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    Why do people believe day trading will get them rich quick?

    One of the more important benefits to be derived from teaching anything is to learn the subject more deeply and more thoroughly. When I received my Concealed Carry Weapons permit, I wanted to become more skilled with a handgun. So I took the instructor's course. Eventually I became an...
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    Why do people believe day trading will get them rich quick?

    Exactly right and elegantly stated. I am jealous of your skill with words.
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    Why do people believe day trading will get them rich quick?

    If you are referring to me, you are wrong again. Big surprise for someone batting 0 so far. My real money account is autidable. That is what I report on. Pay for the audit by a qualified auditor acceptable to both of us who will report on percentages and not amounts. If I have been...
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    Backtesting Metrics

    Being wrong and being rude. An interesting combination. I didn't know answering dubious questions was now considered trolling. I could just ignore you, but then some newbies might be misled. I loaned my copy to a friend working for an investment firm on some strategies of their own...
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    Data mining challenge

    Several years back (7, I think) I was working on an AI project where I built a genetic algorithms tool kit. I know this will sound like the maxim, "If the tool you know is a hammer, every problem looks like a nail." From my recollection, this would be a good means of attach. By now there are...
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    Backtesting Metrics

    My trade filled, so I'm back. Cornered. Oh, I can't wait to hear an explanation for that. Do tell! I have no idea why saying I have friends in the military would scare anyone away from anything. My friends in the military primarily come from two of my areas of interest. I am a private...
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    Backtesting Metrics

    The op was addressing the issue of developing. That is sufficient justification for my recommendation. The rest of your post is what my friends in the military refer to as a "target rich environment." I'll give you a pass, as I'm off to my trading platform for a bit.
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    Why do people believe day trading will get them rich quick?

    It ain't necessarily so. But you gave yourself an out by qualifying it with "most likely." :) There are some who are successful by my standards (millions per year), teach and find teaching extremely rewarding in and of itself. Therefor, in that sense, it is not a waste of their time. I even...
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    Backtesting Metrics

    My favorite source is "Design, Testing, and Optimization of Trading Systems" by Robert Pardo. A bit academic in presentation, but full of ideas to help you move forward and to avoid fooling yourself.
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    Why do people believe day trading will get them rich quick?

    A competent reading of this thread and my sentence would have made the necessity of adding this clarification unnecessary. I am now doing so on this forum as well. So for you only, "I am also now doing so on this forum as well. My journal on the other forum began Nov 25, 2010. The...
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    Why do people believe day trading will get them rich quick?

    I'm sorry to disagree, but the performance facts are undisputed. You can ignore the facts or present counter arguments. I post my trading plan before the market opens. I post my trading summary after the market closes. I summarize my results when the option series expires. These are facts and...
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    Why do people believe day trading will get them rich quick?

    Tools are useful. What's your contribution to the planet? Hate to repeat myself, but it just seems relevant. And yet there are the results. And they are undisputed.
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    Why do people believe day trading will get them rich quick?

    And yet there are the results. And they are undisputed.
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    HowardCohodas Index Options Credit Spread Trading Journal

    31 DEC 2010 Trading Plan From the Dashboard above I have the following trading plan for tomorrow. Compare the plan with the Dashboard as I will eventually just post the Dashboard Image. Opportunity Incomplete Iron Condors 26 Roll Candidates 35 New...
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    HowardCohodas Index Options Credit Spread Trading Journal

    Thank you for your interest. In the next week or so I will put up some posts here that outline my strategy, how I came to it, what I understand about it and what I don't understand. I've learned a lot from some pretty smart people. Part of what I've learned is that I don't completely...
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    Why do people believe day trading will get them rich quick?

    Your interpretation and mine differ. This can happen even among people of good will. And yet there are the results. And they are undisputed. We'll see
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    HowardCohodas Index Options Credit Spread Trading Journal

    Thank you kindly. Live long and proper.
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    HowardCohodas Index Options Credit Spread Trading Journal

    No trades today. Iron Condor 13 expired. Profit profile: Spread 56 - 3.5% Spread 30 - 6.9% Spread 54 - 8.4% Spread 66 - 4.6% As an Iron Condor: 28.6%
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    Why do people believe day trading will get them rich quick?

    Care to offer any evidence of your claims? Other place is awful? By what criteria? In the eyes of whom? No serious operator would waste there time there? Perhaps > 200,000 forum members, among other reasons. Supported by bookmakers? Do you mean spread betting support? They are based in...
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    Why do people believe day trading will get them rich quick?

    Apparently you dozed instead of reading the entire journal, otherwise you would have noted that some of the challengers may have changed their initial views.
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