My reputation is already well established, I'm an award winning popular industry leader. I don't need to prove myself to anyone new, I'm followed by thousands. Geez the "goad the educator" posts on et never get fcking old to see after years here, sigh
How do I backtest this random entry strategy? It says if I buy at open (as random as it gets) every day and closing the trade according to your formula, I always net positive (average over some reasonable period)?
I never said to use random entries, I was using that extreme example to highlight the importance of exits and tight stops.. And I never said anything about always net positive, what are you smoking? See dozens of my top rated Entry strategies in my 30+ articles http://technical.traders.com/archive/combo/display5.asp?author=Ken Calhoun
Ken or whatever, has shown his closing trades and they are always odd-lots. My 16yo trades bigger size than this dude, literally. Dude, stop. MILLIONS?! WTF. You're high on more than Life.
1. I'm not a registered investment advisor, so I can't advise you re your situation 2.. One triggers other, your brokers site has details or https://www.fidelity.com/learning-center/trading-investing/trading/conditional-order-types
i just look at my brokerage statement for the whole year for 2019 and under the proceeds i traded: 4,456,997.35 and grand total: 4,577,322.76. does that mean i traded millions also?
Why get so upset and so defensive? Hard to be a coach if you keep yelling at your students every time they ask you a question. I was just asking a couple of questions nicely to satisfy my own curiosity, extending your concept of exit and management are more important than entry. I was just framing my question so I can put it to test with your help. If you are correct it should be testable and I am willing to try. If you are unwilling to answer, just say so, it is OK. P.S. I backtested quite a few strategies presented by folks here and surprisingly many were very valid.
I would say yes. If you are running a trading business, your revenue was $4,577,322.76 and your cost of good sold was $4,456,997.35 leaving you an operating income of $120,325.41. You have a good year and your trading business is thriving. Congratulations!
Just out of curiosity I looked at his website and proof of trading. It's likely he is talking about overall $ cost of stocks purchased. So technically it is correct For 2009 - Stocks proceeds are ~4.9 mil. Profit +16.8k https://trademastery.com/about/