Quote from T-REX: That is the overarching truth behind trading........."EXECUTION"! Quote from misctrader: "There's NO such thing as a Holy Grail. It simply does NOT exist". Quote from T-REX: again it depends on your definition of "Holy Grail"? How would you explain my journals? How would you explain my "live" demo's? How would you explain my daily vulcan reports? ......Ofcourse nothing is perfect right? maybe but its the closest thing to it. T-REX
Error404, I don't understand why you just don't trade it prop. You've obviously traded prop before as you mentioned Schoenfeld. You say the most that can be put into it is $2M. There are many propr firms out there that would have no problem making $2M in capital available with a fraction of that up front. Then just trade away as long as the system works. Why deal with finding investors or setting up a hedge fund or taking time to sell people on the idea. Just trade it prop until others discover and dilute it or it stops working. (Then you can implement plan B which is to take those trading records and use them to sell the system at $2000 a pop :eek: ) Cash
Thats fine.... ill take several "temporary" holy grail systems a year peace axeman "There's NO such thing as a Holy Grail. It simply does NOT exist".
Ok, its a clerical glitch or something or other due to rounding or some fundamental structure of the instrument. So it truly cannot be shared as it will in fact be corrected. They may come after you after the fact for your profits. But anyways good luck. Michael B. P.S.A friend of mine back in the daytrading bubble days use to enter in 1000's of limit orders each evening grossly under or over market price. He would work at this all night. LOL. Next morning computer glitch or whatever would fill him on a bad print on a couple then he would exit for a profit. He did this for several months. I don't know what eventually happened. It was at Datek at that time. (he bought a house for cash in texas at that time)
You just haven't seen enough system equity curves go FLAT after several years. Markets DO become more efficient as inefficiencies are discovered by the masses. peace axeman I agree that there is no way a trading method can be so diluted by sharing it with any number of traders to have any impact on it's effectiveness.
Axe, the line you quoted was really in reference to the kinds of "systems" that we hear boasted about here on ET by the "5% a day" guys. Obviously I don't take any of them seriously, so I can say anything about them and pretty much be safe from being wrong. As far as your comment that I have not seen systems go flat after several years, and that market inefficiencies are corrected, did you not read what I said about the program trading I (we all) witnessed in the late 80s? It used to kill me that I couldn't do it. I was on the CBOT (CBOE) and knew the guys and gals who were doing running over at the Merc. The big boys, the Susquehannas, CRTs, Timberhills, and of course the wirehouse guys could virtually print money. Too bad it took so much money to do it. The rich got richer, and the rest of us stood and watched it happen. It would be impossible to work this through a prop deal. It is about capitalizing on an order entry anomoly I have discovered. It would be neutralized by attempting to trade "prop". As I have said.....perhaps I am missing something. Or seeing something that is not really there (yet I used it today...trial run... and it worked perfectly). I will take a small amount of my own funds and see if I can indeed make my 8-10% per month. I will not risk enough money to hurt me if I am completely wrong. If I am right, I will not make enough to do much more than cover a car payment. (which would be nice, but not life changing). So that's the current plan. A small trial with real money for a few months. Backtesting will always show this to work. I already know that, but put little stock in that knowledge. And of course I have never seen anyone not be successful "paper trading". I saw the best trading results of all from Schonfeld trainees when I was there. Kids that never traded before. They were paper trading up a storm. Amazing what perfect fills will do. And of course there were those who passed their series 7 and did not know that you have to buy on the offer and sell on the bid because that wasn't on the test So they didn't even need a stock to move to make a "profit". They thought they were specialists. Even though they (in many cases) didn't even know what a specialist was. LOL. Better yet were the guys training on paper to trade SOES. (Does anyone trade SOES any more?). Peace, RS
>I will take a small amount of my own funds and >see if I can indeed make my 8-10% per month. I >will not risk enough money to hurt me if I am completely >wrong. If I am right, I will not make enough to do much >more than cover a car payment. (which would be nice, >but not life changing). This thread seems like A LOT of talk and not much action. I'll tell you what I'd do with the grail. Trade it and SHUT UP!!! JB
1) I agree that there is no way a trading method can be so diluted by sharing it with any number of traders to have any impact on it's effectiveness. 2) As far as your comment that I have not seen systems go flat after several years, and that market inefficiencies are corrected, did you not read what I said about the program trading I (we all) witnessed in the late 80s? I see conflict. Statement 1 - you say there is no way a trading method can get diluted. Statement 2 - you give example of a method getting diluted. Please resolve. peace axeman