Good Evening MarkBrown, Thank you Mark for the response. Great write up. I never thought about the correlation of NYSE market and CME SP 500. Thank you.
Thru the years I've had a lot of trader tell me they use it for trading the SPY and some specialized baskets of stocks.
Good Morning MarkBrown, I have a question for you to gain your opinion. What do you believe in or prefer? A. 1 or 2 trading system to reach your overall trading goals year to year. Trading capital requirement = about $20K B. A portfolio of many uncorrelated trading systems to reach your trading goals year to year. Trading capital requirement = +$200,000
I think you need to master one market using one method and then expand on that. Each market and each method must make it independently on it's own. This is key before the next step. Then you can start to combine different strategies once you have components that each have profitability. Building a basket from this will hold up in the long term. else: If you take the basket approach from the beginning then it may work for some time before it blows up and you will have no idea why. So then basket traders will change up the basket and try again. It's just a maddening process to short cut that way. So to answer the quest start small and take huge risk because as you grow the account you will be fearful that you will lose what you gained. Become accustomed to blow out's it's what makes a great trader. Get use to losses do wild crazy shit with little accounts and then when you do grow the account you can better resist the urge to become just an investor. The biggest regret that very successful traders have is that they lose that hunger that drove them to make it in the first place.
Good Morning MarkBrown, I agree with you. I do not know anyway else to get rich quickly in the ES market, without doing wild crazy shit consistently. I am content with this crazy trading for now. If I blow my account, I do not care. It is better than being poor. Being an investor is a waste of good time and opportunity cost.
From my personal experiences "investing" might do a little better than break even. When you consider the "real" cost of living (not the fake numbers the government gives everyone) and the diminishing purchasing power of the dollar. Think about a persons wages, has anyone gotten a 100% increase in wages last year? Because groceries have gone up 100% over the last year. Yet the government gonna tell you it's 3% THAT IS BULLSHIT. So yea I seen that you been taken some heat for being a wild man, I'm all for wild it's the only way to get ahead of the world economy doom. But be wild with a plan, and understand that plan is valuable even if it fails. Never forget the failures and move on to the next trial and error. Stay small till you know you can kill it and after a trial run go all in and never look back.
Good Evening MarkBrown, lol you are soooo right. I certainly did not get a 100% raise last year. And cost of living is very high now. It is very hard to save cash as well with expense cost being so high. I agree with you. I am wild trader in the ES but I have rock solid, robust, unbreakable plan that I follow. if all goes well, I get my million dollars soon. I have to be aggressive when trading the futures market or I will lose money. Look what happen when I "thought" I had a trading systems with pure Edge from January 2023 and on. I got my butt tore up the core. Trading Drawdown is the worst pain I ever felt in my life. I started trading this system below in January 2023, lost $25K to-date. I recently turned it off hoping for a come back. I rather work at a day care 10 hours a day with screaming kids in my ear all day, then sit through this misery of pain again in my life. Maybe this system will come back one year. I do not know. So yes, I trade wild, I do not care, as long as I am not in drawdown. This is why I like your system, no losing years. VERY impressive.