Points well taken. Just thought I would offer someone looking to make 6500 bucks double that in an instant.. !!! Very simple..... ok off this topic, ... over my head why someone selling somthing wont "deal"
Maybe he would "take me in" as a client for 4500 bucks ? A time "thing" sort of a "sale" ? 6499.99 maybe better marketing.... :eek:
Yes, I do this for the money, and I yes, I like to advertise here on ET. At 50 years old, I am too young to retire. But I am also at a point in my life where I only want to trade for two or three days a week. When I trade, I trade size - I guess it's the Chicago in me. I don't even drink because I don't want to get up to piss. I am focused and it gets exhausting. From an energy perspective, it takes alot out of me. At least with a client business, I can stay involved in the markets in the days I am not trading, but I can also take my wife out to lunch or play a round of golf. So, for me at least, there is an energy expenditure aspect to the financial income component.
Munnyhunny, that is where you and i differ somewhat, but less than you think. I have what I believe to be a very good entry, and I share that with my clients. But where the tradecraft comes in, and where we spend most of our time, is in managing the trade and the exit points. If I could mechanize the exit as well as I have managed to mechanize the entry signal, we would not be having this conversation, and I would have found the 'holy grail' per se. From my personal observation of really good pit traders, their entries could have been based on a coin flip - they were that good at managing a position.
Managing a trade is an important thing obviously, but you basically agree with what I said. As you write, your goal now as you put it, is to find a "very good exit", because you have developed a "very good entry", so basically you reinforced my point. Keep the cart and the horse in their proper positions.
Important semantical difference - I have what I consider to be a very good trade exit, but in contrast to the entrance it requries some tradecraft and human judgement. This is by intentional design - I can mechanize the exit, but it really takes away alot of the profit. Listen, I shared an office with groups that ran Apama and Orc, and let me tell you that is where they had the issues in terms of automation: the exit.
anyone with system-writing experience will tell about the weakness of any blackbox approach being the exit. Market conditions from low to moderate to high volatility all demand different trade management parameters. the guys who think they can just dial up some rigid values in retail software and handle everything the market throws at them soon learn how tough it is to get the stops and exits homogenous thru all. imo the entries of an approach can be a lot more fixed than the exits. But entries are equally important: random entry anywhere in space has no edge over time, regardless how deft the money management aspect is. I have enough system writing hours behind me to know that blackbox rigid parameters are a siren song... those hard values work until they don't. pretty tough to paint one color across a rainbow of varied market conditions when it comes to the complete round-trip in trading
Dear Bone, Why do you get yourself in such a tizz about all this nonsense on ET? I really find it hard to understand why anybody who is 50 years old and been around the block would feel the need to justify themselves to a load of anonymous posts on this forum. Most of the 'size' traders I know couldnt give a s##t what people on ET thought of them. I am sure we had chatted in the past what the best route for growing your model was. Why do you keep putting yourself through this rubbish regularly? Anyway, good luck with it all If you have guys trading 2 lot spreads and making 7k scaling out in 1 lots then that really is something else
The only thing that matters here is an audited record and that is the very thing that he never ever ever shows. Do you know why ? It is a scam.
yes, yes. of course. everything for sale out there is a scam. right? law of the jungle here at ET. I wonder how everyone would react if the OP suddenly gave all his info for free right here in a 1,000 page thread. Would the exact-same info with no cost attached then remain snake oil and a scam? Or would it be annointed as one of the all-time best threads ever? sole difference being dollars and cents alone, nothing else food for thought.