i spent the next 15 years spending that money - i ran out and i'm back trading again now, taking it slow things have changed. but i am making progress, everyone has to find their edge. the op has not put his time in so he doesn't deserve anything yet. when you first start out old timers will often help you but your too ignorant to accept the gift they give you. i was that way.
Three are many ways to trade profitably but none of them synch with the need to be right. Engineers and scientists have a need to be right. A bridge or high rise has to hold up ALL THE TIME. If you are programming a power grid for a city, the code has to be perfect. In trading you have to be OK with losing...a lot. Trading is not about being right, it's about being profitable and that has to do with behavior and belief systems as much as methodology. As far as schools and teaching...you know what they say about teaching.
Absolutely spot on. I am a retired hardware engineer and software guy and this is the hardest thing I have ever tried. I am not there yet, but I think I am getting pretty close.
Peace to you DeadTrader. I hope you find what you are looking for. I'm a long time swing trader and only trading intraday for 16 months. I quit intraday a few times in those 16 months (paused for a whole month once) but kept coming back. What kept me going, more than anything else, was ... The instruments i trade (triple leveraged ETFs) have a bullish and a bearish ETF for each market, and the inverse fund always tracks exactly opposite of the bullish one. I always reasoned, that if i had simply traded the other fund (on my losing trades) and held the same amount of time, then i would have made as much as i lost. There is nothing hugely wrong with the marketplace (opportunity). Not many folks are fortunate enough to enter a profession after 2 years of training. Most careers take 4 or 8 years. Best wishes to you DeadTrader. It's better to have tried and quit than to never try and wonder what if.
Trading is not the barometer of your life. I've spoken to traders who made 100's of thousands per year, but had the personality of piece of wood. I have less respect for them than my brother who makes $9 an hour in Israel while studying for college. Because he's much cooler. He is more kind, more interesting, and more engaging. Trading profits are worth much less than an awesome conversation, or being a great person for your friends and loved ones.
For a coder, you have everything at your finger tips and do not realize it! Trying to reinvent the wheel doesn't work. Look up Turtle Trading. The traders Richard Dennis and William Eckhardt trained, 23 people almost all of them became very good traders. You said nobody makes monies but, that is the biggest fallacy around! You have hedge fund traders making hundreds of millions or even billions of dollars and live like kings. Ed Seykota, Ray Dalio, Paul Tudor Jones. People look for the holy grail, there is no holy grail. Even trading is a game of probabilities. If you have a trading edge, you will make monies like the casinos. You only need a huge enough number of trades to rack up the gains.
the market is the boss, it will go where it will go and you have no control over it. so concentrate on what you can control your money and all the emotions that go with it. what you are trying to code are the “noise of the market” useless and waste of time. a lady came up to a famed violinist and said ‘I would give my life to play like that’ to which he replied “madam I have” I wish you well.
Perhaps the most honest post this year so far. It's an incredibly hard business to survive in and thrive in, and very few are consistently striving. Good on you and kudos for admitting that you have not found an edge and are leaving this endeavor. You do your bank account and family and friends and above all, yourself, a great favor admitting this. It takes self confidence in admitting one failed at something. I respect you for this, and also respect you for calling out all those sharlatans who prey on beginners and the greedy.