Anyways, the money is in. And as expected i am already facing issues with liquidity, i think this system will cap out with an account size of 750k. I just dont want to invest all this time into one system/strategy for it to lose its effectiveness in 5-6 years time. Ive began working on a secondary momentum strategy on small to mid cap stocks. My only regret was not perusing a math or programming degree instead of finance since it would be useful now. Since my account size almost doubled I also have double the work now. Keeping track of 20-30 positions, my end of day accounting PnL/ screening new stocks, and putting 3-4 hrs a day into the new strategy and research/ reading.
You're kidding.. right? You expect that whatever you design will work 10 years plus? I think if you found a strategy that you could milk for even 2 years you would be golden.
yes it does Ive been using this strategy for 5 years and it would have worked in the last 20 years. Its more of a method than a strategy
I actually tend to agree with qxr1101. When it comes to trading, there is hardly any specific information out there. Compare this to any other discipline. In medicine, surgeons don't go around keeping key aspects of open heart surgery secret. Engineers don't hide their careful calculations of loads and all this stuff when designing bridges. But when it comes you trading, you can barely get a person to prove they are profitable or show a trade log. Trading relies of a huge group of people making the same mistakes over and over again. There is no shared universal quest to improve trading like there might be for medicine, to improve everyone's health, or structural engineering, where it is in everyone's best interests that buildings don't fall down. If there was a common goal to make every trader profitable, well, clearly this could never be possible.
Well then, this a whole different thing entirely. Buying low and selling high will more than likely always work. And cutting losers quickly and letting profits run will probably be a money management strategy that will also stand the test of time.
I would change majors if I was you and if I was truly concerned about not being employable in 5-10 years. If you keep on being consistently profitable then you will not find a problem getting a trading seat at a hedge fund at some point. Your finance degree is/will be worthless either way. If you really want to be hedged then switch to CIS, medicine, engineering, architecture, or learn a handcraft. Those are all jobs with a future. Finance as major means nothing and is just a paper diploma. Unless of course you do a MS in Financial engineering with heavy emphasis on AI.
I already know what I want to do and that is to trade, for my self. After i graduate in May i will not be going back to school. Its already hard enough to try and balance my small part time job with trading, it will be impossible to do a graduate degree and trade full time especially the way I trade. I truly believe that trading requires 100% of someones attention in order to succeed. There is no being on the fence about it.