your summation is masterful! not saying this guy is like that but it's what i also got from his post, looks like he needs a trading slave. maybe op can take this criticism and use it to better explain. ----------------- adding suggestion for op: if you are overwhelmed then pick one market the best one like i did for me it's the emini sp. master that one market and forget all the rest. if your good at trading focus on one water buffalo and kill the thing. you may find that you don't need the baggage of a partner and the drama that comes with that. yes continue to look for a partner but get on with it focusing on one market you may discover you don't need anyone.
It's not the criticism, it's that you came in with preconceived notions regarding me and my post(you basically admitted as much), followed by Mr Muppet making his own statement, which you promptly followed up with a like to this post because it further reinforced what you were looking to find. Is that not a near perfect sum up of the previous events that took place? Not to mention you even said you yourself had a similar partnership, so you can't plead ignorance as to why you had a preconceived notion. You know it's possible, yet still chose to go down this route calling it "criticism". To me it seems more like lazy negativity without any structure, it's certainly possible that's just my take though. I am not trying to sound overly critical or negative to you, I am really not. But my first little paragraph to me at least sums up things reasonably well. If you or everyone else disagrees that's certainly your right and all I can do is apologize to you individually for wasting your time. However, it's not going to stop or persuade me from trying, so I appreciate your kind warning of "low probability for it to work", is basically where I think you're getting to, but I am already aware of that.
I do focus primarily on one market Nasdaq futures, since its generally the most expansive and active. I don't just have a 5 minute chart up though waiting 2 hours for a signal. There's nothing wrong with that and I have no issues being patient, but the point is there are tons of high quality trades on smaller and larger time frames to be had, given you're able to effectively parse the data in a manner that is providing an edge and able to do it quick enough not to effect execution. Certainly I can watch one, even three charts myself. That's exactly what I'll do if no one else is interested. The point is I'd like to capture more high quality trades if possible, I mean who wouldn't? Assuming you can and it's possible, why would you want to wait 2 hours for a setup, when if you're watching multiple charts you may find a high quality setup within 30 minutes? Also, since you've traded for a long time I am sure you're aware that's there valid strategies and ways to make money going long on deep pull backs, but there's also additional trades once the market stabilizes and begins to force shorts out, overwhelm sellers and start to clear out some imbalances above. This is taking place on all time frames, breaking important relative lows or highs and regaining them, making the last relative highs or lows targets for price once buyers or sellers get control of a direction. In other words the market is not so one dimensional that if you miss a deep buy setup that means you have to turn your computer off for the day or wait another 2 hours for a pullback. That may be one of the highest quality trades for the day, however doesn't mean there's not other high quality trades to be taken that are still reasonable, just not quite as good.
i will post no more not to clutter you post - but people are reading all this and wondering exactly how you see this working. your post is vague one what a day spent with you would be like, let alone where your headed with this. share your vision of how this all would transpire and maybe some will find that attractive. i sincerely hope you can find a great partner to trade with. ---------- ps see your post above - i don't think you should keep taking so much about methods it looks like you have that down. what you need to talk about is how is a day with you going to be, are you structured? do you have a frame work ready, have you put the work in on accurately defining what the process will be. or you flying by the seat of the pants wasting someones time? it's ok if your in the experimental stage, but you will attract a partner if your in the ready to make money stage. just some things to think about.
The Information you have comes from watching the charts or industry contacts? What do you provide them? Chart analysis is not very useful I find Vs industry info from someone close to the pulse/source. Just my opinion. GL
My experience and reality has been I've seen quite a few successful long term retail traders who use charts analysis and are successful. Some use indicators, some just use price action based on the candles. Personally I use a combination of both. There's a lot of overlap anyways between them and information to be ascertained both ways. What exactly do you call chart analysis? If you call chart analysis just like two lines crossing each other and than pressing the buy or sell button than yes, I agree and I wouldn't want to use Chart Analysis either. But if you have solid concepts behind it, context and counter-measures to identify which trades have higher probability to fail under "x" circumstances therefore you should avoid them. Than I find chart analysis very helpful. Everyone talks about the dream people sell retail(which is true no doubt). People also sell you or at least what you to believe that automation and algo's run the markets and traditional analysis is dead, can't make money trading manually etc etc. That is pretty crazy as well, the baseline price structure of the markets hasn't really changed in forever. As stated there's still important levels being lost and then regained and relative highs and lows still become magnets for price once bulls or bears have taken over in that segment of the market.
Thank you, not that my opinion is the ultimate end all, but I consider this not only criticism, but constructive criticism. To be clear I am not looking for a partner for any type of monetary reason or for funds. Not that I am inherently against that, but it is not something I am pursuing at this time. I certainly can't and won't claim I am 100% structured and ready to roll. But I am not flying by the seat of my pants either. It's pretty precise and clear what I am doing and as stated I have a baseline of how I want to structure things, but it also depends on the other persons skill level, ability to multi-task and etc as to how well things will work and their will likely need to be a little customization depending on who I am working with as each individual is different. Also, if someone has something better than what I am using for my baseline, I am not against using that set system, while adding in my more dynamic one. But as far as information and what I am looking for, I am pretty confident in that. The bottom line is I am willing to take a calculated risk and invest some of my time with a few people to make this work. It certainly isn't a 100% guarantee, but again it's a risk I am willing to take. If no one else feels it's worth the risk to their time, fair enough that's completely understandable and not going to blame anyone. Lastly someone commented on why I don't want to work with someone who's extremely successful, it's because of the value issue. Too difficult for me to show or prove value at this point to someone who is already extremely set, without literally meeting them in person and trading in front of them. It's very important when working with someone that both parties are clear on the value they are getting and receiving, otherwise one will either get bored, be unhappy with the arrangement or etc. So the only way to make things work is to make sure you find a good value match. Not sure if this clarifies things anymore or not.