who claimed she was wasting her money by putting her into bonds. LOL, she missed the trade of the decade because she fired him. My point is being a blogger must feel a lot like managing the money of the ignorant.
These critics know nothing. They don't read, they don't think, they get their opinions from others. Missing part of this rally is nothing next to losing our hard earned capital. I don't care about trades I don't take, I can't afford to lose. Sure, I might make a bundle fooling with the top of the rally, but then again, I could put it all on red at Vegas too. There is always another trade.
Trading is like hitting a baseball. It's the process that matters, not the short term results. The fact that some ignorant flamers think missing a trade hurts us tells me they don't know anything about trading. They are no different than the fat slobs in the stands who jeer at a baseball great when he strikes out. It is all about the batting average, not a particular at-bat.
This rally is long overdue for a reversal. I hope it doesn't linger as long as the tech stock bubble, but if it does, it doesn't say anything about the process, and that the process is everything to me.
Smiddywesson
Name the date
Michelle.
Allan, what is Neely and Prechter's view on this rally ???
Part of a topping process prior to major move down.
Smiddy:
My point is being a blogger must feel a lot like managing the money of the ignorant.
Actually, I am both.
Most of my managed accounts and longer term hedge fund investors could care less about my forecasts. They have seen mediocre years (as 2009 is turning out to be) followed time and time again by jackpot years. They have an understanding about long term returns that trumps all. I am flattered and honored to be in business with this class of investor.
Likewise, I feel the appreciation of most of my readers for what I am bringing to the table here. Those that can, do, those who can't, sell subscriptions and operate bogus 900 number advisory scams. If I ever try to charge a dime for my blog, shoot me.
Meanwhile, our time is coming, we can't make the market go down, but we can be ready and armed when it does.
A
Yup! How many people remember the tech stock bubble fondly? Maybe 3% of investors? That's the number that followed reasonable advice like your own. Ride the wave in the early stages and get out. It hurts to see the silly monkeys picking the banannas while we bunker, but they eventually get burned playing with late stage bubbles.
Grand supercycles provide all sorts of opportunities as the old economy thrashes in the death throes of how things used to work. Why push it and try to make the most of this trade? Many will follow.
Smiddy
Smiddy
Allan, merci beaucoup mon ange
For those of us paying commissions on a per share basis, trading a higher price stock would make a big difference.
Never doubted you for a min. :-)
Thanks for sharing.
Lucky Luciano
Hi Allan,
First, let me say thanks for sharing your thoughts and trading process with the public. I've been following for a while because of my interest in NNVC, and I am intrigued by your TMZ trading. However, I am confused by your stats. When I spreadsheet my trades, I calculate $ and % returns on a roundtrip basis, i.e. after I close out the position. Your stats table seems to calculate the returns every time there is a trade, regardless of whether you are opening or closing the position. When I plug your trades into my spreadsheet, I get different results. Please understand - I'm not disparaging - I like what you're doing, and I'm just trying to make sure I understand your stats. I would be happy to share my spreadsheet, but I don't know how to attach it to this post. If you'd like to review it, just tell me where to send it. By any measure, yours or mine, your results are still impressive.
Allan,
If I'm not mistaken GFRE has gone through a reverse split and so not 600%. I think someone mentioned it earlier; don't kill the messenger por favor.
Re: GFRE Gain
First time GFRE traded post recommendation was December 15, 2008. 1:4 Reverse split occurred October 10, 2009. High post spilt was $10.00.
You do the math. Let us know your results.
A
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