Think and grow rich

Discussion in 'Psychology' started by Frederick Foresight, Jul 17, 2022.

  1. Overnight

    Overnight


    Fine. You have been on this forum for 8 years. Longer than I have. But at some point you gotta' knock off the training wheels, and start doing it LIVE, man! "Getting fooled by randomness?"

    Your backtests were randomness, just as your forward tests will be.

    Just figure out what the markets do MOST OF THE TIME, and you have the +50% win ratio! That's the winner!
     
    #81     Jul 20, 2022
    SimpleMeLike likes this.
  2. Millionaire

    Millionaire

    You are sending him down the wrong path.

    The markets (especially intraday) are close to random most of the time.

    But occasionally they make a non random big move.
     
    Last edited: Jul 20, 2022
    #82     Jul 20, 2022
    SimpleMeLike likes this.
  3. This only took about 2 days to build and test. Here are 2 in test now.

    I would like to be rich one day and make alot of money too.

    upload_2022-7-20_20-49-52.png



    upload_2022-7-20_20-50-51.png
     
    #83     Jul 20, 2022
  4. Hello Millionaire,

    lol, there will be no sending me down the wrong path my friend. My algos are live and I tasting the life of freedom.

    "But occasionally they make a big move." Best thing you ever said, and so true.
     
    #84     Jul 20, 2022
  5. Overnight

    Overnight

    FALSE!

    The markets trend north, and have been doing so since their inception. That is by design. The trends sometimes goes askew, as is evidenced from Jan 3rd this year, but they do trend up. So...What do markets do MOST OF THE TIME when the Fed pauses rate hikes? It goes UP!

    Watch for the pause!
     
    #85     Jul 20, 2022
  6. What happened to that man just last week.....who said he wants to make $100/everyday in the market, and not more.
    He is a simple man. He doesn't want more money or more problems.

    The Devil has hooked you,
     
    #86     Jul 20, 2022
    SimpleMeLike likes this.
  7. Hello MacBookProHo,

    What is up big captain?

    Yes, I will be here on ET in 2032, perhaps talking about the same things.

    Is there something wrong with that?
     
    #87     Jul 20, 2022
  8. Overnight

    Overnight

    That strategy is not feasible in the real world. You'd need tens of millions in the account to even attempt that.
     
    #88     Jul 20, 2022
  9. Hello Overnight,

    What @millionare is stating is that a trader needs to be in position when the market makes the moves at minimum of 30% of the time to gain those big profits over the next X,XXX amount of trades.
     
    #89     Jul 20, 2022
  10. Hello MacBookProHo,

    I am working on that algo as well good buddy. Its coming.


    upload_2022-7-20_20-59-9.png
     
    #90     Jul 20, 2022