If I Was a Trader, I’d be the dumbest Trader on Earth

Discussion in 'Trading' started by KGTrader4, May 21, 2022.

  1. Nine_Ender

    Nine_Ender

    Beautiful day to deliver food and he got paid !!!
     
    #61     May 23, 2022
    KGTrader4 likes this.
  2. KGTrader4

    KGTrader4

    So did I and I don’t leave my house LOLOL
     
    #62     May 23, 2022
  3. actually did 2 door dash delivery this morning so far. i dunno, these past months, not making as much money on food delivery as compare to last year. ubereat, door dash, grub hub has been sending me shitty orders. i refuse to do any delivery that is less than $6 and more than 1 miles. maybe these companies are training the new drivers to pick up shitty orders. not me…not doing these shitty orders. so now i'm focusing more on trading.
     
    Last edited: May 23, 2022
    #63     May 23, 2022

  4. What's wrong is blind attempts at prediction or guessing.

    Use meaningful nonpredictive algorithmic trading. Your life will change :)
     
    #64     May 29, 2022
    KGTrader4 likes this.
  5. easymon1

    easymon1

    Sounds good. Where is best to start?
    How long did it take you?
     
    #65     May 29, 2022
    fullautotrading likes this.
  6. KGTrader4

    KGTrader4

    I’m not sure what meaningful non predictive algorithmic trading means. I don’t write code
     
    #66     May 29, 2022
    fullautotrading likes this.
  7. I have an ongoing "public illustration" here on ET in the journal section that you may explore and see if it may fit your needs.
    You can, in any case, give it a try. You got nothing to lose, and all to gain if it works out for you.

    (I have been working on this for the last 25 years.)
     
    #67     May 29, 2022
    easymon1 likes this.
  8. Yes, I understood from your post that you do not conceive it.

    That is why I was offering you a way out. You can just try and see. You won't leave anymore :)
     
    #68     May 29, 2022
  9. KGTrader4

    KGTrader4

    Not understanding your post.
     
    #69     May 29, 2022
  10. savoir

    savoir

    You articulated fairly well what you saw near end of day Friday and you knew that the market doesn’t go down in a straight line even to hell without a retrace. Most importantly, you executed trades based on your monitoring and analysis.

    You don’t mention your emotional state at the time you placed your trades. Maybe your thinking and feeling were aligned at the time. Maybe they weren’t.

    In any case, on Saturday morning, when the market is closed, you started this thread. Did fear kick in overnight?

    A couple of scenarios to consider:

    (A) Let’s say you didn’t wait until near the close on Friday but entered your longs after midday. Would you still create this thread on ET?

    (B) How about the same timing but your trade size was cut by half. Would you still rant on ET?

    Your focus on discipline, or the lack thereof, seems to be misplaced. I think your trading process can be improved by considering the two scenarios above.
     
    #70     May 29, 2022