Originally Posted by Soliman

Happy New Year Orange,
I have been away for a while. The consistent 10% a week is an excellent approach. That was exactly my plan for 2007. Most successful investor say that consistency & persistance are far more important that the rate of the return. Also the 10% is a far more realistic return on the play than the +100% that most of us dream of & lose our hard earned dollars in search for it.
I wasn't surprised to see you adopting this idea. Since you talked about "modelling" I see that you generally think the same way I do. You seem to have a mathematical/systematic approach. I admit I had exactly the same concern you wrote about mm's messing it up if the plays are announced in advance. Of course I do expect to change my strategies as I go & as my capital grows. I will share some of my own rules to maximize my chances of success.
1. Stay away from Pink Sheet stocks; I hate to bid on a stock "blindly" not knowing the bids & asks out there.
2. Stay away from sub-penny stocks. I find that the lower the price, the higher the manipulation.
3. Set a minimum daily average $$ flow (stock price X volume) to make sure that I can sell when I decide to do so.
4. Someone was talking about the taxes. Here is an idea. Play it in a tax-sheltered plan. Can you imagin if you have $1Million there in a year; you could possibly retire then or shortly after. However, limit the game to your $500 & its returns, i.e. don't gamble with your retirement $$.
Orange, I take off my hate for you.
Good luck & all the best for 2007 & the years to come.
Soliman

Originally Posted by BruceCampbell

I think you would have much better luck achieving your goal of compounding successful trade after successful trade using your finely honed TA skills at options trading NASDAQ and NYSE stocks, where good solid TA can indeed predict market behavior.