Consistently Profitable Trading System

Discussion in 'Trading' started by aslv2000, Nov 29, 2009.

  1. aslv2000


    Hi All,

    I have been looking for a consistently profitable and reproducible trading system with the E-mini futures, currency futures and/or forex market to invest increasing amounts of money with it.

    Do you think such a system exists?

  2. Indeed it does exist. Market makers use it all day, every day. It is called "Buy at the Bid and Sell at the Ask." This system has worked flawlessly since time immemorial, having originated when the Lord our God traded Eve to Adam for a rib. Suckers have been trying to beat the spread ever since.
  3. aslv2000


    Hi Fleming,

    Thank you very much for your quick response.

    What about a system for us the ordinary mortals that can only one side of the market?


  4. Yeah, and that system is only operational at Goldman Sachs, as they're the only one's doing "god's work".

  5. Ordinary mortals who misfortunately are categorized as "non-professional" have an option. It is called "Buy at Support and Sell at Resistance." But it is too simple, so most traders don't use it. The first historical reference to it of which I am aware is Jessee Livermore's dictum to "Buy When They Cry and Sell When They Yell."
  6. Sometimes it is best to go with tried and true.
  7. aslv2000


    Hi Fleming and Risktaker,
    Once again I thank you very much for your posts.
    How can you find this support and resistance levels reliably? Market profile maybe?
    I look forward to keep getting more ideas. Having a lot of money to invest in daytrading and not having a consistent and proved system is driving me crazy.


  8. As a crude generalization, support dulls the mind at low volume and resistance juices courage at high volume.
  9. Look at the big players...

    The big hedge funds have become buy 'n hold "mutual funds in disguise" in the last few years. Many of the smaller players have washed out. The fact is, except for a few lucky minority, you're not going to find what you're looking for. Put your money in some long term investments and either retire or find a job for a "living" but don't count on scraps from trading. Good Luck.

  10. I concur. Buy high yielding stocks, ETF's and closed-end funds at dips and chill while the dividends roll in. Physical gold is a no-brainer, too. Resist the urge to daytrade by backtesting your brilliant ideas. That will shatter your dreams of the perfect system.
    #10     Nov 29, 2009