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I agree start with family money. Starting at 11 is pretty young. I thought my bro had an edge over his classmates when he started at 15. But he's almost a veteran compared to yourself lol.

Hi Gifropan, Good idea. Filters you said they reduce number of trades and not neccessarily give better results. YET me and many others still use them. Why? Because its tightens the distribution of the possible returns. And that's something very important in my opinion. Another way...

I agree. Nobody said it was easy.

Hi Mark. THis poll is ONLY for daytraders. So its not a choice between daytraders and mechanical systems. Its for DAYTRADERS ONLY to tell me how they trade. Either mechanically or discretionary. Rule based methodology under the definition for this poll CANNOT be backtested so it...

Iv got a better one. My mate was playing at a casino the other night. His hand was a good one. Ace and Queen. Suited. And guess what happened next. ROYAL FLUSH on the flop!!! First time Iv ever heard about a royal flush happening. What makes it even better is that one of the other...

Hi, Im very keen what proportion of daytraders trade using a mechanical system and what proportion trade on a discretionary basis. Firstly some definitions so we are all on the same page. For the purposes of this poll: *Daytrader = a trader which trades any instrument (equities...

Hi flats, Firstly, software will not turn an unprofitable trader into a profitable one, and it will not increase the profit of an already profitable trader. What it do, however is give a trader the CONFIDENCE to be able to trade a strategy through producing a BLUEPRINT and a BENCHMARK as...

VERY TRUE and i agree wholly. Even Richard Dennis once said if he published his full trading rules in the newspaper few would be able to to trade them successfully.

Joe. You are fully correct. I DO NOT have a record worthy of consideration. Im just starting out. My weekly system only just went live a few weeks ago. But something to consider FOR THE FUTURE.

OK. Thanks for your response. I guess that is my next step then. How much does this cost? Roughly.

Almost 20% of respondents making 300k+. I guess thats why this forum is called ELITE trader. Well done guys.

Agree, and the exact reason why i blog my trading. So I have a track record that can be easily verified.

Thanks for your offer. But my systems are always well tested. Naturally, one of the (many) tests for robustness is to compare the results against those taken randomly. The difference was significant and showed that the system clearly had an edge. All the details about how i tested my...

I agree but i think its not an absolute measure. BUT its important to test across a statistically significant number of trades. My weekly system generates about 40 trades a year. If I wanted to test it over 20,000 trades, i would have to go back to the 1500s LOL ;)

A bit of: *Toys *Travel *Looking after family WELL *Philanthropy. In that order. LOL joke.

I agree wholly.

Well its taken me almost 2 years and several thousands in losses and several thousands in software and books. Dont let the cost of education get to you. Ignorance can be much more expensive. With trading, im not sure about formal education Ok, Im going to assume you come from the...

\ I googled it. Tried to find the page again but couldn't find it. What i could find just now were estimates ranging from $50m-150m. Did you hear anything different?

The kid has a 20% stake in Facebook. On Microsofts valuation thats $3billion. Obviously this guys not after money otherwise he wouldve took Yahoos $200million (his stake) cashed out and lived it up for the rest of his life. Facebook earnt $100million last year. So Microsoft paif 150x...

Ok. Im clueless. Explain to me how 1400% does not mean 14-fold gross return on investment for 2007.