Sunny Harris interview about her 4 decades long trading experience

Discussion in 'Psychology' started by Pekelo, Mar 27, 2023.

  1. volpri

    volpri

    #81     Apr 1, 2023
  2. Darc

    Darc

    She studies Charts for 14 hours a Day???!!! Yet has been Trading for 40 years. Doesn't sound legit.
     
    #82     Apr 1, 2023
    themickey likes this.
  3. Pekelo

    Pekelo

    I think she said she works 14 hours and that probably includes any and all kind of work. Nobody studies charts for that long.

    For me the lack of automatization is more strange. Why would a coding trader do any screen time if the trading strategy can be coded? Just automatize it and enjoy your life.
     
    #83     Apr 2, 2023
  4. king1999

    king1999

    Interesting thread. I also learned of Sunny Harris from one of those YouTube interviews and was intrigued by her experience and claims. I have done some research on her background and methods. Here is what I found:

    She co-founded and sold a computer graphics company and retired with 2.2 million. She traded the 2.2 million to about 10 million in a few years, but left penniless when embezzlement happened at the brokerage (was a well-known incident to the old timers). She had to start over from scratch, including doing a trader's catalog magazine to make some initial fund. She has been a success ever since as she found her system in trading her dynamic moving averages (DMA) and later Sunny Bands.

    I don't have her indicators, but understand her construction of the DMA which is basically an EMA with variable length based on some momentum calculation. I have constructed something similar in AmiBroker and did find that it had less false signals during sideways market. Sunny Bands is nothing more than the Keltner Channel but uses her DMAs instead of EMA as the center line.

    I think she is legit based on the way she talked about trading and the materials on her website, though we have no proof on how successful she was/is. I can't say if her indicators are worth the money (most of them are very simple shortcuts except for the DMA and Sunny Bands), but I guess that would depend on each individual. Some wouldn't spend a single penny on any indicators, and others would shell out thousands without blinking their eyes. She does provide 7-day free trial, though I don't use TradeStation and can't do it.

    She has a podcast series interviewing many old timers including Larry Williams, et al. That's cool to listen to even if you don't care about her.
     
    #84     Apr 4, 2023
    athlonmank8, Tradess0610 and Pekelo like this.
  5. destriero

    destriero


    Brokerage loss had to be an FCM.
     
    #85     Apr 4, 2023
  6. Why would she have tied up all her money in a brokerage account, and with a single firm at that?
     
    Last edited: Apr 5, 2023
    #86     Apr 5, 2023
  7. Pekelo

    Pekelo

    Interesting info although:

    1. If she had that good trading record, she would have been able to find backers fairly quickly.

    2. Even better, she could have started a small hedge fund with that record. Risk other people's money while you earn a salary. Karen the Supertrader had 300MM AUM with a worse record in a few years.

    3. I am not sure why she didn't mention this in 3-4 different interviews? One wisdom would have been from her: Don't put all your money in 1 brokerage.

    "Sunny Harris began trading on her own after a fund manager lost a big chunk of her investment." <<< this refers to a 7% loss, yet a 10 MM, 100% loss is not even mentioned?
     
    #87     Apr 5, 2023
  8. What I am inferring from your observation is that the whole narrative doesn't quite pass the smell test. Which, if you will recall, was my conclusion as well.
     
    #88     Apr 5, 2023
  9. king1999

    king1999

    1. Yes she did. But closed the fund because she was tired of the annoying calls from clients.
    2. See 1. Not everybody likes to handle clients. Many successful traders had similar experience if you read the Market Wizards.
    3. Not everybody likes to talk about their own failure (or loss) as that would bring back a lot of emotions.

    I am not defending her but just to point out that not everybody fit in the mold of you think a successful trader would be in.
     
    Last edited: Apr 5, 2023
    #89     Apr 5, 2023
  10. It doesn't answer the question why she would have all her eggs in a single basket. And why would she have everything in the market, let alone with a single broker. You said she was left penniless after the embezzlement.
     
    #90     Apr 5, 2023