Asking a favor from Baron, Ignore whole Threads

[Gambit]

http://www.toptradersunplugged.com/...d-sticking-to-it-robert-carver-author-trader/

Compare and contrast.

 

[lawrence-lugar]

Those who can, trade.
Those who can't, sell trading systems to neophytes.

Kind of like race car drivers and car salesmen. -- I can't imagine one or the other would crossover to the other side.
For the most part, everyone and every piece of the society puzzle kind of naturally falls into place in their own.

The key to this collective picture...is finding your ideal place, because that's where you can fruitfully flourish.

Make Trading Great Again 2018...High-Five`
Trading is like a drama movie, psychological thriller, chess game, college lecture, sex, etc etc
Have initial directional convictions, but a malleable, dynamic mind still -- think like a dental floss and rubber band, filigree and a pillar, a Puma rubber shoe and a leather dress shoe

Don't let the size of your trading account and performance (or lack thereof) be an extension of your penis and life confidence, ET extraterrestrial

 

[Gambit]

I'll add another vendor to the list:

http://jonathankinlay.com/2017/09/story-hft-strategy/

This is obviously for an affluent investor but he's made a lot of information available on his blog. A lot. Compare and contrast.

 

[Gambit]

This gentleman has an outstanding pedigree and offers actionable information gratis. I'm noticing a trend here...

 

[ET180]

I've been doing this since 2000. So think I know what I'm talking about. The first web site I made for the system was in 1996.

So you have been selling a hugely profitable system since 1996 and over 20 years later you are still having trouble finding new customers? Humm...what else from the mid 90s does this remind me of?

Have you considered late night infomercials?

 

[Gambit]

People with turn-key systems that actually have long-term expectancy don't sell those systems only to kill said expectancy. They use it themselves and keep quiet about it for as long as their edge continues. There is absolutely no benefit in eroding your own winning system just so others can pay you a bit for it while there is a ton of benefit to selling long-term losing systems and getting others to pay you for the privilege of taking on all the risk.

This is important to remember. A vendor should be a starting point. Even if the system is profitable today, it may not be in the future. Rob Carver/GAT for example, is offering a straight forward trend following system but I'm guessing there are at least a few details that he keeps close to his vest. And I don't fault him for it.
There's some middle ground between skepticism and gullibility. I suppose through backtesting and prudence, each person finds their way.

 

[Gambit]

Ideally a trader could come up with a novel strategy and trade it into the ground. The rest of us are relegated to looking at academic papers, forums, books, blogs etc. Hard work is important but damn, talent helps a lot!

 

[Overnight]

This is completely ridiculous. It's like telling someone "you don't have to pay me for this quarter until you flip it enough times that it becomes temporarily profitable."

You give this to people for free, they hit a temporary period of positive expectancy, you demand payment for it to keep using it, they pay, temporary period of positive expectancy continues for a bit or ends. They pay you for as long as it continues to have expectancy. When said expectancy stops, they lose money, you lose nothing.

By all means you should push to get *everyone* to trial it because they take on all the risk and you just collect $$$ from those who happen to survive. Must have a sweet rand() function in there to minimize correlated losses too (oh but wait: "it is a long term trading system, using Genetic Algorithms, Fuzzy Logic and Chaos").

I should get all of ET to run my sweet MA-CROSS-784 system I just invented this morning. You only have to pay me if it's profitable. Genius, I've sold you the privilege to run some bullshit for me whilst taking on all the risk. Nice zero-cost call option there bro.
...

This is exactly what I meant when I mentioned it reeks of a sort of reversed prop-firm idea, in some long-deleted thread.

*heavy sigh*

 

[i960]

Rob Carver/GAT for example, is offering a straight forward trend following system but I'm guessing there are at least a few details that he keeps close to his vest. And I don't fault him for it.

And when it comes down to it GAT isn't even selling something black-box. He's selling a book for people to learn techniques from, not an opaque money printing machine.

 

[Gambit]

And when it comes down to it GAT isn't even selling something black-box. He's selling a book for people to learn techniques from, not an opaque money printing machine.

Exactly. And he makes no guarantees about the future. Actually, he states flatly that returns cannot be predicted.