You realize you are part of the trading education industry? Are you part of the problem? Do you recommend that you prospective customer read your disclaimer? Aside from joining TradeMastery, how would you choose an education service? I would think that aside from word of mouth, google would be the next thing I would try. I find the proof you offer lacking in context. It's fine to have winning trades and $1000 days but without knowing account size or at least some kind of percentage returns a consumer should be suspicious. As you are trading real money in real time, why don't you reveal your account size so your customers can see how you manage risk and position size. Realizing you are trading to teach you could break it into different accounts for different strategies, swing vs day trading etc. I would hope customers are more concerned with results than whether the teacher is a millionaire.
Hello southall, I create my own luck. I do not care and was completely unaware about the "sell off" in MNQ today, that is my algo job to make the decision on what to do about a "sell off". I do not recall writing/coding about a "sell off" logic in my algo. Also, what does "sell off" mean? Can you please quantify "sell off"?
Interesting. And not surprising. Humbly, my view is that you are not going to find anyone who will hold your hand all the way to a profitable trading strategy, whether that's discretionary trading or systematic trading. The exception would be if you got a job in the industry. I'm talking about the lone retail trader shopping online for advice. At best - an educator can inspire and give you ideas to backtest and check for yourself. That's the only way to learn and make progress. If you do that long enough there's a good chance you'll arrive at a good understanding of how the market moves and a method to exploit that. But at the end of the day there's no guarantees in this game and at the end of the day you're alone. Good luck on your algorithmic approach and feel free to keep us posted.
Thats is a very 'Ed Seykota' type of answer. I think you will make a very good algo trader.. Can I ask how the long your average algo trade lasts. How many days? ie. is it a day/swing/ long term trading system?
I'll tell you how i would select a trading education service: 1. They are offering knowledge in a market and/or risk factor I want to learn. 2. They have extensive experience on the buyside and/or on the sellside with that market or riskfactor. 3. They have an ability to communicate and jives with my ability to listen. PNL isn't a factor. Success and failure in portfolio management can be due to a multitude of reasons. It's incumbent on me to develop profitable trading strategies from the knowledge and experiences they pass down to me. So who fits the bill on this site? GAT bone ... that's it. Anyone who tries to convince you they are competent because of track record or because they trade real money is attempting to deflect from the quality of their content.
Incredible. Very painful to watch, as there is NO FUCKING WAY this guy is trading 15-second bars. He is a scammer for sure, and the even scarier part is that he has 57,000 Subscribers on YouTube, and 20,000 Views on this video alone. It is brutal out there. Thanks for sharing your experience, and stay away from this scum. He is like a horror movie, and he even looks like this dude:
You are right deaddog, alot of customers/traders do not know the right questions to ask. It is about risk-adjusted returns, not just returns. The trading sellers/vendors I talked to do not even give their drawdown or trading performance.
if al Brooks did not make money, how did he feed his family? Given he was a medical doctor before he became a full trader, so he must have earned some income somewhere before he wrote books and charged audience. I guess he was a successful trader, and his method stopped working anymore or he became too old to day trade, so he turned himself into a teacher
It sounds to me like your friend simply needs to take a break, like a Sabbatical. I have done that, several times. I have been trading professionally, full-time, since September 1998. Although I have simplified my trading to futures, and spend a lot less time in front of the screens, I would hardly refer to trading as "dull". It's still very much interesting to me (which is rewarding in itself), and I will probably trade until I die. I think your prop trader friend can find other outlets that are new, where he can deal with people, like Yoga class, or even CrossFit. He can become an instructor (and teach for free). Why not even got to nursing school, become a paramedic, or a volunteer firefighter? The remuneration is the reward for the effort, just one aspect of the long process. On a different note, whenever I hear someone say "money doesn't buy happiness", they usually don't have any. Want to quickly spot a liar? The person who says "money doesn't buy happiness". It buys freedom, thus happiness...