And then?
Almost everyone is lying. Because there's no such...
- Thread starter DeadTrader
- Start date
And then?
i spent the next 15 years spending that money - i ran out and i'm back trading again now, taking it slow things have changed. but i am making progress, everyone has to find their edge. the op has not put his time in so he doesn't deserve anything yet. when you first start out old timers will often help you but your too ignorant to accept the gift they give you. i was that way.
MattZ
Sponsor
You have an asset that many do not. put it to work. Build your own.
Three are many ways to trade profitably but none of them synch with the need to be right. Engineers and scientists have a need to be right. A bridge or high rise has to hold up ALL THE TIME. If you are programming a power grid for a city, the code has to be perfect. In trading you have to be OK with losing...a lot. Trading is not about being right, it's about being profitable and that has to do with behavior and belief systems as much as methodology. As far as schools and teaching...you know what they say about teaching.
Absolutely spot on. I am a retired hardware engineer and software guy and this is the hardest thing I have ever tried. I am not there yet, but I think I am getting pretty close.
Peace to you DeadTrader. I hope you find what you are looking for. I'm a long time swing trader and only trading intraday for 16 months. I quit intraday a few times in those 16 months (paused for a whole month once) but kept coming back. What kept me going, more than anything else, was ...
The instruments i trade (triple leveraged ETFs) have a bullish and a bearish ETF for each market, and the inverse fund always tracks exactly opposite of the bullish one. I always reasoned, that if i had simply traded the other fund (on my losing trades) and held the same amount of time, then i would have made as much as i lost.
There is nothing hugely wrong with the marketplace (opportunity). Not many folks are fortunate enough to enter a profession after 2 years of training. Most careers take 4 or 8 years.
Best wishes to you DeadTrader. It's better to have tried and quit than to never try and wonder what if.
Trading is not the barometer of your life. I've spoken to traders who made 100's of thousands per year, but had the personality of piece of wood.Hi
I'm a coder and data scientist. I have been working on trading for over 2 years. Spent lots of money. Every trainer i have paid lies. Because, there's no profitable system. If there's, nobody will teach you what it's. Trading is a zero-sum game. Your odds are same in Vegas. There's no such profitable trading system.
For example:
ForexSignals - Andrew Lockwood
He claims he's trader but i have never seen his real account. He make money by selling products.
Warrior Trading - Ross Cameron
Ross claims he made $500 to $100K in 45 days or so. He has a new challenge and he claims he made 1 million but it took years. If he could make $500 - $100K, why not keep doing the same? If you can not trade with a lot of money, you can still trade with $500. All he teaches is how to trade flag breakouts.
Warrior Trading - Steve Dahl
Steve Dahl is a showman. He claims he's trading. He never shows his statements. He says something like it's against the rules. All he's doing is, marketing his product TAS Market profile. His stoploss is like 250 - 350. Not for every trader. He trades trades futures (!).
----
And here are some so called profitable strategies...
Order Flow Trading
There's no such thing. You can see supply and demand (support / resistance). However, price is never overbought or oversold. Price is always right. There are anomalies but they are not easy to see. There's 50% probability that S/R will be broken or bounce. You can never know if someone going to click on the market buy/sell button.
Price Action
Even my random chart generator does have price action. It's all random and there are trends...
High Probability Chart Patterns
Nope! HS, engulf, pin bar... All of them tested. Your chance is still less than 50%
Trading Algos
They are not fake and profitable until they become losers. Most of profitable algos risk 4 or more to get 1. One day, they will lose all the money
Backtesting #1
I have coded a random trade simulator. This script enters a trade randomly. 1:1 RRR and traded more than 10.000 (simulated). However, system never but never won more than 49%. (no spread or commissions calculated). You can say, if there's 50% probability, how come system can not win %50? Of course it can not win. We have stop-loss at the same range. Sometimes, market stops us and goes back to target.
Backtesting #2
I have created a simple moving average strategy and put the script in a loop to find the best matched values. After a few hours, i had enough data and plots. However, i strongly believe that, winning algos will lose by time. Everything changes. They worked in the past and it doesn't necessarily means that it's going to work in the future.
---
Market is always right. It goes, where it wants to. We can never know the future. Some says, we don't know or predict future. We see and trade "now". It's not true. "Now" is the future. All you see is the historical data. Our brain is used to perceive positive things. That's why it looks so easy. It's not!
There's no scientific study that proves trading is profitable. Come on guys. Really? Don't you think that there are profs trying to find some scientific evidence? Don't tell me about momentum. It's all luck... That's it.
---
Everyone says aim for 1%-2% return per month. Lol! How can you trade for living? Assuming that you need at least 3-4K per month. So you simply need 300-400K account to make 3-4K per month.
I know there are trainers here. Please stop stealing peoples dreams. Most of you claim that your course is not get rich quick scheme but it's. You are advertising like it's.
---
Nobody can have 50% win rate with 1:2 RRR consistently. I'm almost sure about that. Here's the simulations i have done.
Initial balance: 10K,
Risk 1%, win-rate: 50%, rrr: 2, simulated 500 trades (~2 per day)
Results: 114509.51, 77677.79, 92915.19, 241527.18 etc...
if Risk is 2% result is something like 2,513,901.02... x250 in a year!
Risk 1%, win-rate: 40%, rrr: 2, simulated 500 trades (~2 per day)
Results: 42756.02, 34693.05, 23534.11, 36827.51
If you have a system 1:2 rrr system and your win rate is 50%, you are lying or you are lying. Because we both know that you don't have such thing.
-----
Now why am i writing all these? Because i have started to find some patterns 2 years ago with hope. I was almost sure that i could do this. Hundreds of times, i tought i became millionaire. But there were always bug in the system. Failed tens of hundreds of times. Most of my trades stopped by a few ticks only or missed by a few ticks.
I'm working on this for 2 years and i have nothing left. It's like addiction. I know i will not be able to profitable but i'm still on it. Even if i can find a profitable strategy i will not be able to trade because no more balance left to trade. Actually I have found one. But it's all historical... It worked last 10 years and i doubt it will work tomorrow.
I know i know, most of you will call me loser and get mad at me. You are right. I'm a loser. I accept in advance and still love you. This is just my opinions. Like everyone says, these are not financial advice
Now i can go in peace...
I have less respect for them than my brother who makes $9 an hour in Israel while studying for college. Because he's much cooler. He is more kind, more interesting, and more engaging. Trading profits are worth much less than an awesome conversation, or being a great person for your friends and loved ones.
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Hi
I'm a coder and data scientist. I have been working on trading for over 2 years. Spent lots of money. Every trainer i have paid lies. Because, there's no profitable system. If there's, nobody will teach you what it's. Trading is a zero-sum game. Your odds are same in Vegas. There's no such profitable trading system.
For example:
ForexSignals - Andrew Lockwood
He claims he's trader but i have never seen his real account. He make money by selling products.
Warrior Trading - Ross Cameron
Ross claims he made $500 to $100K in 45 days or so. He has a new challenge and he claims he made 1 million but it took years. If he could make $500 - $100K, why not keep doing the same? If you can not trade with a lot of money, you can still trade with $500. All he teaches is how to trade flag breakouts.
Warrior Trading - Steve Dahl
Steve Dahl is a showman. He claims he's trading. He never shows his statements. He says something like it's against the rules. All he's doing is, marketing his product TAS Market profile. His stoploss is like 250 - 350. Not for every trader. He trades trades futures (!).
----
And here are some so called profitable strategies...
Order Flow Trading
There's no such thing. You can see supply and demand (support / resistance). However, price is never overbought or oversold. Price is always right. There are anomalies but they are not easy to see. There's 50% probability that S/R will be broken or bounce. You can never know if someone going to click on the market buy/sell button.
Price Action
Even my random chart generator does have price action. It's all random and there are trends...
High Probability Chart Patterns
Nope! HS, engulf, pin bar... All of them tested. Your chance is still less than 50%
Trading Algos
They are not fake and profitable until they become losers. Most of profitable algos risk 4 or more to get 1. One day, they will lose all the money
Backtesting #1
I have coded a random trade simulator. This script enters a trade randomly. 1:1 RRR and traded more than 10.000 (simulated). However, system never but never won more than 49%. (no spread or commissions calculated). You can say, if there's 50% probability, how come system can not win %50? Of course it can not win. We have stop-loss at the same range. Sometimes, market stops us and goes back to target.
Backtesting #2
I have created a simple moving average strategy and put the script in a loop to find the best matched values. After a few hours, i had enough data and plots. However, i strongly believe that, winning algos will lose by time. Everything changes. They worked in the past and it doesn't necessarily means that it's going to work in the future.
---
Market is always right. It goes, where it wants to. We can never know the future. Some says, we don't know or predict future. We see and trade "now". It's not true. "Now" is the future. All you see is the historical data. Our brain is used to perceive positive things. That's why it looks so easy. It's not!
There's no scientific study that proves trading is profitable. Come on guys. Really? Don't you think that there are profs trying to find some scientific evidence? Don't tell me about momentum. It's all luck... That's it.
---
Everyone says aim for 1%-2% return per month. Lol! How can you trade for living? Assuming that you need at least 3-4K per month. So you simply need 300-400K account to make 3-4K per month.
I know there are trainers here. Please stop stealing peoples dreams. Most of you claim that your course is not get rich quick scheme but it's. You are advertising like it's.
---
Nobody can have 50% win rate with 1:2 RRR consistently. I'm almost sure about that. Here's the simulations i have done.
Initial balance: 10K,
Risk 1%, win-rate: 50%, rrr: 2, simulated 500 trades (~2 per day)
Results: 114509.51, 77677.79, 92915.19, 241527.18 etc...
if Risk is 2% result is something like 2,513,901.02... x250 in a year!
Risk 1%, win-rate: 40%, rrr: 2, simulated 500 trades (~2 per day)
Results: 42756.02, 34693.05, 23534.11, 36827.51
If you have a system 1:2 rrr system and your win rate is 50%, you are lying or you are lying. Because we both know that you don't have such thing.
-----
Now why am i writing all these? Because i have started to find some patterns 2 years ago with hope. I was almost sure that i could do this. Hundreds of times, i tought i became millionaire. But there were always bug in the system. Failed tens of hundreds of times. Most of my trades stopped by a few ticks only or missed by a few ticks.
I'm working on this for 2 years and i have nothing left. It's like addiction. I know i will not be able to profitable but i'm still on it. Even if i can find a profitable strategy i will not be able to trade because no more balance left to trade. Actually I have found one. But it's all historical... It worked last 10 years and i doubt it will work tomorrow.
I know i know, most of you will call me loser and get mad at me. You are right. I'm a loser. I accept in advance and still love you. This is just my opinions. Like everyone says, these are not financial advice
Now i can go in peace...
For a coder, you have everything at your finger tips and do not realize it! Trying to reinvent the wheel doesn't work. Look up Turtle Trading. The traders Richard Dennis and William Eckhardt trained, 23 people almost all of them became very good traders. You said nobody makes monies but, that is the biggest fallacy around! You have hedge fund traders making hundreds of millions or even billions of dollars and live like kings. Ed Seykota, Ray Dalio, Paul Tudor Jones. People look for the holy grail, there is no holy grail. Even trading is a game of probabilities. If you have a trading edge, you will make monies like the casinos. You only need a huge enough number of trades to rack up the gains.
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the market is the boss, it will go where it will go and you have no control over it. so concentrate on what you can control your money and all the emotions that go with it. what you are trying to code are the “noise of the market” useless and waste of time.
a lady came up to a famed violinist and said ‘I would give my life to play like that’ to which he replied “madam I have” I wish you well.
a lady came up to a famed violinist and said ‘I would give my life to play like that’ to which he replied “madam I have” I wish you well.
Perhaps the most honest post this year so far. It's an incredibly hard business to survive in and thrive in, and very few are consistently striving. Good on you and kudos for admitting that you have not found an edge and are leaving this endeavor. You do your bank account and family and friends and above all, yourself, a great favor admitting this. It takes self confidence in admitting one failed at something. I respect you for this, and also respect you for calling out all those sharlatans who prey on beginners and the greedy.
Hi
I'm a coder and data scientist. I have been working on trading for over 2 years. Spent lots of money. Every trainer i have paid lies. Because, there's no profitable system. If there's, nobody will teach you what it's. Trading is a zero-sum game. Your odds are same in Vegas. There's no such profitable trading system.
For example:
ForexSignals - Andrew Lockwood
He claims he's trader but i have never seen his real account. He make money by selling products.
Warrior Trading - Ross Cameron
Ross claims he made $500 to $100K in 45 days or so. He has a new challenge and he claims he made 1 million but it took years. If he could make $500 - $100K, why not keep doing the same? If you can not trade with a lot of money, you can still trade with $500. All he teaches is how to trade flag breakouts.
Warrior Trading - Steve Dahl
Steve Dahl is a showman. He claims he's trading. He never shows his statements. He says something like it's against the rules. All he's doing is, marketing his product TAS Market profile. His stoploss is like 250 - 350. Not for every trader. He trades trades futures (!).
----
And here are some so called profitable strategies...
Order Flow Trading
There's no such thing. You can see supply and demand (support / resistance). However, price is never overbought or oversold. Price is always right. There are anomalies but they are not easy to see. There's 50% probability that S/R will be broken or bounce. You can never know if someone going to click on the market buy/sell button.
Price Action
Even my random chart generator does have price action. It's all random and there are trends...
High Probability Chart Patterns
Nope! HS, engulf, pin bar... All of them tested. Your chance is still less than 50%
Trading Algos
They are not fake and profitable until they become losers. Most of profitable algos risk 4 or more to get 1. One day, they will lose all the money
Backtesting #1
I have coded a random trade simulator. This script enters a trade randomly. 1:1 RRR and traded more than 10.000 (simulated). However, system never but never won more than 49%. (no spread or commissions calculated). You can say, if there's 50% probability, how come system can not win %50? Of course it can not win. We have stop-loss at the same range. Sometimes, market stops us and goes back to target.
Backtesting #2
I have created a simple moving average strategy and put the script in a loop to find the best matched values. After a few hours, i had enough data and plots. However, i strongly believe that, winning algos will lose by time. Everything changes. They worked in the past and it doesn't necessarily means that it's going to work in the future.
---
Market is always right. It goes, where it wants to. We can never know the future. Some says, we don't know or predict future. We see and trade "now". It's not true. "Now" is the future. All you see is the historical data. Our brain is used to perceive positive things. That's why it looks so easy. It's not!
There's no scientific study that proves trading is profitable. Come on guys. Really? Don't you think that there are profs trying to find some scientific evidence? Don't tell me about momentum. It's all luck... That's it.
---
Everyone says aim for 1%-2% return per month. Lol! How can you trade for living? Assuming that you need at least 3-4K per month. So you simply need 300-400K account to make 3-4K per month.
I know there are trainers here. Please stop stealing peoples dreams. Most of you claim that your course is not get rich quick scheme but it's. You are advertising like it's.
---
Nobody can have 50% win rate with 1:2 RRR consistently. I'm almost sure about that. Here's the simulations i have done.
Initial balance: 10K,
Risk 1%, win-rate: 50%, rrr: 2, simulated 500 trades (~2 per day)
Results: 114509.51, 77677.79, 92915.19, 241527.18 etc...
if Risk is 2% result is something like 2,513,901.02... x250 in a year!
Risk 1%, win-rate: 40%, rrr: 2, simulated 500 trades (~2 per day)
Results: 42756.02, 34693.05, 23534.11, 36827.51
If you have a system 1:2 rrr system and your win rate is 50%, you are lying or you are lying. Because we both know that you don't have such thing.
-----
Now why am i writing all these? Because i have started to find some patterns 2 years ago with hope. I was almost sure that i could do this. Hundreds of times, i tought i became millionaire. But there were always bug in the system. Failed tens of hundreds of times. Most of my trades stopped by a few ticks only or missed by a few ticks.
I'm working on this for 2 years and i have nothing left. It's like addiction. I know i will not be able to profitable but i'm still on it. Even if i can find a profitable strategy i will not be able to trade because no more balance left to trade. Actually I have found one. But it's all historical... It worked last 10 years and i doubt it will work tomorrow.
I know i know, most of you will call me loser and get mad at me. You are right. I'm a loser. I accept in advance and still love you. This is just my opinions. Like everyone says, these are not financial advice
Now i can go in peace...