Am I Wasting My Time?

People by doing trading are also making good money. All you need to do is work with patience and keep back testing your strategies.

 

You know, in fact, a lot of traders don't achieve results right away. And believe me, their situation looks much sadder than yours, but it is not a reason to leave everything and switch to some other activity.A lot depends on how you feel about the fact that something is not going according to plan, please do not worry about it. The main thing is to come up with a structured plan of action that will allow you to understand what you are doing at the moment and what your final goal is... And do not risk your capital, divide it into parts so that you can test certain approaches and decide which ones are best for you. Everything will be fine, don't be afraid of difficulties.

 

Some trading methods are un-backtestable, that is, impossible to implement.
Or put it this way, some methods could be backtested roughly speaking but the source for your data would be expensive/difficult to obtain.
Not every trading method is straightforward such as bars/indicators as would be assumed by the majority.
Sometimes also, discretionary methods employed by an experienced trader wouldn't be backtestedable, but an experienced traders should have no need for testing.
Imo, backtesting is for noobs.
An experienced trader attempting a new method would test with real money & small size because backtesting on a computer is inaccurate imo.

 

Can you name any examples?

I am not challenging your point, just want some help finding them.

Thanks.

 

You just need to trade statistically significant number of trades to get yourself a higher success #, like VC.

 

If I am hunting black swans and my method has positive expectancy, I just have to trade more to have a higher chance of catching the swan. Same logic in venture capital investing. One Google pays for 10-100 failures.

 

You can net 1 point ES every day. I can't do that. So, you win.

 

A super-obvious example is mis-priced corporate actions like subscription rights or stubs. Usually, these are not big enough to get involved for bigger players and yet you can make pretty reasonable returns.

 

What usually happens here at ET when examples are given...



You willing to take that chance ?

wrbtrader

 

Looks like fun.