Trade essentially three systems - a pretty basic and simple one, average complexity one and above average complexity. They all compliment each other and all of the information and data is helpful, usable and generally high quality. However, between the systems and all the information I look at I have difficulty tracking all of it sometimes which can lead to execution issues and information overload. I'd like to find at least on person to work with(not limited to) that would be interested in seriously day trading futures in the US markets every day consistently(outside of an emergency obviously) who would be willing to split information duties so that we can both find more high quality setups, via having more high quality information without having information overload or effecting execution. Already have a very strong general baseline as to how this would work. Completely aware too much information, even if it's great is worst than decent information if it overloads you or gets in the way of execution. I'd still like to have the best of both worlds (all this information without effecting execution). Would prefer to work with someone who a decent knowledge in trading, but do not really want to work with someone who is currently extremely successful in trading. The reason being is it's difficult to find a good value exchange to make and keep them interested and in addition: #1 They are generally not as a hungry as someone who's just turning the corner or hasn't yet had success. #2 They sometimes have all the money they can desire or need , so even if it appears someone may potentially be able to trade better or use technical analysis better then them they actually find this as a negative as it can hurt their ego / pride. That may sound crazy but once money isn't an issue for people anymore they tend to look to other things to judge, gain, keep or try to obtain happiness. For me this about trading well, discipline, execution and making money. Do not have the time, energy or interest in any type of ego driven adventure. I am hungry and looking to execute and advance. This would be trading via voice during the entirety of US Markets. So trading stamina and desire is going to be needed, with having the available time with minimal to no distractions. Also, take this seriously enough to meet in person if we live within reasonable distance and makes sense to do that. If this sounds like something you would be seriously interested in and have the time and desire for, than feel free to send me a PM. Thanks
I am sorry if something in my post offended you, but some of us haven't yet earned enough income to be looking for emotional validation over money. Not saying one day I won't fall into that trap, but currently it's not something I am personally interested in.
generally, such a partnership is not a good idea. the partners are going to fight non-stop. Just look at this ET forum and see how people fight! trading is not rocket science. you don't need very complex science. you don't need to analyze tons and tons of information. however, if a person is good in technical (but poor in mind management), partners with another who is good in mind management (but not so great in technical), it is workable. trading is divided into two portions : - waiting and waiting for the signal. This is the job of the first partner. - when there is a signal, enter right away. then manage scale-out, adjust stop loss, target profit. This is the job of the 2nd partner. I have seen such partners sharing one trading desk in the trading house.
Regarding the fighting - Voice conversation and/or meeting in person takes care of that. Very few people are willing to act as stupid and ignorant as they do on here when they are speaking via voice and even less willing to act like that when meeting in person. It's very difficult for someone to troll via voice in a live trading environment for very long. They will be exposed in short order. Plus I have a strong baseline on how things would work, either someone is on the same page and has the same vision or they aren't. If they aren't we both just move on. Sure, it could end up being a waste of time. That's a calculated risk I am willing and prepared to take. It's true it doesn't need to be rocket science to make money and be consistent, that doesn't mean that complexity has no place, particularly if it provides a a stronger edge. The only reason why you wouldn't want more high quality actionable information is if it gave you information overload or prevented you from effectively executing. Which if I can't find anyone to work with, than I certainly have to and will cut some things out. You don't have to sit and wait though. Complexity doesn't just have to be about the information(in this case that is one of the things, but not the only one), but also in about the amount of high quality trades to locate via looking at multiple charts, particularly using variety of range charts which the ATR is always the same, so you can do quick math on base expectancy of a move when you get a trigger or signal. So, waiting and waiting for a signal, doesn't have to be something so painful if two people are active and on the same page. Furthermore there is a lot of information to keep track of that can be helpful: #1 Means reversion back to imbalance levels. On strong quick up moves creates and overbought scenario which generally about 85-90% of the overbought move will get retraced either almost immediately or if it's delayed than on a proper sell signal when you go short that is typically a good general target to take profits on. A lot of people make the mistake of shorting overbought too soon, generally speaking overbought is actually a bullish sign and you want to be holding some of your long position as a runner into overbought. Only under a few special scenarios is it worth it or appropriate to aggressively short overbought and even than the risk / to reward isn't always the cleanest or greatest. #2 Tracking momentum of a chart. If momentum is above a certain threshold than shorting inherently has a lower probability to not only work, but even if it does work the likely hood of a deeper initial pullback also is reduced. Not to mention there are repeatable patterns in momentum as far as concerning trend. Not necessarily to initiate a trade off of, but the patterns can help you avoid taking bad trades, which to me is just as valuable if not more so than taking a good trade #3 There's essentially distribution and accumulation happening on every chart and on every chart you are either losing or regaining and important level, which is generally a good place to enter a trade as this is where your risk / reward is generally the best. #4 Divergences is another pretty powerful thing that I find personally difficult to identify and catch in real time, while still tracking all of the other information. Not to mention there's special setups in the markets as well that don't happen often and I could list even more things, this is just a brief macro overview of some of the things that aren't necessarily needed, but can greatly increase your probability and profit factor if you have the information going into the trade. As mentioned I am completely aware at how powerful simplicity can be in trading. Still think it's possible to have the best of both worlds and that's what I am going to be moving toward to accomplish if given a chance to work with someone who understands the vision and wants to put in the effort.
I don't agree with that. All depends on what you call "trading". Trading stocks, options, forex, futures... Trading hft, daytrading, scalping, short term, longterm... Return 1%, 10%,100% ... a year Depending of what combination you take from the parameters above, trading goes from very easy to horribly difficult and complex. Everything in life is difficult and at the same time easy. All depends of the expectations you have. So for each individual it can be a different degree of difficulty.
So you mean you are looking for someone who you can market gossip with but isn't good enough to call you out on your voodoo?
Majority of those that fight on here are trolls though provoking fights on purpose. Mature and professional traders are not going to fight. If it's not something that we can agree on and it's not something that's suitable anymore, we will just leave.
dude just watching where this goes - i am always fascinated by these types of post - thru the years i am cheering for at least one such endeavor to succeed. btw i had the best partner ever - i called the shots he did the scaling - in two days of trading we made millions that i lived on for decades. we decided to take some of the money and open a brokerage and that's when our partnership blew up over a business deal. i wish i could go back and do things differently but that is life.
What voodoo are you claiming that losing and regaining levels in the markets are irrelevant? and that everything in the market is random chaos? Sure there are moments on each individual chart that are in chaos mode where no real edge is obtainable. But there certainly are edges to obtain at other times. You're claiming means reversion isn't a thing? I would agree people often use means reversion incorrectly and it shouldn't be something heavily relied upon, but you act like it's something that doesn't happen. Are you claiming there's no such thing as divergences in the markets? Or what is your claim I am willing to travel and meet someone in person or spend 8 hours a day talking to someone on voice, just so I can share my voodoo with them and waste their time and mine? Is your thesis I am so wealthy I can afford to do this? Or that I am so lonely that I want to spend 8 hours a day talking about the markets with someone I don't know? Just for kicks? What would even be the point? I genuinely don't even see how you can type out that sentence and be ok with it. I can assure you I don't have the money, nor am I that bored to do what you are insinuating. Furthermore I am not going to do too many more responses to people who appear to be either trolling or just looking for some type of emotional validation (ironically what you're potentially accusing me of). EDIT: I truly don't want to debate, but when people come out of the gate with such raw negativity, it's a little annoying so I am going to push back a little. However, like previously mentioned not going to be spending my time arguing with people for nothing. I respect my time and even respect your time enough not to do that. Thanks.