I know, its been crickets over here recently. I’ve been working feverishly, behind the scenes, developing and uploading the models to use with the Power Dip System.
What is a model, you might ask? Well, the Power Dip stock picks can be traded any way that one likes best, but I prefer to trade them in a more scientific fashion. This allows me (and you) to get an objective measure of system performance. If every trade you take gets a different position-size and a different stop, it is harder to measure the true performance of the system. Thus, I prefer to think about models, with a model being a specific plan for trading the Power Dip System stock picks.
The baseline model is a simple 1% risk and 10% stop. However, I am providing many different models, both compounding and non-compounding, including 2% risk models, and models that use volatility-based (ATR) position-sizing and stops. Each model has its pros and cons, and these benefits and drawbacks will have to be carefully considered by each individual user.
Ultimately, I know of no other service that is going to provide you the edge this will, AND provide a dozen or more ways to trade the edge. After all, the easiest part of this endeavor is providing the stock picks. The hardest part will be providing a methodology for trading the picks that will allow a large number of people to be successful. A “one size fits all” approach will not work. I am confident that each person will be able to find a model that will fit his or her personality, psychology, risk-tolerance, and goals.
Beyond the models, the Power Dip System will continue to evolve based on my needs and the needs of the users. I am very excited about the evolution of this service as I do not believe there is any other service out there providing this level of detail or access to the thought processes of a system trader as he manages the system day after day, month after month.
We will be making these models available as part of the free trial.
Below is a recent screen shot of the PDS site.
looking very interesting
When is the launch date for membership?
Lydira, Sunday evening, December 20th.
Very nice nice…
Wood,
I don’t know if you’re open to suggestions. . . I think visually and practically, it’s easier if you separate buys and sells on your daily list. Easier to read and follow as you put in orders.
e.g.,
SELL
X, Dec 12, Sell
Y, Dec 12 Sell
BUY
X, Dec 12, Buy
Y, Dec 12, Buy
Just a suggestion.
Best –