Let’s take the NASDAQ composite. It is made up of a basket of shares, the largest and most well traded stocks and an average of these stocks figures go into making the NASDAQ composite. Remember that word "average."

As with ANY average you will always have shares outperforming and under performing the average. Do a research . Now with all the doom and gloom about how low these markets are heading.

How it is impossible to make money as a bull in this market would you be surprised by these numbers?

26 stocks in the markets have made over a 200% return this year! 7 of these stocks have gone on to make over a 500% return this year! 3 of these stocks have gone on to make over a 1000% return this year!I have had some huge success with stocks such as:

MOVI +84%

ALLY +67%

THQ +59%

So it’s not all doom and gloom.

When the market averages turn sour - You now have to trade the small cap momentum stocks!

Didn’t CNN say this is a bear market and there was no money to be made by the bulls? Well seems like someone is wrong.

Bottom line: Market conditions are tough. The big cap stocks are falling far and hard. Mutual funds are losing buckets full of public money. The public are switching off the stock market in their droves as those market darlings they held last year are sinking lower and lower. But you are doing the wrong thing. Completely the wrong thing!

In a run away bull market you want to be INVESTING in the

BIG CAP Momentum stocks. There simply is no better or easier way to make a lot of money.

But when the market averages turn sour you have to change your strategy. You now have to trade the small cap momentum stocks! his is where the money is being made now. The last thing you want to do now is leave your hard earned money invested in Yahoo, SUNW, QComm in the hope they’ll bounce back.

It won’t happen in our lifetime. Yahoo and a host of other high flying stocks in the 2000 bull market have had their day in the sun. It will not be repeated! Their bubble burst a long time ago. If you can’t stomach the stock market any-more then get out!

If you are willing to give it another shot with a slightly different approach then order MSTS now and start trading in those small cap momentum stocks. This is where the money is!

How long can the market keep heading lower? Well I hate to keep repeating myself but the fact is noone knows. Some bear markets in the past have lasted over five years. Does it look as if the markets can head higher from here? Do general conditions warrant a new bull market cycle? I see absolutely no sign of that.

Keep your ears closed and trade what you see. Right now I see lower markets ahead. Keep out of the large cap stocks.

Get your Momentum Stock Trading System and sign up for my free weekly online trading system newsletter here at: http://www.stressfreetrading.com

Years ago before all the electronic sensors miners would take a canary down into the shaft. He was a very pampered bird as he represented life or death. If he dropped off his perch unconscious the miners ran for the exit as fast as possible. The little guy had detected poison fumes. Yes, they carried the canary out when they left.

There are many pitfalls in life that are not life or death, but it would be nice if we could have a special “canary” to warn us of a calamity. One of those major catastrophes would be the loss of a large portion of retirement funds. There are few investment canaries, but most are complicated or expensive; however, there is one that will warn you and costs less than a canary. In fact it is free.

Most brokers don’t know about it, many don’t want to learn and most brokerage houses will not allow them to use this simple signal. Brokers are in business to get and keep your money “working” (for them). Your cash in a money market account does not fall into that category. They never want you to sell even when your equities are going down and you are losing your shirt, pants and underwear. “Hang in there. The market always comes back.”

You need a “canary”.

As long as stocks are going up Mr. Mushroom can sit back fat, dumb and happy as he did in the 1990s. Since 2000 the scenario has changed. Hopefully Joe Mushroom did not lose all his money from 2000 to 2003, but many took a big hit. It need not happen again.

The investor needs to know the general direction of the market and especially the direction of his stocks and funds. Most investors who are saving for retirement have jobs and other commitments that do not allow them to be active traders. They need a very, very simple method that can be looked at once a week or even once a month.

Once a week or even once a month you can go on the Internet (and if you don’t have that connection you can do it at the library’s computer). Find www.bigcharts.com. It’s free. Put in the symbol of the mutual fund or stock in which you are interested and click on the red box marked “Interactive”. I like to use a 5 year time period which can be selected.

Scroll down on the left to “indicators” in small print, click and then choose Moving Averages, SMA and to the right put in 200. Click Display Chart and you are done.

As long as that red 200-day line is moving up the investor should hold his position. The canary is singing. When it turns down sell. It doesn’t get any simpler than that. This is an investment canary for the long term investor.

When the canary falls of his perch (the 200 line turns down) run, don’t walk to the nearest exit.

Al Thomas’ best selling book, "If It Doesn’t Go Up, Don’t Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter to receive his market letter for 3 months at www.mutualfundmagic.com to discover why he’s the man that Wall Street does not want you to know.

Comments to al@mutualfundmagic.com

Copyright Albert W. Thomas All rights reserved.

Markets: Futures

Contact: Undisclosed. (I do have his e-mail address but it would be unfair to disclose it.)

Results:

Undisclosed but thought to be up there with the VERY best. He has made some of his managed account holders into multi-millionaires from small initial investments.

Featured in the books "The Market Wizards I and II"

Although completely unknown, not only to the public, but to most of the financial community as well, Ed Seykota’s achievements must certainly rank him as one of the best traders of our time. In the early 1970s, Seykota was hired by a major brokerage firm. He conceived and developed the first commercial computerized trading system for client’s money in the futures markets. His system proved quite profitable, but interference and second-guessing by management significantly impeded its performance. This experience provided the catalyst for Seykota going out on his own.

In the ensuing years, Seykota applied his systematized approach to trading a handful of accounts and his own money. During that period, the accounts Seykota managed have witnessed an absolutely astounding rate of return. For example, as of mid-1988, one of his customer’s accounts, which started with $5,000 in 1972, was up over 250,000 percent on a cash-to-cash basis. WOW!

Seykota works from an office in his house on Lake Tahoe. His trading is largely confined to the few minutes it takes to run his computer program, which generates signals for the next day.

So, don’t let any one ever tell you trading cannot be mechanical and you must spend hours per day managing your trading accounts. Ask Ed Seykota.

Get your Momentum Stock Trading System and sign up for my free weekly online trading system newsletter here at: http://www.stressfreetrading.com

On the path of life there will be some rain and therefore puddles. Most are shallow and we easily splash through them and occasionally there might be a very deep one. Learning to navigate them will make the journey more pleasant.

Your investment journey to the pot of gold at the end of the rainbow will require your not stepping into those deep holes. It is almost impossible to know the depth of any pothole so an investor must have a strategy for the unexpected and it must be in place before the foot sinks out of sight.

Every professional trader (and you are a trader whether you believe it or not) has an exit strategy for his portfolio. Those who do not are doomed to sink out of sight in a very deep and muddy pool. When any stock, mutual fund or ETF is purchased it must be determined prior to purchase how much the investor (trader) is willing to lose or how take profit.

It is pretty stupid to sit and watch an Enron, Delta or AT&T take all or most of the money. No one wants to see hard earned dollars evaporate. There isn’t even a cloud of smoke to go with it; it just disappears. In 2000 to 2003 we saw the NASDAQ lose 78% of its value and the DOW go down 40%. Don’t let this happen to you; it can occur again. You must set your investment exit strategy now.

The first thing any successful investor does is determine how much he is willing to lose. Is that shocking? When people buy a stock they immediate think about how much they are going to make, not lose. Knowledgeable traders think about their losses first and profits second. Losses must be dealt with today. Profits will take care of themselves.

This means you must have a selling guideline. Most brokers will not help with this as they are not taught to protect customers’ money. The simplest method is the stop loss order. Say you paid $40 per share for a potential pot of gold. How much are you willing to risk? One hundred shares cost $4,000 plus commission. Are you willing to see it drop to $3,000 before you sell or is that too much? Twenty-five percent is pretty steep and many traders will not risk more than 10%. Whatever amount you decide upon should be set with your broker as a permanent stop loss order. Don’t let him tell you he will watch your account because he won’t.

As your stock moves up the stop order should be moved up to protect your profit. This is known as a trailing stop and most brokerage firm offer it. Every path has puddles. Don’t step into one that is over your head.

Al Thomas’ best selling book, "If It Doesn’t Go Up, Don’t Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter to receive his market letter for 3 months at www.mutualfundmagic.com to discover why he’s the man that Wall Street does not want you to know.

Comments to al@mutualfundmagic.com

Copyright Albert W. Thomas All rights reserved.

Today, as a 70% owner of $2.1 billion Quantum, the world’s largest offshore investment fund, Soros and the other six managing directors split 15% of the annual profits.

He spends most of his time in his home in England and helping fellow Hungarians and other Eastern Europeans reacquaint themselves with capitalism. To bankroll that effort, he created the Open Society Fund in 1979 and the Soros Foundation-Hungary in 1984. Known as "an alternate ministry of culture," the foundation helped establish a management training center in an old castle outside Budapest.

Now there are foundations in 10 Central and Eastern European countries aimed at cultural and economic revitalization. Soros, 59, is the author of The Alchemy of Finance, published in 1987, in which he outlines, somewhat circuitously, his "theory of reflexivity," which holds that perceptions change events which in turn, change perceptions.

This is not his first attempt at writing. Soros did extensive work several years earlier on a philosophical book that was never completed. His new book, Opening the Soviet System, is due out this month.

Financial World
The Wall Street 100
By Stephen Taub and David Carey with Alison M. Smith
July 21, 1992
Page 40

No. 1 GEORGE SOROS
Soros Fund Management
At least $117 million

Despite the fact that Hungarian-born George Soros spends much of his time these days touting capitalism in former East Bloc countries, he was still able to find a way for his $3.2 billion offshore Quantum fund, which rose around 63%, to outperform most managed porfolios and market indexes.

Who says bigger can’t also perform better? After he claimed a chunk of Quantum’s 15% incentive fee and the fund’s entire 1% management fee, Soros’s personal take computed into 9 figures. Not too shabby, considering how much time the 61-year-old globe-trotter spends away from home. One of his more recent pet projects has been the establishment of the Central European University in Budapest and Prague. In the past year or so, he still found time to launch three spin-off funds - Quasar International Partners, Quantum Emerging Growth and Quota.

Financial World
The Wall Street 100
By Stephen Taub, Nanette Byrnes, and David Carey
July 6, 1993
Page 40

No. 1 GEORGE SOROS
Soros Fund Management
At least $650 million

How do you make $650 million in one year if you are not Mike Milken? Simple. First, start the year with about $800 million of your own money and other $4 billion of other peoples’.That is nearly $5 billion in all under management. Then hire crack managers and traders who rack huge returns trafficking highly volatile currencies and derivatives instruments. Finally, charge hefty management and incentive fees. Result: Last year 62-year-old George Soros’s Quantum Fund was up 68.1% after fees; Quantum Emerging, up 57%; Quasar International, 55.7%; and Quota, 37.4%. Quantum and Quasar charge 1% management fees and 15% of the appreciation while the other two funds charge 1% plus 20%.

Moreover, Soros invests a big portion of his assets in currencies and index-linked derivatives but never for long. He flits in and out of these instruments incessantly, rarely holding a position for more than a few days. As a result, he realizes capital gains on the vast bulk of the nominal returns he generates in a given year. Do the arithmetic and you’ll see that at a bare minimum, Soros extracted more than $400 million in profits from his personal hoard.

A conservative estimate of his share of his firm’s incentive fees tacks on another $200 million or so to the total. Finally, Soros awards himself all his firms management fees, which netted him about $50 million. Presto: $650 million, although his take might have been much higher. Today, Soros’s clutch of five offshore funds boats assets well over $7 billion, including a $525 million real estate fund he recently formed in partnership with Paul Reichmann, a former controlling shareholder with bankrupt Canadian real estate developer Olympia & York.

This is not to be mistaken for Soros’s new $775 million partnership with British Land to invest in properties.

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Buying a stock or mutual fund is like a driver who is going down the road at high speed, but is using looking in the rearview mirror as a guide. He can see fine out the back, but has no idea what is ahead. Sound familiar?

Your broker is going to help you with driving; I mean picking stocks and mutual funds, so your car (investment) will stay in the road and not crash. He is going to send you all kinds of information. You know - green sheets, pink sheets, blue sheets, full color slick pages, brochures, booklets and more: turn right, turn left, put on the brake, speed up, slow down. He might even get you in on an interview on the Internet with the CEO of some company. Wow!

Or you can buy special reports from Morningstar. They are not too expensive. The dedicated investor might want to visit the company headquarters especially if it is a new public offering. Of course, the investor might want to check out the background of the company officers by inquiring at the NASD (National Association of Securities Dealers) and the SEC (Securities and Exchange Commission) in Washington.

Have any of the corporate officers been involved in other companies that have failed? You can ask these questions and more.

What does all this information mean? Isn’t this looking in the rearview mirror? Some of what you have found is ancient history and some is not quite ancient, maybe a little mildewed. It is supposed to help the investor get an idea if the company is financially sound and is expanding so he can expect his investment to grow.

Are these guides any good?

Everything is past performance. The required imprint according to regulations on every piece of sales literature is, “Past performance is no guarantee of future performance”. Basically all the information you have is worthless; you are looking in the mirror.

If you invest you should determine before you put any money on the line how much you are willing to lose. Will you stick with this hummer if it goes to zero or have you determined what percentage you are willing to part with if it declines? Do you have an exit strategy for both loss and when to take profit? Most investors have neither.

Every professional investor I know has an exit plan. He knows how many dollars he will give back if he if wrong and if his stock selection is positive he has some idea of a price objective or having the price performance tell him where to sell.

The great secret of the market is not buying. It is selling. Until the investor learns how to sell he will never make money in the market.

Looking at past performance (the rearview mirror) may make the investor feel better, but it is not the way to keep your investments on the road to success.

Al Thomas’ best selling book, "If It Doesn’t Go Up, Don’t Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter to receive his market letter for 3 months at www.mutualfundmagic.com to discover why he’s the man that Wall Street does not want you to know.

Comments to al@mutualfundmagic.com

Copyright Albert W. Thomas All rights reserved.

One axiom of technical analysis suggests that while prices may fall of their own weight, only volume can drive prices higher over time. The spring advance of CACI International, an information systems and high technology "solutions" company out of Virginia, is one of the best examples of this phenomenon I’ve seen in this spring rally.

CACI was moving in a tight consolidation from mid-February into late March when the first significant high volume day occurred on March 27th. The uptick in on-balance volume (overlaid on the volume chart) supports the heavy buying, as does the bullish candlestick. Even though CACI continued to trade in a very tight range for another three weeks, the heavy volume day on March 27th was a tip-off that buyers were interested in seeing this stock go up–moreso than sellers were looking to get out of their positions. From the beginning of the year until the first big up moves in late April, CACI has advanced from about 22.5 to 28. While this 24% increase is a more than reasonable return, the rising on-balance volume strongly suggested that holders of the stock believed there was more to come.

In most cases, given a market with a neutral or mildly bullish bias, the only thing that would keep a stock like CACI down (outside of a catastrophic event) would be the determination of holders to sell, which is not reflected in the rising on-balance volume, nor in the tightness of the consolidation–particularly between late February and early April.

As good as the returns from CACI were from January to late April, the advance from late April to late May was nothing short of spectacular, In about 30 days, CACI climbed over 53%, largely on the backs of heavy buying on May 9th and 10th, as well as on the 22nd, 23rd, and 24th. Unlike many high-volume, high percentage moves, CACI’s advance had almost no gaps. In fact, each advance was supported by a significant support area of at least two weeks. Nearest support currently is at 36.5 as the stock trades in the low 40s.

The importance of these small support areas is that the advance is more likely to be sustainable if there are areas to which CACI can retreat. The pair of two to three week support areas here can function as places where selling can occur without overly disrupting any renewed advance. This is in contrast to what are commonly called "V" advances in which stocks that have declined rocket upwards without pause, often reaping brief, but fleeting gains. Advances that come with both heavy volume and short-term support "platforms" are much more likely to provide reasonable entry points than those without.

MSTS picked up CACI last week. Already it is showing a nice profit.

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The other day, there was a guy on CNBC hyping his style of investing. He seems like a nice guy, but his theory was a bit hard to swallow. He said that if you have money, you should just buy the market and average down. Hold it for ten years. Doing that he says will beat the market.

We agree. It will beat the market. But that’s not the same as making money. Depending on when you start your ten year hold period, there are many times when your total returns will be negative. Yes, you might beat the market, but is that anything to write home about? Say the DOW is off 25% and you’re down just 15. Is this great? No!

Buy and hold for the long term only truly works if you are smart enough to have bought at a major low and the market rose from there. If on the other hand you’ve bought at the highs, it can be a painful lesson. Look at the those that bought in January of 2000. It’s now 2005 and if you were in the NASDAQ, you are still down over 30% even if you’ve averaged down.

Don’t buy the standard fare. It’s just not good. You might beat the averages, but you still could be red.

Now, as you read this part, please take into consideration that any type of financial planning is a "one on one" situation.

First things first, whether you were looking for an estate planner or a plumber, we would ask friends, relatives, or neighbors who they would recommend. If they have had great success with someone in the past, the chances of you having the same luck are pretty good. Networking is a lot better than picking names out of the phone book. It might save you a bunch of time and maybe even regret later on. Once you have made contact with someone in the financial field find out if there are any fees in having a consultation with them. Some people may have a small fee that they charge but will return it to you if you do business with them in the near future. If everything seems reasonable to you set an appointment up with them. Your first appointment should be to get introduced and have your goals evaluated and a needs analysis completed.

What are your present needs and future needs, along with your dreams and desires? You should be having this type of discussion. Not what is the hottest product on the market talk. If they there trying to sell you something upfront on the first meeting, there probably not worth your time nor money.

Many readers are at different stages in their lives so here is a little time line that we would go by.

Young families, make sure you have a proper life insurance plan in place, disability insurance to protect your income and at least 10% going towards a retirement fund. Yes, we know you may not be able to due everything at once, but make sure you are going over your plans every year or 2 to make sure you are growing closer to your goals. Above and beyond that we love stocks and real estate investments for more of a short term to pre retirement pick. We figure that those investments could either make you or break you, but you’ll still have your retirement funds when you need them and by providing proper insurances your family is taken care of in the event something bad happens.

Once the wealth is accumulated it’s time for the big guns. Estate planning provides the means to clearly define how you want your assets to endure after your have and to whom they should go to. To accomplish this we would gather a team of individuals such as an attorney for legality issues, an accountant for the tax implications, an insurance advisor to handle the insurances and an investment advisor, if the insurance agent does not handle all your investments. Out of all the categories of finances estate planning can be the most difficult because of the in depth planning that is required. It seems that with each new president, the tax codes get rewritten all over again making long range planning terrible. But remember, once you’ve accumulated your fortune, it could take just as long to preserve it so having people you can trust and build a relationship with is vital.

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1. That discipline contributed more to their success than their trading philosophy itself. Remember that the key to any plan is how well it holds over time.

2. There is no "sure thing", and there is no trading system that is 100% accurate. Your goal, as a trader, is to usethe tools available and try to develop an edge. Base your trades on sound fundamental and technical reasoning, rather than on hunches and long shots. If you can develop an edge, however small, over time you will be successful.

3. A trader must be able to admit they have made a mistake. Do not become emotionally or financially committed to a losing trade. Avoid the pitfall of becoming emotionally involved with any trade.

4. An investing edge is only part of the equation. A trader should diversify sufficiently so that the growth in equity can be consistent and the likelihood of a catastrophic loss can be diminished. The lower the percentage of a traders’ account dedicated to any one trade the greater the chance of the trader being successful.

Even if the trader has a perceived investing edge, it is unwise to run the risk of ruin, and bet it all on one trade. The goal is not only to make money, but also to be able to continue to make money consistently for an extended period of time. A trader must learn the basic concepts and the importance of money management.

5. Lack of experience in the market causes many traders to make the mistake of taking small profits and letting losses run.

Fundamental trading wisdom dictates the exact opposite. When in a winning trade, be patient and fully capitalize on the success. The trading axiom is, "cut your losses short and let your profits run".

6. A trading system does not have to be difficult, time consuming, complicated and stressful in order to be profitable.

In trading systems, as in many other things in life, simple can be better

7. As a trader, be cautious, and never let greed take control of a winning position.

8. Be aware that declining volume usually indicates the market is not accepting higher or lower prices, and this could indicate a market turn.

9. Learn from your trading mistakes. Never make a trading mistake without asking yourself why.

10. Do not make trading decision based solely on margin requirements, and always trade within your capabilities.

Remain true to your trading plan and follow the trading style that works best for you.

11. Do not trade markets that you don’t understand. Trade with confidence and conviction. Trade only with risk capital and be aware of the risk of losing. Divide your capital into 6 equal parts and never risk more than one-tenth of your capital on any one trade.

12. After a long period of success or a period of profitable trades, try to avoid the natural tendency toward increasing your trading activity. Conversely, use self-discipline when a trade goes against your position. Take your loss and wait for another opportunity. Never increase your trading after a loss.

13. Avoid getting into the market because you are anxious from waiting and/or out of the market because you have lost your patience. Never over trade and adhere to your risk management rules

14. Do not make a trading decision to buy just because the price of the stock is low or sell just because the price is high. Never change your position in the market without a good reason that is based on a fundamental or technical rule indicating a change in trend.

15. Trade the most active stocks and refrain from trading the slow moving markets. Trade "at the market" whenever possible and try to avoid a fixed buying and selling price.

16. When the market is moving with your position and you are using a stop loss order, then raise your stop loss so as to lock in your profit. Protect yourself against the possibility of turning a profit into a loss.

17. The "trend is your friend," and never buy and sell if you are insecure of the trend according to your fundamentals and technical rules. If you are in doubt, then exit the market. Only trade when you feel confident with your trading strategies.

18. Trade in five or six different stocks at a time, so as to avoid tying up all of your capital in any single stock.

19. A trader should establish a "surplus account" after a series of successful or winning trades. The goal is to retain the "surplus account" for times of emergency or panic 20. It is difficult to try and guess where the top and bottom of the market is, instead let the market prove its top and bottom.

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I stated in last week’s article, "Consolidating Gains," that the stock market will sometimes create a self-fulfilling prophesy, because the current SPX rally, which started in October, is similar to the rally that started in April, although the current rally was roughly two weeks ahead of the April rally. SPX continued to follow the "script" last week, while still ahead of the previous rally.

The vertical line in the SPX daily chart below compares similar technical points (above and below the price chart) between the April and current rallies to show where the current rally is now compared to the previous rally. If the self-fulfilling prophesy completes, SPX will be in an uptrend for another two months and rise to about 1,300.

SPX traded between two strong support and resistance levels recently, which are in the 1,160s and 1,250s (see "SPX Multi-Year Support & Resistance Levels" article). SPX has risen about 70 points over the past month, after holding strong support levels. Normally, after a steep rise, a period of consolidation takes place. However, SPX may rise into the 1,240s, just below strong resistance, before consolidating.

Next week is options expiration week, which is typically volatile. November Max Pain expirations for SPX OEX and QQQQ indicate the market will be much lower next week, e.g. an SPX 20 point pullback. However, Max Pain doesn’t work every month and sometimes the Max Pain point is the highest or lowest level the market can reach.

Consequently, if SPX rises into the 1,240s early next week, it may pullback to 1,225 later in the week. An SPX 1,225 to 1,245 trading range is not a large range over one week. If SPX rises into the 1,240s, it will be near the four-year peaks at 1,246 and 1,243. So, the market may become cautious, since it may believe there’s little short-term upside, which may generate greater volatility.

The catalysts for the rally have been falling oil prices, a strong Treasury auction, and slightly better than expected economic data. Oil fell below $60 a barrel in mid-October, for the first time in about three months, and may continue the downtrend towards $50. Strong support in U.S. Treasury bonds by foreigners boosts investor confidence. Recent economic data suggest a continuation of above trend growth with tame inflation, at least for several more months.

There are many important economic reports next week–Monday: None, Tuesday: PPI, Retail Sales, Business Inventories, and Empire State Index, Wednesday: CPI, and Oil Inventory report, Thursday: Building Permits, Housing Starts, Industrial Production, Capacity Utilization, Unemployment Claims, and Philadelphia Fed, Friday: None. The variabilities of monthly economic reports should contribute to volatility.

Large cap stocks have lagged small cap stocks over the past few years. However, large caps may soon outperform small caps. Also, many industries will benefit from lower oil and gasoline prices. and many stocks in those industries will continue to rise, while "second-tier" stocks catch-up. Moreover, volatility may pick-up, short-term, while the market consolidates.

Charts available at PeakTrader.com Forum Index Market Overview section.

Arthur Albert Eckart is the founder and owner of PeakTrader. Arthur has worked for commercial banks, e.g. Wells Fargo, Banc One, and First Commerce Technologies, during the 1980s and 1990s. He has also worked for Janus Funds from 1999-00. Arthur Eckart has a BA & MA in Economics from the University of Colorado. He has worked on options portfolio optimization since 1998.

Mr Eckart has developed a comprehensive trading methodology using economics, portfolio optimization, and technical analysis to maximize return and minimize risk at the same time and over time. This methodology has resulted in excellent returns with low risk over the past four years.