Are you smarter than a top M.I.T. Grad?

[TraderSU]

Quote from TraderSU:

The attached chart is with with PF of 2.55 and if would have taken a 10K account to 50K+ in less than a year if lot size is set to 4 ES

This is for single contract. You can easily go 4 contract for a 10K account. Or even better is that you scale out as you grow and make even more.

Moral of story!

You will eventually get it if you keep trying hard and have an average or above intelligence.

 

[kinggyppo]

Quote from TraderSU:

I heard that guys from IITs are even smarter than MIT.

http://www.cbsnews.com/stories/2003/06/19/60minutes/main559476.shtml

http://video.google.com/videoplay?docid=-6694143975371488739

The attached chart is with with PF of 2.55 and if would have taken a 10K account to 50K+ in less than a year if lot size is set to 4 ES

After spending 1+ year worth of screen trading, now I feel that it was real stupid for someone like me to do manual trading. If you know programming - go for ATS. If you don't - go and learn programming first...

Cheers,

exactly, the opening posters comment was absurd. I personally know several guys from my area that were millionaires in their early 20's, quite a few had only a high school diploma. However they had the knack (upaya) for trading. The thing is to find out what you are good at it and maximize it whether its programming, trading or whatever. The US has fallen behind because we do not emphacize education the way the asians and indians do. Asians are always at the top of their classes here in US. Good trading.

 

[Rimping]

"Are you smarter than a top M.I.T. Grad?"

I think so, yes. They mostly can't trendtrade for example.

 

[Now is Now]

Quote from autowealth:

As I mentioned before, I have some projects that need some coding,
so at this point I'll take code or cash in exchange for the information.


I'm sure we've all bumped into people that pose the same question as the original poster. This industry is filled with doubt.

Here's "how it go":
If an idea works in a spreadsheet, people will doubt it will work with back testing.
If the idea works with lots of back testing, people doubt it will work with forward testing.
If the idea works with forward testing people doubt it will work with real money.
If it works with money, people doubt it will work over the long term.
Even if it works long term, people are inclined to think of Bernie Madoff!


The original poster simply posted the cliche' question that automated trading system developers hear all the time. Well, the truth is that there is a successful system out there.....,

I have to agree with the above statement....the "Bernie Madoff" reference actually happened to me (as a joke).

But as can be seen,I removed all notion that I agree with 'autowealth' "offer"...cash or code...cost of code cannot be determined until there is a complete package,therefore the point related to cash as an option is moot.


NiN

 

[autowealth]

Quote from Now is Now:

[B}But as can be seen,I removed all notion that I agree with 'autowealth' "offer"...cash or code...cost of code cannot be determined until there is a complete package,therefore the point related to cash as an option is moot.
NiN [/B]

I'm not sure I understand what you are saying.

I THINK you are saying "the amount of code needs to be specified" before the scope of the agreement can be understood.

Yes, I agree.

Anyone can contact me privately, and I can give the details of the code that I am working on and exactly what needs to be done. In fact, someone has already contacted me by private message.

My fundamental position remains that trolls and 'eternal doubters' should not get information about any successful automated trading system (rather than a need to profit from the information). However, I realize the value of the info and some code or cash would really help me launch a project.

You go on to say " therefore the point related to cash as an option is moot."
I THINK you have a typo and meant to say "therefore the point related to CODE as an option is moot."

If that is what you meant, I agree. Moot means "open to discussion or debate" and therefore interested people can contact me privately to discuss exactly what code is needed.

After reading this forum for a few hours, it seems like there should be more organized collaborations on code. I see several users running into the same issues that I have. Hopefully, something positive will come about and I'm willing to release some code.

This industry is obviously still in it's infancy and I think that there should be better standards so that developers do not have to spend so much time coding.

 

[TrueProp]

Quote from zx12:

After being quiet for years, I figure I would do a public service and maybe save people some money! Unless someone out there is the next Einstein, trying to have a fully automated profitable system is NOT going to happen!! I will tell you why.

Every year the brokers go to the university of Chicago, Northwestern University, M.I.T., etc. etc. and offer the top math, physics & IT people UNGODLY amounts of money to come up with a profitable system, and to date it hasn't been done!! I'm not talking HFT programs here, where speed & volume is the main trick. Which is very difficult in itself!

So, if the very best minds in the world have tried & can't do it. Why do so many people think they can?? Seriously, it was 10 times easier to build the first atomic bomb!!

You should've continued being quiet. You're not doing a public service. You're wrong. But you are right about being confused -- you clearly are.

 

[nbates]

it's a useful thread and I find it an interesting topic...there is a hell of a lot of difference between the "classroom" and the real world and I'd "guess" an MIT type who's been seriously "at it" coding every day, struggling, with their feet on the ground & in the trenches for 10 or more years should have a decent shot...depending of course on who their Mentors were along the way (jmho)