Registered: Dec 2008
Posts: 1158

I have a friend who works at JPL doing space shit for NASA. He is freaking brilliant, I guarantee though he couldnt come up with a profitable trading system. His brain just isnt wired that way.

Book smarts doesnt necessarily mean good trading.

I find your argument invalid. The day the entire world has to live up to the standards of stuck up academic elitist to find success is the day I put a bullet in my skull.

Registered: Oct 2006
Posts: 1559

---

Quote from zx12:

A great example of what I'm talking about!! He's one of the best there is, and still working on it! So how is a regular guy, going to do it?? He has made a good buck trying to get it though! Close but no cigar!

---

Registered: May 2006
Posts: 5838

---

Quote from zx12:

After being quiet for years, I figure I would do a public service and maybe save people some money! Unless someone out there is the next Einstein, trying to have a fully automated profitable system is NOT going to happen!! I will tell you why.

Every year the brokers go to the university of Chicago, Northwestern University, M.I.T., etc. etc. and offer the top math, physics & IT people UNGODLY amounts of money to come up with a profitable system, and to date it hasn't been done!! I'm not talking HFT programs here, where speed & volume is the main trick. Which is very difficult in itself!

So, if the very best minds in the world have tried & can't do it. Why do so many people think they can?? Seriously, it was 10 times easier to build the first atomic bomb!!

---

trad.jpg
This has been downloaded 535 time(s).

Registered: Sep 2005
Posts: 4539

Google the names of The Original Turtles, you will find a very low key turtle M.I.T grad still running a fund.

Registered: Jul 2008
Posts: 2037

Depends on what portion of the game you play.

Market Makers and Brokers making the spread, Commissions and gamma scalping are almost entirely automated containing risk and making consistent profits.

Retail Traders with small cash reserves and leverage are the reason the players above are able to make consistent profits.

Registered: Jun 2003
Posts: 360

The ability to be flexible and dynamic along with understanding market structure is what these MIT and the smartest kids do not understand or have put in the years to understand so put your fancy degree in my pipe and I will smoke you like market pros do to Ivy league grads for sport.

Advantage Futures

Futures Brokerage & Clearing

AMP Global Clearing

Futures and FX Trading

Bright Trading

Professional Equities Trading

CTS

Futures Trading Software

DaytradingBias.com

Professional Trading Analytics

ECHOtrade

Professional Trading Firm

eSignal

Trading Software Provider

FXCM

Forex Trading Services

Global Futures

Futures, Options & FX Trading

Interactive Brokers

Pro Gateway to World Markets

JC Trading Group

Direct Access Trading

MB Trading

Direct Access Trading

MultiCharts

Trading Software Provider

NinjaTrader

Trading Software Provider

OANDA

Currency Trading

optionshouse

Option Trading & Education

Rithmic

Futures Trade Execution Platform

SpeedTrader

Direct Access Trading

SpreadProfessor

Spread Trading Instruction

thinkorswim by TD Ameritrade

Direct Access Trading

TradersStudio

System Building & Backtesting

Trading Technologies

Trading Software Provider

Trend Following

Trading Systems Provider