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Author: warrl Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 252195  
Subject: Re: Newbie Requesting Guidance Date: 3/21/2013 11:39 AM
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6)When I adopt this mechanical approach, is it sufficient to check this website weekly?

Monthly is sufficient, since you will be holding for a month. I believe the value line picks are listed on Mon., and the sip pro picks on Sunday.


I just want to point out that there is nothing inherent in the concept or theory of MI that dictates the one-month holding time. In theory one could devise a mechanical day-trading system.

However, because MI *requires* backtests, you need a suitable database for backtesting your system. For a day-trading system, that would be complete second-by-second trade history going back many years...

So in practice MI is restricted by the databases we have.
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