The rational majority know this and appreciate your stuff and all the others that contrubute their ideas and viewpoints while they endure the banal bullshit dished out by those that can't, globalarbtrader. Consulting Kvetches are rarely sought, even time and motion study guys gotta produce a considerable work product at the end of the day and remain unobtrusive by intent while formulating a pathway forward to present, rather than standing around yelling "Hey stupid don't do that!" That ya can get all day long everywhere for free. Hard to get rid of actually as we all know, lol. People getting things done use routine common sense and due diligence. They formulate criteria, apply stats, practice buyer beware. They silently endure the 'one in every company' Kvetch until he can be shunted off into a task space away from the doers, and a 'Hazardous Corosive' label hovers above his head when 'on the loose'. You know the ones. They are a dime a dozen and can be difficult to shake. He doesn't do lunch, lol. At least one of 'That Guy' haunts any group or company of size. If a group of people of this suppresive personality type were selected solely and exclusively, and assembled to comprise the entire staff a company upon which a Reality TV Show were based, I would definitely have a homebrew and tune in for a few episodes, lol. Mahogany row, the department heads, the managers, the warehousemen, the janitors, the CPA's, the Legal team, the RnD wing, Production, the whole shebang. Hell yeah, Hand me down one of them cold brews there, would ya?... Due Diligence Criteria / Stats Buyer Beware Yeah, we know. lol Why you pissing the carpet? Bowser! Outside!
Good Morning globalarbtrader, I enjoyed the read. I appreciate your contribution to the trading community and fellow inspiring traders. I few years ago I spent time on your website learning about trading system models/building and the content was very valuable to me. Can you please explain a bit more this comment to me please: This obsession with seeing performance before you trust someone is a bit silly really. Can you please explain a bit more of what you mean be this statement above? I would like to understand your view point of this. Thank you
Are you just too lazy to do your own stats? Wouldn't you like to have them done for you and given on a silver platter? If you have two brain cells to rub together, you know that it is simple common sense to believe None of what you hear and only half of what you see. Now how likely are you Sim, to believe any "performance stats" given to you? AND WHO'S FAULT WOULD IT BE IF ONE WERE STUPID ENOUGH TO DO SO? You been on this screed for years and it always ends up with you walking away in order to...; - from what you tell us, to use your "gamble" technique to play the markey. Additional to that you claim to sim with a ratio 1 stop to 1.5 profit. Entries based on "Art"? and Exits based on "The Ratio". Has anything changed? What is working? What is not working? What is next? If you want performance stats, first define the method in writing, solidify the "rules of the trade setup / trigger" and - Are you listening? I said did you heard me man? Let me hear it Sim, Louder! Sim, C'mon Sim I can't hear you Sim, Say it for me Sim! DO YOUR STATS! Otherwise resign yourself to ten years to reach profitable Artistic intuitive trader guru status. Free country. Stop with the terminal Kvetch. It just makes the carpet smell bad. We already know how you cats feel. ...and Cat Piss Is The Worst. Damn, that was a nice rug too. Deny human nature SimpleMeLike, DO THE WORK YOURSELF. lol Use these tools below. Due Diligence Criteria / Stats Buyer Beware Simple, no? Do it. Here... https://www.elitetrader.com/et/thre...bot-builder-mentor.369234/page-8#post-5662397
And they both get you to a destination. Similar to trading. Depends on what you really want. If money is what trader is after, trading system doesn't have to be overly complex or/and expensive. If fun and thrill - there are many ways to throw money and time into it getting only what was truly desired in return.
If your objective is to make reliable returns using an automated trading system, look up some already available systems. The path to being a developer of automated trading systems emphasizes the less important skills, i.e. development. Understanding technical analysis and trading experience, along with a deep understanding of trading psychology are far more critical areas of importance when it comes to successful outcomes.
That only applies to discretionary trading. Systematic or Auto/Algo trading requires a good understanding of trading metrics and statistics. Analysis of trading results from backtesting is uber-important.