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  1. Steve Alexander

    Day trading realistic expectations

    Here's what's realistic: If you are fairly well-read, and you are in the top 5%, you might make 10% annually, day-trading. If you swing trade, and you are good at it, you can make 30% per year or so. Chances of losing money over the course of a year are about 90%. You might lose a little, or you...
  2. Steve Alexander

    Standard Deviation

    I have written many automated strategies, with and without standard deviation. It doesn't help.
  3. Steve Alexander

    screengrabs for some strategies i have developed.

    I recommend that you (and anyone else) don't attempt to trade any of your strategies with real money. When I began writing code for automated strategies, I soon discovered several ways to produce equity curves like the ones you show. None of these perfect-looking systems can be traded for real...
  4. Steve Alexander

    the holy grail technical indicator really exists!

    I am of the opinion that there are little green men on Mars. Prove me wrong. Illogical.
  5. Steve Alexander

    Sorry If I Am Asking Help in the Wrong Place But Please Some Good Soul Help Me and My Mom

    I suggest you get a job. Become productive. Stop trading.
  6. Steve Alexander

    I always seem to sell too early.

    Tip: Stop doing that.
  7. Steve Alexander

    Is it possible to become rich by trading?

    I believe it is possible to become rich trading. To be more specific, it is possible for SOME people to become rich trading. Trading is limited by the depth to which one understands himself. Rich traders know themselves quite well. Knowledge of themselves gives them knowledge of others, and...
  8. Steve Alexander

    the reason indicators don't work isn't because they're lagging

    In my experience, volume is predictive. I have written code to back test this, and it is profitable. The general rules are: 1. If volume and price are both rising, price is likely to continue rising. 2. If volume and price are both falling, price is likely to turn around. 2. If volume is rising...
  9. Steve Alexander

    what are your professions beside being a trader?

    Electrical engineer, computer programmer, pilot, and CEO. Trading 49 years. Profitable every year since 1984.
  10. Steve Alexander

    Is it too late to become a daytrader at 30?

    IMO, it's possible but highly unlikely.
  11. Steve Alexander

    I walked away from trading with nothing after more than five years.

    You didn't study long enough. I traded for 14 years before I made an annual profit. Thereafter, I have made enough money every year for a comfortable life.
  12. Steve Alexander

    looking for a new system....

    I take your request as serious, and I have a suggestion for you. This system takes perhaps 5 minutes every week or so, and it makes over 1000% ROI in back testing over the past year. That means that if you trade with real money, you'll probably make 200% ROI, assuming the market does something...
  13. Steve Alexander

    Has anyone found a profitable auto system ?

    I have about 200 auto systems that have been profitable at various times in the past 15 years or so. I am currently running three systems that have been profitable for the last year. In my experience, auto systems work for a while and then the market changes and a different system is needed. I...
  14. Steve Alexander

    Electricity Futures

    Shocking.
  15. Steve Alexander

    I would like to become an automated trader. How do I start?

    Try TradeStation Easy Language. I've been using it over 10 years. I tried C# and MT4, too. Easy Language is easier to learn and use.
  16. Steve Alexander

    Which strategy would you trade?

    None of them. Instead, I'd trade mine. Trading QQQ daily bars, $100k beginning bankroll. 43 trades, ALL profitable. Profit for the year = $86,425.54, so far. Max draw down = $11,651. All commissions and fees included. It's not for sale, I haven't written a book about it, and I don't offer...
  17. Steve Alexander

    I have lost over half of my net worth/life savings trading forex.

    The first year I traded, I lost my entire account.That was about $18,000, 1969-70. I saved up again, and in the next couple of years I lost about half of my account. It was 14 years (1984) before I had a profitable year. There was no Internet, no PCs, no pretty colored charts, no candlesticks...
  18. Steve Alexander

    I think I have a winning strategy. What can I do with it?

    Write about your system on Elite Trader. Many smart-asses will bad mouth you and your system. Go forth and be awesome, anyway.
  19. Steve Alexander

    Two tax questions

    Nobody can answer your questions because those questions don't have answers. That's the way the tax code works. It's fuzzy. That way they can accuse you, and you have no recourse. I have been filing taxes for 55 years. My annual income has varied between $936 and $330,000. The IRS has audited...
  20. Steve Alexander

    Trading mentor

    I attend three separate trading groups. I enjoy them and often learn something new. I don't have a mentor to recommend. I have mentored a few (seven) people. Four of my students are profitable; two are not currently trading; and I lost contact with the seventh, so I don't know how she's doing...
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