Search results

I disagree with the statement that nobody sells good systems. I sell them. In fact, I sometimes give them away! The devil is in the details. I have over 200 systems that have worked in various markets at various times in the past. Some of them are not currently profitable; some of them are...

1. Watch some videos and read some books. (1,000 hours or more) Continue reading and studying the subject the rest of your life. I've been trading 48 years, and I still study and learn every day. 2. Paper trade. (2-3 months minimum) 3. When you're ready to commit real money, find a mentor and...

I've been programming since 1965 (Fortran IV) and trading since 1969. Since you are not already a programmer, I suggest you forget it if you are more than 30 years old. The road is too long. Both skills are reasonably time-consuming to acquire. That said, if you simply must go ahead, you might...

1. I get ideas from various sources - other people, online articles, my own head. 2. I find winning strategies are about 1/3 of those I test. I have written well over 200 winning strategies over the past 15+ years. They don't win in all markets at all times, but under the right circumstances...

The rich are not different THAN average; though they may be different FROM average.

I have over 200 strategies that have worked, off and on, over the past 15 years or so. The only one that has worked for longer than a year is this: Buy Home Depot every day except Tuesday near the close and sell it the following trading day about 9:45 Eastern time. This has returned about 20%...

Way, way, way more than that. I'm not sure whether it can be taught. I think so, but I'm not sure. Several people have asked me to teach them trading. I usually decline because I feel they just don't have the right mindset. I have accepted a few, and most of them did well, but some didn't, so my...

I believe that is possible. It will take some reading, experience, and perhaps most important, work on your personal psychology.

I started trading in 1969. I was 25. I lost almost all of my bankroll in a year. I saved more and tried again...and again. The first year I made a profit for the year was 1984 - 15 years later. Today, I make a living from trading. Nowadays, I think one could become profitable in a year or two...

Gold, silver, and anything tangible and fungible is immune to inflation. Prices for commodities change as a result of inflation; value doesn't. Inflation is the inevitable outcome of reliance on fiat currencies.

Your method seems waaay too complicated to me. I have a simple spreadsheet that calculates expectancy, but the site declined to allow me to upload it. Bummer.

Most day traders lose money. As for those who make money, the amount varies with time, market, and person. i have made 400% ROI on one trade. I have lost 100% on trades. Last year, I made about 16% return on my account for the year. The year before that, I made about 25%. Mostly, I trade...

Baloney. "assuming you are protected from inflation," is never a valid assumption. Therefore, the rest of it is nonsense. "If pigs could fly, then..." Well, pigs can't fly, so whatever follows is worthless.

Support/resistance has always worked, but breakout strategies generally work only in bull markets, of course.

I don't know. Back test it for yourself. I only went back five years.

ETFs or futures (ES, NQ, YM).

Your plan sounds good to me.

Form a C-corp, not an S-corp or LLC. Open a brokerage account for the corp. The brokerage will provide you with a 1099 at the end of the year. Easy-peasy.

It took me 14 years. Nowadays, I have several edges, and I give them away - free to all. For example, buy Home Depot about 10 minutes before the close every day but Tuesday. Sell it the following trading day around 9:45. Over the past 5 years, this edge has returned about 20% per year every...

Read books, watch videos, and be on the lookout for someone who is willing to be your mentor. When you really want to make money, you'll need to change brokers. That can wait, though.