Ive been with ETF Timer for 2 months, and took all 3 losses. Am i mad ? NO ! why ? because losing is part of the game. If you cannot handle this type of trading, may I recommend that you go see your banker , and put your money in a 5 yrs GIC. STOP WHINNYING !
Good trades are sugar, and bad ones are flour... but if you want to eat the cake, you need the last ingredient: time in the oven. I have just started with this system, but I think Jim has been statiscally inside. Markets are more sensible to the news than before. Go ahead Jim, do not let emotions affect your decisions for the next trade.
Diversify!!! There is enough system here to build a diversify portfolio. I am a REALLY satisfy customer of ETF Timer, and my portfolio is up this month even do ETF timer is down. Plus what can you expect, to run at 65 percent return a year, you need to be able to sustain some drawdown, Otherwise try to build such a sucessfull system, you will see that it is not an easy task.
Obviously there are a few ignorant subscribers. I have been here a couple years and this system is clearly one of the best. If you cant handle a small drawdown you should not trade. Call you mommy!!
I have been a member for over 4 months and have been happy with the programmer. That being said, multiple losing trades in a row is somewhat of a concern and I am curious to see how/if he can make money in a non-trending market. I agree that you have to look at the long-term perspective and how hes done over the past 2 1/2 year, but any more consecutive losing trades and I"m definitely going to have to start questioning following this system moving forward.
Why are you people being so critical of this short term slump. If your playing for the short term you probably should not be in the market anyway. The guy has annualized 66 percent over the last 2 1/2 years and people have the nerve to give him 2 stars for a 2 month slump. How pathetic.
I am a new subscriber and I got the three losing trades in a row, consequently I cannot say I am happy with this system. It is true that markets are in a trading range and its not so easy to trade this kind of patterns. But I noticed that ETF Timer owner is very slow in catching the right trend, apart the fact that he completely wronged the last three. For example, now it is time to go long and it is not clear why staying cash.
Look at all the latest comments, you will realize that trading is not EASY!
People expect a system to catch all those ups and downs and when there is a drawdown they would panic. Drawdowns are inevitable for any systems. Higher returns and higher drawdowns. Jim is doing a great job in handling these periods.
The system metrics show a 15 percent probability of a 10 percent loss. Seems we are in the middle of one. It looks like Jim will tighten the stop loss which is the right thing to do until we get back on track. Not a good idea to change the system due to a slump. In a contrarian sense, I think the market will find a trend now that the crowd declaring a trendless market.
As a newer subscriber so far this has been an extremely disappointing system. Obviously the historical results are impressive, but having joined recently and matching the starting equity...being down well over $10K in short order is brutal. To all those who have gains from the system that are being eaten into, much easier to stomach than it coming straight out of your pocket. The timing of the last 2 trades have been very questionable imo.
The developer has an amazing track record for 2008/2009. But, none of us have any idea what he is doing, other than it is probably trend-based. We had a decline, then a rally of historic proportions. The key question the developer should comment on is: based on his knowledge of the system, how does HE expect the system to perform in a choppy, non-trending market. Seems to me the system is performing poorly at present...) I also think he needs to explain a bit more what he is doing, when the system works, and when it is expected to breakdown, so that we can make informed decisions rather than just "having faith in him".
Generally I like this system ETF Timer. However I think the Signal provider is limiting his System, by mostly only giving signals near the end of the day as Smart Phones mobile trading is now possible. I was also a Bit miffed, by the timing of latest signal, ie 21st Jul, when there is so much uncertainty regarding Market direction following the imminent European Stress tests due Friday 23rd Jul.
I think it is somewhat funny that a previous poster stated how the system is a trending system only and a couple of trades dont mean anything. I am very impressed witj the results. te. This system is up 20 percent YTD. Is the Nasdaq up that much? The results of this system since inception is speaks for itself..
It seems the system is more of a trend following system than a range bound system(buy/sell based on overbought/oversold conditions).
The system performs extremely well on Strong Down trend year (2008) and Strong Up trend year (2009). However, the system can choke on range bound(no clear trend) market, such as year 2010.
On 07/06/2010, market clearly showed a double bottom for QQQQ and very likely to rebound for the following days. However, the developer insists to short the market at that point and ended a losing trade.
Past results is not a good indicator of the future and the last 2 or 3 or even 30 or so trades is not a significant amount of trades to draw any conclusions about performance.
Great system. In February I set aside $160,000, the listed value of the system at that time. I caught up by buying the number of shares owned by the plan at that time and have since followed each buy and sell recommendation. Twice my emotions got the better of me and I sold prematurely and ended up buying back at a higher price.) In the four months as a member I am up over $43,000. I wish the rest of my money was doing as well. This system fits my emotions quite well.
I've been with ETF Timer for about 6 months and have been very impressed with its results.
It has several aspects MOST systems do not have such as: 1) Excellent Equity Curve with reasonable drawdowns. 2) Few trades for a swing trading system that allows for manual or auto trade options. 3) Exceptional communication from the developer. You know why he took action. 4) The monthly subscription is still very reasonable.
I have yet to find a system with such an outstanding risk/reward ratio and a developer with an even temperment. Believe it or not, he does not boast about his system. He provides helpful performance overviews, that's the most I've seen.
After subscribing for 14 months, my only regret is not allocating more money to this system. The system is easy to trade and trades very liquid ETFs, so slippage is not an issue.
I started Autotrading this about 5 months ago. It has been relatively placid, which I dont mind. It has been profitable. I am pleased with the experience. This is not a get rich quick scheme, but it has produced steady results so far.
The last review on this system is completely baseless. Ive been a subscriber for quite a while and the system manager is not taking on any more risk than in the past. BTW, the system is only 65 percent invested not 85 as the reviewer claims.
Time to move on.. I recommend this system during a trending market, however that is not the current condition. In order to capture his past performance the manager is taking on greater risk. 85 percent of a portfolio in qld which is a double leveraged etf is similar to hold 170 percent of qqqq. If you have access to the trade history, take a look how we made money verses what he has done the past 3-4 month. It has been a difficult decision to exit, but I will sit on sidelines until the market starts trending again.
This system has an admirable equity curve and two years of good results to back it up. Any negative comments I've seen in chat and forums usually come from other vendors whose own work has significantly lower profits,if any.
This system is perfect for my IRA account. If you think buy and hold is dead then this system is the answer. Makes money equally in up or down markets. Also, just the right number of trades and he has been spot on with his calls.
Developer very responsive with updates and replies to questions. No use of margin, which I prefer. Fairly steady rate of positive returns with little risk of drawdowns of 14% or more. Subscription rate and commissions are relatively low, helping the overall net rate of return.
