Advice from the experienced

Discussion in 'Strategy Building' started by vanilla2, Mar 26, 2003.

  1. Bingo!
     
    #11     Mar 26, 2003
  2. I know you that, and you said it sarcastically and I felt the need to let himn know where that sarcasm comes from.

    That is all:D
     
    #12     Mar 26, 2003
  3. God i butchered that e-mail, sorry but it is still legable.:D
     
    #13     Mar 26, 2003
  4. gnome

    gnome

    OK everybody... let's rag compisnada for butcherin' a post!!!:D
     
    #14     Mar 26, 2003
  5. Basically, tradestation so far has told me that the best trade I can make is NO trade.

    I'm rapidly concluding that I'm better off not trying to replicate my intelligence in "easylanguage". Or maybe I'm just not that intelligent...
     
    #15     Mar 26, 2003
  6. lol so is anybody going to help the newbie? :D
     
    #16     Mar 26, 2003
  7. gnome

    gnome

    You go first.
     
    #17     Mar 26, 2003
  8. Well, I can only say I have not one single clue! Designing a system is for the gurus. I know a couple CTA's that use systems and they do well, but then again they have been doing this for a long time and they are usually proprietary.

    I have a program that auto executes trades through tradestation too J-trader that doesn't need to have any adjustments made on the easy language code. But as for the design, well I am a broker that only knows my services and that is all.

    I would never give trading advice. Now it is your turn Gnome! :D
     
    #18     Mar 26, 2003
  9. thanks compisnada - what is your j-trader system doing? is it a black box?

    broker is the place to be, it sounds.
     
    #19     Mar 26, 2003
  10. After you have spent 15 hours a day for a full year or two,
    come back and tell us your really out of ideas.

    If your already out of ideas this quick, your toast.

    You have to realize, your competing against entire
    TEAMS of programmers hired by wall street looking
    for a mechanical edge. For every 15 hours you put in
    each day they are putting in thousands of man hours.
    Not to mention all the independent traders out there
    doing the same thing with far more experience than you.

    Anything which can be figured out in 10 days, 15 hours
    a day has already been done and has been optimized
    right out of the market. The market is already efficient
    in that manner. Unless you just get lucky and stumble
    across something no one has ever thought of.

    Think hard about this. Your expectations are way
    out of whack. Mechanical systems are TOUGH, and take
    much more work and research to achieve than you
    have put in so far. The road ahead of you is far longer
    than you will ever imagine.

    Good luck. Tenacity is key.


    peace

    axeman





     
    #20     Mar 26, 2003