Quantum Swing Trader just sold out their newest release, but I am sure that they will soon have another batch for release.
My comments about the exit strategy can be seen in their PREVIEW of the program. For that you are going to have to register with them and ask them directly to see the preview of the program.
I was allowed to sign in and preview the program BEFORE actually BUYING. My understanding is that you could do the same. It is very worthwhile information.
To get more information, check this site: http://www.quantumswingtrader.com/soldout.php
Thank you for contacting Profits Run as well as your continued efforts in promoting QST.
We do not have the QST Members Only Preview up at all times; therefore, we are not able to provide you with a Username and Password. The preview site is put up based on the timing of our launches. We have a launch which is coming up in March where we will be putting up the site again for a limited time. The best way to have everyone stay informed, is to direct them to http://www.quantumswingtrader.com and have them sign up for more information. When the preview site is back up, everyone will receive an email to let them know and how to access it. When the launch is through, the site will probably be taken down again until our next launch.c
Please let us know if you have any other questions or concerns.
Good Trading,
Customer Support Profits Run, Inc. http://www.profitsrun.com/
I really enjoyed reading your articles on " Creating a Sytem you can trust" . IT is very simple to follow and really nails the basics.
I could not view your setup video. Please advise on how I may do so.
Do you use EW4 buy/sell to identify opportunities? I noticed that MMM is an EW4 sell. I do not use Advance Get (so I'm not familiar with type I or II trades) but I do have Profit Source.
What other systems do you use to identify opportunities?
To access the video clip, you should have Quicktime in your computer. IF you have an iPod or iTunes, you already have Quicktime. If you don't, just go to Apple.com and download Quicktime, or iTunes for that matter. The video should become immediately available.
I use a variation of QST to select my own candidates, but because it is proprietary, I could not explain how to use it here. However, I am papertrading the Type I and Type II as well as the XTL set ups to test my theories.
I believe that profit source and Advanced Get have the same searches. Would you send me an e-mail so we can exchange that information privately so we can tell others that they are indeed the same thing?
The other systems that I use are the PCCRC as I have explained them to you.
Since you have Profit Source, it would be a good idea that you tried to paper trade your "Elliott wave" searches to and follow up the entry and exit rules I have outlined.
Please try to place your comments regarding this basic techniques in the Basic blog. Other users can benefit from your insights, comments and questions. Thanks for your contributions.
Hi, I am using QST too. Can you share with me your "variation" after I have selected QST candidates? What other steps are you using to further analysis them? When do you place your entry? e.g. morning, afternoon..? Do you monitor the general market first, e.g. DOW, OEX or SPX to confirm the direction, before you trigger any order? Sorry too many questions... Question Man
Happy, any variation that you may make would have to be tested either by backtesting and/or by paper trading for a while before actually placing money at risk. In other words, making changes defeats the purpose of buying a system.
You may ask, why do I do it then? because I have to use the approach I can trust. My variation limits my search to what I would visually select candidates for. I would not want to recommend mine over QST because YOU are paying for their system, which is VERY, VERY solid.
Psychologically, the most important thing is that you BELIEVE in the system, otherwise, you may tend to get cold feet and exit the position prematurely. Perhaps you need more paper trading before committing your own money, to gain that trust.
I suggest you take advantage of their customer service site and ask Bill Poulos directly, How do you decide how many bullish trades and bearish trades would you have, based on the direction of the market indeces? Bill Poulos has being trading longer than me, so use him as a resource.
The last few days have shown me that you should have bullish and bearish trades at all times. Just two days ago, when all stocks where going down, I got many bullish candidates and no bearish ones. If you trust the systems, you will have the guts (as I did) to place some bullish trades. With your stops in place, you should be able to profit, even after quick reversals.
I follow the entry rules to the letter, I think that the system is perfect on the entry rules.
The set up generates way too many candidates sometimes, and you have to be selective. I focus on trending stocks. Forget about sideways markets, you won't catch a wave up or down if you select candidate with up and down patterns. But even then, if you follow the rules of entry and exit, you will be fine.
Finally, remember that I trade options only. Bill likes to use deep in the money options as surrogates for stocks. I like ATM options and risk only 2% of my account. That gives me room for 25 trades at a time since I use the 50% stop loss. In my small $12,000 (now $14,000) account, I am willing to trade $500 trades with a 50% stop loss. By using OptionsXPress "One Triggers Two" orders, I place my entry, stop loss and partial profit taking orders to start with. When I am notified that the first profit taking order was filled, then I enter a second "One Cancels Other" order to raise my trailing stop to break even and open an new stop loss at a higher profit target. This is different than what QST does, but it is an adaptation for aggressive option trading.
Finally, if you have questions that deal with the proprietary aspects of QST, be sure to ask Bill first. If you still not sure, send me an e-mail, we can have a personal, private discussion. Bill is a better resource, but we can exchange opinions.
QST is really solid in my mind. I respect Bill Poulos enough to invade his territory. All traders should be aware of his approach and try it, in any market.
9 comments:
Hi Juan,
When I could not open the link for quantumswingtrader as it requires a user name and password.
Also, you can only leave comments if you have a Google Account, which I don't.
Would you mind amending please?
Regards,
Mary
You can also post in the other blog.
Quantum Swing Trader just sold out their newest release, but I am sure that they will soon have another batch for release.
My comments about the exit strategy can be seen in their PREVIEW of the program. For that you are going to have to register with them and ask them directly to see the preview of the program.
I was allowed to sign in and preview the program BEFORE actually BUYING. My understanding is that you could do the same. It is very worthwhile information.
To get more information, check this site:
http://www.quantumswingtrader.com/soldout.php
Thank you Juan. I will keep trying.
Regards,
Mary
Mary, this is the reply I had from them:
Dear Juan,
Thank you for contacting Profits Run as well as your continued efforts in promoting QST.
We do not have the QST Members Only Preview up at all times; therefore, we are not able to provide you with a Username and Password. The preview site is put up based on the timing of our launches. We have a launch which is coming up in March where we will be putting up the site again for a limited time. The best way to have everyone stay informed, is to direct them to http://www.quantumswingtrader.com and have them sign up for more information. When the preview site is back up, everyone will receive an email to let them know and how to access it. When the launch is through, the site will probably be taken down again until our next launch.c
Please let us know if you have any other questions or concerns.
Good Trading,
Customer Support
Profits Run, Inc.
http://www.profitsrun.com/
Thanks for following up Juan.
Regards,
Mary
Hello Juan,
I really enjoyed reading your articles on " Creating a Sytem you can trust" . IT is very simple to follow and really nails the basics.
I could not view your setup video. Please advise on how I may do so.
Do you use EW4 buy/sell to identify opportunities? I noticed that MMM is an EW4 sell. I do not use Advance Get (so I'm not familiar with type I or II trades) but I do have Profit Source.
What other systems do you use to identify opportunities?
Regards,
Mary
Hi Mary.
To access the video clip, you should have Quicktime in your computer. IF you have an iPod or iTunes, you already have Quicktime. If you don't, just go to Apple.com and download Quicktime, or iTunes for that matter. The video should become immediately available.
I use a variation of QST to select my own candidates, but because it is proprietary, I could not explain how to use it here. However, I am papertrading the Type I and Type II as well as the XTL set ups to test my theories.
I believe that profit source and Advanced Get have the same searches. Would you send me an e-mail so we can exchange that information privately so we can tell others that they are indeed the same thing?
The other systems that I use are the PCCRC as I have explained them to you.
Since you have Profit Source, it would be a good idea that you tried to paper trade your "Elliott wave" searches to and follow up the entry and exit rules I have outlined.
Please try to place your comments regarding this basic techniques in the Basic blog. Other users can benefit from your insights, comments and questions. Thanks for your contributions.
Hi,
I am using QST too. Can you share with me your "variation" after I have selected QST candidates? What other steps are you using to further analysis them? When do you place your entry? e.g. morning, afternoon..? Do you monitor the general market first, e.g. DOW, OEX or SPX to confirm the direction, before you trigger any order?
Sorry too many questions...
Question Man
Happy, any variation that you may make would have to be tested either by backtesting and/or by paper trading for a while before actually placing money at risk. In other words, making changes defeats the purpose of buying a system.
You may ask, why do I do it then? because I have to use the approach I can trust. My variation limits my search to what I would visually select candidates for. I would not want to recommend mine over QST because YOU are paying for their system, which is VERY, VERY solid.
Psychologically, the most important thing is that you BELIEVE in the system, otherwise, you may tend to get cold feet and exit the position prematurely. Perhaps you need more paper trading before committing your own money, to gain that trust.
I suggest you take advantage of their customer service site and ask Bill Poulos directly, How do you decide how many bullish trades and bearish trades would you have, based on the direction of the market indeces? Bill Poulos has being trading longer than me, so use him as a resource.
The last few days have shown me that you should have bullish and bearish trades at all times. Just two days ago, when all stocks where going down, I got many bullish candidates and no bearish ones. If you trust the systems, you will have the guts (as I did) to place some bullish trades. With your stops in place, you should be able to profit, even after quick reversals.
I follow the entry rules to the letter, I think that the system is perfect on the entry rules.
The set up generates way too many candidates sometimes, and you have to be selective. I focus on trending stocks. Forget about sideways markets, you won't catch a wave up or down if you select candidate with up and down patterns. But even then, if you follow the rules of entry and exit, you will be fine.
Finally, remember that I trade options only. Bill likes to use deep in the money options as surrogates for stocks. I like ATM options and risk only 2% of my account. That gives me room for 25 trades at a time since I use the 50% stop loss. In my small $12,000 (now $14,000) account, I am willing to trade $500 trades with a 50% stop loss. By using OptionsXPress "One Triggers Two" orders, I place my entry, stop loss and partial profit taking orders to start with. When I am notified that the first profit taking order was filled, then I enter a second "One Cancels Other" order to raise my trailing stop to break even and open an new stop loss at a higher profit target. This is different than what QST does, but it is an adaptation for aggressive option trading.
Finally, if you have questions that deal with the proprietary aspects of QST, be sure to ask Bill first. If you still not sure, send me an e-mail, we can have a personal, private discussion. Bill is a better resource, but we can exchange opinions.
QST is really solid in my mind. I respect Bill Poulos enough to invade his territory. All traders should be aware of his approach and try it, in any market.
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