To quote Bernard Shaw — 'Never wrestle with pigs. You both get dirty and the pig likes it.'
Algo & Quant traders
- Thread starter wxytrader
- Start date
Hello globalarbtrader,
I understand what you are saying.
But algo and quant trading is too hard, for me atleast, because I can never find 1 algo to making me consistent money month to month to pay my bills and get rick quickly! So I gave up.
You are the only one I know with an algo that makes money in the ES and NQ futures market. It is too hard.
It FAR easier for me to just stare at chart and guess and click and less time consuming and cheaper. Yes, I am gambling and guessing but I do not care, I got money in the bank to have fun. And that is all I care about. I do have swing algos, but man, that drawdown for months and months is bullshit. I loss my ass with that swinging algo last year, about $15K cash money. EVERYDAY living in drawdown begging for system to come out drawdown. Too much pain for me right now.
1 ES contract margin is only $500 and another $2000 for cushion or losses, that is $2500 investment to get rich and make monthly income.
Algo, you need about $50,000 for that big drawdown that will come. Complete waste of my time.
To be honest, need both : Algo and manually guessing in the ES future market incase Algo not working.
too much work with algo for little reward, takes too long.
Hello globalarbtrader,
That is nice to know.
95% of traders and funds use algo trading systems and are quants. - Good for them. Maybe they know something I do not know. I hope the getting rich.
I am sticking to my eyes and the guessing game of manual clicking everyday. This is what put money in pocket. I do not care about the algo trading systems and quants traders, not my style and toooooo much work. And personally do not like working hard.
How to say that you're completely clueless without saying that you're completely clueless....Cool...but where are the projections? These are basically indicator based trading rules...you are essentially playing a numbers game, but are not being capital efficient because you are being reactive not proactive.
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Hey it looks like you too consider your risk exposure to be 1SD for the time you are holding the position versus the total capital in the trade...
wxy arguing with Rob about how to make money trading
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Don't diss the NQ dude....
Good Evening taowave,
lol, man I been this trading for about 6 year strong man.
Sorry man, but I am not working hard anymore. It is stupid. When I can just stare at the chart and click and buy and sell button all day long and put money in pocket AND scale size if I am doing well.
NOW, you want me to go back to back testing algos, reading trading books, and NOW be a Quant Trader, no sir, NEVER doing that shit again. I waste sooo much time with that crap.
If I can not make money in 1 hour trading, its a waste of my time.
You be an old ass man trying that algo trading systems stuff and it still not work. it is just a waste of time.
And once again, I still havent seen any algo yet trading 1 ES or 1 NQ contract made more then me in a month yet.
Look at that for the month below. Money in the bank baby.
Now go enjoy the rest of my day having fun. While quant traders have to go and look for edge and all that data crap.
Quant and algo traders have to bet about $500,000 on about 50 algos just to make money every year.
I never see these people with just 1 algo and bet about $20,000 on it. That is why I do not believe in that stuff anymore. Easier to just click guessing.
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