I defiantly break the elite trader type! Special Ed High School drop out, did not know how to read or do math as a teen. Picked up everything on my own. I could fix or design just about anything, and scored an 89 the first time around on my Series 7. Worked prop for 5 yrs and have been writing...
I worked with one guy at Worldco that learned in 6 months and never had a loosing month since. It took me 4 years. Schonfelds top trader took 5 years of loosing money and begging to quit before he turned. On average the learning curve is 2 to 5 years to be net profitable! About 6 months to start...
Who cares when you can finance a home with zero money down and a minimum interest payment of 1% on a 6.5% loan! Hell I can even go out to eat every night using my credit cards! I ONLY have to do the minimum payments!
Life is grand anât it!!!! LOL
I forgot to add that when back testing a day trading system the results should be consistent every month as far back as you can go. If they donât you just found something that is a that does not work long term and soon the system will start loosing.
I would not use that system with real money! You need to account for $30 per contract slippage and commission as a general rule! Actually most of the time itâs $12.50 slippage and then the commission on the es..
Here is what I am running on 90 days back test and this is without...
20 years and retired in 1986.
Can't say at the moment kind of hiding but I was born in Detroit Michigan.
Stocks and junk bonds.
Full service brokers. wink, winkâ¦;)
Yours truly,
Ivan Frederick Boesky
Pros and cons on TS.
The best charts period.
Back testing is easy but makes quite a bit of mistakes on tick data. When the real money hits the tape expect some real issues. An example is a trading system running and it executes a trade then you get stopped out. You shut down the system and...
I am having some trouble writing a limit orders to work with my automated strategies.
So here is what I need. My strategies go like this if condition1 and condition2 and condition3 then buy next bar market.
What I am trying to do is instead of buying market is to place a buy limit order...
I guess the government does not get it. Hallmark for example can only sell cards for a few holidays a year. But for pot farmers there are as many as two 4:20 a dayâ¦.Chachingoo
I can say this, systems do work! I have a few that work great picking tops and bottoms intra day on indexes. But it took me over 5 years to figure out how and why to write a system. Personally I never believed in system trading until about a year ago.
I spent 3 of those years trading prop and...
Wow I did not know it was already that bad in some of these areas! I guess it is another opportunity⦠If I lived in some of these places I would be buying these houses for pennies on the dollar. Not to flip them. But if I got them cheap enough and with the rates out pricing buyers I would make...