Hello savoir, You nailed it sir. Algo back testing helps, but it is not the undisputed answer. As you said , the only answer is someone showing you or along time of trial of error. It is not rocket science, although people try to make trading rocket science.
Doing great. thanks for asking. Life is unfolding as it should!! So you do know someone who had some success trading, how come you are not dating her anymore? (Nevermind it's none of my business) Do you keep in touch and is she still trading? When you say you researched the ES futures market, what did that entail?
Trading can be as complicated as a person wants to make it. I think the KISS principle works well in trading. Your account of your female friend and you is the best story I’ve read or heard about how someone got introduced to trading. I’m including even Reminiscences. Keep learning, keep striving.
Good Evening ironchef, Here is another insightful post from me. This is why I prefer to click the buy and sell button by myself alone: Because Trading Books are Liars, trading friends are Liars, Trading Teachers are Liars, Trading videos are Liars, Trading Psychology is Lying. Everything on ET forum is a Lie, its just casual trading theory entertainment. Everything in trading is a Lie that does not come with a track record to show me PAIN recovery. You see, that track record going to show me what happen doing drawdown. I know what drawdown recovery feel like and what it smell like. I want to see PAIN recovery. PAIN-to-WIN recovery. Otherwise its a lie. This mean I am truth in my own trading, I can lose and still win at the same time, because I own my own truth in trading. Such thinking it to me is beyond powerful, even more powerful when I am at 100 ES contracts. The only thing that is not a lie, is my own self trading experience and a track record. And My PnL and my ability to recover drawdown. Those two things is ALL I care about in my trading. Experience, although time consuming, and costly to those who risk too much, is the only teacher in trading, unless someone who is profitable consistently sit next to someone and teach them personally. Everything else the trader is listening to or reading is a Lie. This is why I do not read trading books or following anyone trading advice. Trading advice and trading theories is a lie. For example, if I am millionaire trading, I WOULD NEVER give anyone trading advice or teach or even talk to another trader. Hence, the reason you never see me give trading advice on ET, I rather keep the truth to myself and get rich on my own. I will show my track record only. I probably just lie to them, just because I do not have time to give the truth, and truth takes too long in trading to explain. Why would I give another trader advice on how I make millions trading? That does not make good business sense, right? That is why everything on trading website is a LIE. Because we all business men/women first. So its easier to sell a Lies and talking about trading theories.
Would you try to fly a plane without any training? SML thinks he can fly a F-35 by spending time in Sim. He’s been at it for almost a decade now, guess these next three months at gonna be lit. His pearls of wisdom The thing is with his attitude and mindset it’s like “successful trader repellent.”
@SimpleMeLike , if you ever get to 100 contracts trading ES, invite me to dinner. I'm pretty sure I'm within driving distance. I want to see it with my own eyes.