can i have some advice from succesful traders.
- Thread starter leorc
- Start date
Quote from leorc:
I spent the last two years losing money, and have finally developed my own profitable mechanical trading system along with money management methods and rules I follow. Backtesting result is great and doing good in real action.
The problem is I have too little capital to trade with. What do I do from here?
If your system can be shown to be systematically profitable in live trading and if you are able to explain (to investors) that it is indeed based on a reasonable logic, to show that it is well rooted and relatively safe, you would not take much time to find investors who are happy to invest their capitals.
____________________
Tom
My <a href="http://www.datatime.eu/public/gbot/2009_11_16_Mon/default.htm" target="_blank">futures autotrading</a> journal
this year, many "great" traders have blown out
Quote from leorc:
I spent the last two years losing money, and have finally developed my own profitable mechanical trading system along with money management methods and rules I follow. Backtesting result is great and doing good in real action.
The problem is I have too little capital to trade with. What do I do from here?
Get a job, live well below your means and save some money. Nobody but your mother will back you with two years of losses.
What are you trading? You can find a company to put up capital for you. How much are you talking?
I don't know anyone who blew up this year, but I do know a lot of market makers who are either down slightly, returning less than they do in an average year or they're scratching for the year.
The volatility dying is bad enough, but the volume drop was the final nail. Lots of BD's have just been folding up shop saying it's not worth it anymore.
I just can't help but think that when the house of shit Bernanke is building hits the fan, the market will become that much more volatile because of the lack of participants.
Quote from leorc:
I spent the last two years losing money, and have finally developed my own profitable mechanical trading system along with money management methods and rules I follow. Backtesting result is great and doing good in real action.
The problem is I have too little capital to trade with. What do I do from here?
In the last two years many lost money and this year many are making money because market is rallying. Don't pat yourself on the back. If market shakes, you will fall again.
Quote from sicktraderIV:
TraderZones
sick:
I see you still are trying to get employment by reselling icons. you are no less clueless than your attempt to setup an ET advisory based on a few days of angry trades
don't bother responding. The ignore button is reserved for the bottom 10% like yourself
In case you didn't grasp that, you are on ignore... I know it is hard for you...