I am proud to announce that the Power Dip System is officially open for subscription.
I encourage you to visit the site, kick the proverbial tires, and evaluate whether or not having access to stock picks with a verifiable edge will be of any benefit to your trading. You will find the service to be simple and completely transparent, yet very valuable.
I continue to trade this system every day, and currently have 10 open positions, generated entirely by the system. That is how much I believe in it.
There are 5 picks for tomorrow’s open. Try the free trial, and you will have access to these picks. Truly, you have nothing to lose.
Best regards,
Woodshedder
I’m in!
I’d like to go ahead and subscribe. I’ve been watching the blog so I don’t need a free trial. As a PPT member do I get a discount? How do I subscribe? The free trial link goes to a subscription for the PPT.
Lydira, the free trial link uses the same software/method for subscription but will not take you to the PPT. I repeat, it is not a link to a sub to the PPT. Go ahead and sign up for the free trial, and you find pricing information during that click through.
Once your trial expires, when you go to login, you will be able to subscribe in earnest (not to the free trial).
Thanks Lydira!
I have to register a new user name? I click on the free trial and it takes me to a window that says “register at this site.” I’d prefer to keep ‘Lydira’ as my user name but it’s not letting me keep that name.
ERROR: This username is already registered, please choose another one.
ERROR: This email is already registered, please choose another one.
Is that free trial set up for non PPT users? Should there be another link for PPT members?
To reiterate my challenge with subscribing: I clicked on the one day free trial and it was giving me the error message above and not letting me sign up for the Power Dip System. I do want to subscribe, but the program won’t let me subscribe with my PPT username and email address.
Hmmm. Let me put Jeremy on it Lydira. Sounds like you might have uncovered a minor issue.
Congrats on the launch Shed! I’ll check it out. As The Fly would likely say, how else is a “lazy fireman” supposed to trade? I wish you many new subscribers.
Thank you Eddie. Please let us know what you think about the service.
Congrats, Wood! Very happy for you.
Tilo, thanks so much! You had asked earlier about feedback. I’m always open, so if you see anything, let me know.
What are the odds you will create an autotrade service for IB or another low cost broker?
Sventen, Brandon, who helped with the system, was in the process of writing a java autotrade service for IB, for the power dip. I’m not where he is with it right now. He is vacationing right now, but when he returns, I’ll get an update.
Schweet. Gracias.
I find the registration prompts font color difficult to read. It does let me register using a different user name and email address, but I prefer to use the same user name and email address that I use for the PPT.
Lydira, my understanding is that the registration systems are 100% separate (PPT vs. PDS) so I’m not sure why it is requiring a different email address. It shouldn’t be, but I’ll double check.
Is there a possibility to be able to link the PDS to iBC so that I can easily toggle to the PPT to view the stock picks? Is the PDS is a stand alone site separate from iBC or is it a part of iBC?
Look at ELP moving above the closing predicted. I have a small account so I will have to watch my coin carefully. I look forward to the spreadsheet and your help in making 2010 a profitable one for me.
I signed up as iwantin on the site since I was having trouble signing in as Lydira. LOL!
Wait for ELP. Remember to get as close as possible to backtested results you’ll want to get the closing price. Now, if ELP were to shoot up, making a large spike, and you think it may retrace into the close, consider closing the position.
Look for the email alert at 3:30 telling you which positions are above the exit threshold.
I’m on vacation this week so I can play in real-time.
Is the free trial today only, or available to every user at any time for one 24 hour period?
Available at any time for one 24 hour period. But of course not for repeated trials.
Two questions. According to the profit chart it looks like the system didn’t make much, if any, money in the early 1990’s. Why is that? Second, have you done a filter with Relative strength? It would seem intuitive that a buy-the-dip system would have better results with strong stocks? You know, the “tennis balls vs. eggs” bounce ability that the late Bill Berger so aptly named.
Dave, the baseline system, 1% risk, 10% stop, 10 max positions did -4.1% in 1990, 28.8% in 1991, 13.0% in 1992, 32.2% in 1993, and 48% in 1994.
Hard to say for certain why it gained more and more as the 1990s wore on, but I suspect it is because mean reversion became more and more powerful as the 90s progressed.
In regards to “strong stocks,” pull up a chart of the stocks. You’ll note that they are all strong, as that is one of the key factors of the system. It buys dips in the strongest stocks.
Shed, I sent an e-mail earlier with some system questions, just wondering if it got through. I’ve had ongoing trouble with my server and gmail. If I’m not getting through, I’ll repost in the PDS forum. I’ll check back later tonight, off to see lights and Santa with the kids.
FYI, no trouble with the trial sign in using the same login and e-mail as the PPT. I’ll finish subscribing when I get back home.
Got your email Eddie, and just replied to it.
Enjoy the lights and Santa!
Wood,
May I ask a technical question related to Amibroker? I’ve been toying with it in the past few days (writing intraday system for ES, so far I’ve only had experience with Tradestation).
I remember you once provided a table with each year and month of system performance. How did you generate that report?
Thanks and best wishes –
Tilo, simply backtest your strategy, and then click on “report” and once that window is open, click on “charts.” It will be the 3rd chart down.
What version of AB are you using?
Wood,
Thanks for your prompt answer. I’m using their professional version, 5.2. When I click on charts from the report, I get three charts, but none is a detailed table showing performance by each month and year (e.g., 2000, Jan, Fed). Maybe you’re using a different version?
Thanks for your help –
Tilo, it was added in an update. I’m using 5.26. I’m sure if you upgrade to version 5.26 you will find the chart.
If you are unable to upgrade, let me know as I think I can just send you the code to create the chart.