I spent over a decade on a market making desk at a large American bank (fixed income). I'm lucky enough to have the support of my wife, time and capital to give this a shot and trade for myself for a while. In all likelihood we'll be relocating back to the Midwest to be closer to family for the kids which also play into this decision.
How did you decide what the right trading strategy for you was? How did you know what type of trading would suit your personality and give you the best chance for success?
Obviously, I'm in the early stages here and I want to be able to focus my efforts on the right things. I'm initially splitting time between learning Python and getting my feet wet here. I mostly envision a systematic trading strategy because that would seem like the easiest thing to backtest and get quantifiable results out of it. My current lack of knowledge of trading platforms and tools available are probably contributing to that belief. Any suggestions on resources would also be much appreciated.
Any and all advice or criticism is welcome but this is my first post so do be a little gentle on me! I look forward to becoming an active member of this community in 2018.
Briefly, I read textbooks, deliberately avoided online "information", discussed with successful traders I already knew, learned how to backtest as reliably as I could, and practiced a lot on demo/sim. I said more here, albeit in a slightly different context, if it helps.
I agree, and I think you make a very significant point here, that relates directly to "objectivity".
And welcome to ET.