Serious Question

Discussion in 'Index Futures' started by Real Money, Aug 30, 2019.

  1. Real Money

    Real Money

    In my opinion the only thing that really matters is your free cash flow/debt to equity/net worth and your personal freedom. Money is money regardless of how you make it. My account is just getting riskless interest while I am working. Don't have time to trade yet with my current job.
     
    #61     Sep 7, 2019
  2. Overnight

    Overnight

    Then just try it with your riskless system.

    And since you have now verified that you do not trade, you have some work to do!
     
    #62     Sep 7, 2019
  3. Real Money

    Real Money

    I'm up to $122,000 total funds counting everything if I walked away from my job today. I am considering all options for my future. The edge I found is very real though.

    That's because I have a structural edge.

    All these other guys have weak edges. I'm gonna be rich someday.
     
    #63     Sep 7, 2019
  4. Overnight

    Overnight

    Keep your job, and trade your system live. This way, if you find your system does not work live and you start losing, you still have income and can prevent becoming homeless.
     
    #64     Sep 7, 2019
  5. Real Money

    Real Money

    I doubt it. You can make 10% in a day? Doing what exactly?
     
    #65     Sep 7, 2019
  6. Overnight

    Overnight

    By taking risks. In sim anything is possible. All it takes is luck in sim. But when it comes to the real? The money that if you lose you will become homeless on? It takes on a whole other meaning.

    That $122,000 you have? Better not risk much of it, because it seems to me that you belie your nickname.

    You haven't actually traded futures live? Still confused on that.
     
    #66     Sep 7, 2019
    Wheezooo likes this.
  7. Real Money

    Real Money

    I've only traded small money live on FX. I am still building quant systems. I'm a math/stats genius. But, trading is my little pet project, my favorite game.

    I have respect for everyone who trades, but there is no shame in waiting until you are in the strongest possible financial position before assuming additional risks.

    Having more money is an edge, and I like having edges. :)
     
    #67     Sep 7, 2019
  8. Overnight

    Overnight

    Here's an example, for example...

    You have $10,000 in an account.

    You go long max lever at a broker that grants you $500 day-trading margin per contract on the YM.

    That is 20 contracts. So long 20 contracts. The instrument YM goes up 200 points, like it does many times these days. That is $1,000 per contract. So at 20 contracts per one grand, you have just made $20,000. You have made 200% in one day.

    That TRUMPS your 10%.

    Any questions?
     
    #68     Sep 7, 2019
  9. Real Money

    Real Money

    Actually, your wrong my sim trading was 225 round trips. You just got lucky on one trade. I would say that my results are more impressive.

    Maybe if you did at least 10 trades like that I would say you're good.
     
    #69     Sep 7, 2019
  10. Real Money

    Real Money

    In fact, I'd like to see you trade 200 times in a day and not go broke.

    Also, on a risk adjusted basis your returns are worse. You were levered 250:1 on that trade and abusing margin reductions.
     
    Last edited: Sep 7, 2019
    #70     Sep 7, 2019