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Two problems with your reasoning here. A) Most automatic programs are HFT. If you trade well away from that frequency, there is no competition. B) A program is no smarter than its programmer. If your algorithm (aka trading plan) is better than their algorithm, you'll win regardless of their...

A really serious gambler would bet his Kelly fraction only when it was positive, i.e., when he had the advantage. The Kelly fraction can be positive without equalling 100%. But maybe that's just me. To me, the gamblers are the ones who don't have positive expectation. How serious they are...

So your statement "If the maximum amount you are willing to lose is not 100%, you are just gambling" is meaningless in the context of trading. First of all, if you're willing to LOSE 100%, you're not just a gambler, you're the ultimate degenerate gambler. Second, you should be willing to BET...

A sure thing in trading is extremely rare. Can you give an example of one?

How well does your method "work" if it enables big losses? Aside from the rare black swan, I mean. A working method by definition cuts losses short. If not, it fails.

That's the same mindset you had when you blew up your own fund. Lesson not learned, apparently.

Wrb sees a bazillion different aspects in trading. No thread would ever go anywhere if you tried to cover all he suggests. In reality, there are only three key aspects: When do you enter a trade? (Entry strategy) How much do you enter a trade? (Position sizing) When do you exit the trade...

Would you be willing to post a couple of your better backtests to give a flavor of what's possible out there? Thanks.

Just out of curiosity, if you were interested in outside funding, how would you go about getting it? I mean demonstrating your edge without disclosing your strategy, attracting the right attention, etc. Thanks.

Strictly speaking, gambling is when you chose to play zero-expectation or negative-expectation games, that is, games in which you have no advantage. This describes all casino games with the possible exceptions of poker (if you are the most skilled player at the table) and blackjack (if you can...

You come here saying you're looking for edges, then when asked what constitutes proof of an edge in TA, you say to find you. Yeah, whatever, dude.

A few questions ... What constitutes proof of TA to you? Is there a website that features your business? Please give the URL. Can you give two examples of non-TA edges you've gotten funding for from here or elsewhere? How successful have they been? Thanks.

There's your problem right there. You're waiting to see TA properly quantified. You're waiting for evidence. Why? The TA that works is obviously valuable. Why would anybody hand it to you or any other internet stranger for free? What do they get out of it? An occasional thanks from a forum...

How could you know for sure that nothing is properly quantified in technical analysis? Just asking.

Couldn't help but notice the stark contrast between your title and your trading method. As others have indicated, you need to simplify. Nothing wrong with using daily and weekly data, and nothing wrong with using indicators. But your overall procedure seems a bit much. No way of knowing for...

The problem for the klanboys here crying crocodile tears for Ben Carson is that they don't know the difference between Black conservatives and Black weird asses. I know a real-life Black conservative. He is not a weird ass. I suspect many Black conservatives are not weird asses. But Herman Cain...

Uh, no. Simons is brilliant, no doubt. And he certainly knows things. But 'genius' means things you seem to be unaware of. A minimum IQ of 150, for starters. Typically a genius is a kid who graduates high school by the age of 13 and graduates college by the age of 17. That's not Simons...

Exactly. I don't know why some folks here are crazy about this video. Simons didn't spend one second talking about the mathematics of trading. Not one. Indeed he seemed intent to talk about anything but that. I at least expected him to give some theoretical basis for why trend following stopped...

Thorp deserves great credit for bringing the Kelly formula to the world of trading. But I believe his specific trading strategy involved warrants, a method almost nobody uses anymore.

Surf is very ignorant about math, no wonder he blew up his hedge fund.