Almost everyone is lying. Because there's no such...

Discussion in 'Trading' started by DeadTrader, May 6, 2019.

  1. padutrader

    padutrader

    yep
     
    #361     Oct 29, 2019
  2. ironchef

    ironchef

    Well, what about the turtles?
     
    #362     Oct 30, 2019
  3. bone

    bone

    What about “the turtles” - they weren’t the only ones making money trading in the ‘70’s and early ‘80’s.
     
    #363     Oct 30, 2019
  4. ironchef

    ironchef

    They didn't start out as successful traders but were trained to trade successfully by Richard Dennis and you said traders could not be trained.
     
    #364     Oct 31, 2019
  5. bone

    bone

    Exactly what I said was that trading takes some measure of innate art and ability and a tremendous personal investment in time and effort

     
    #365     Oct 31, 2019
  6. Overnight

    Overnight

    And a little bit of bug-eyed glare from Grace Slick, as well. You, bone, did not get to where you are without a trip down a rabbit hole of mental insanity trying to figure it all out. Nothing to be ashamed of, as you study the literal thousands of spread combinations out there. :)

     
    #366     Oct 31, 2019
    bone likes this.
  7. expiated

    expiated

    I've read that Dennis received submission from over 1000 applicants, from which he interviewed only 80, which he culled down to 10, who became 13 after he added three people he already knew, suggesting to me that he might well have been looking for individuals who already had some measure of capability and a willingness to work hard, like the top 1.3%.
     
    #367     Nov 1, 2019
  8. ironchef

    ironchef

    But but but... All 13 were very successful and made tons of money. What that tells me is the success is not in the selection but in his trading system.
     
    #368     Nov 2, 2019
    SimpleMeLike likes this.
  9. expiated

    expiated

    ...or both (otherwise he would have skipped the interview process and simply selected people at random).
     
    #369     Nov 2, 2019
    Wheezooo likes this.
  10. 931

    931

    I can relate to that, 6+ years in that path.


    At beginning i had multiple "profit increasing" bugs , as i coded everything from zero, including strategy tester.
    Developing visualization tools and tests helped to eliminate harder to find bugs faster.

    I have not learnt university level data mining or data science before, but considering it now.
    It might have allowed for alot of strange ideas that dont get taught.
    Some very inefficient and memory/resource demanding.


    If spreads were lower it would be goldmine.
    But edges narrow up almost entirely if considering realistic trading costs.
     
    Last edited: Nov 30, 2020
    #370     Nov 30, 2020