Quote from TraderZones:
Quote from M Jared:
I have recently been successfully trading for 7 months after 4 years of back testing,6 months of forward testing and now 7 months of actual trading
what are your FORWARD TESTING+ ACTUAL TRADING statistics? Your Sharpe/Sortino? Your Profit Factor? Your drawdown? Etc??? [and for all of these, I mean AFTER all commissions, slippage, fees, taxes, etc.] Successful is based on Risk-Adjusted Reward, after factoring in all costs.
Successful means nothing without analyzing your trading to see if it is realistic.
How many trades do you generate? What size account have you risked? I do not consider your words here as meaning you are "successful." Past performance does not necessarily...
I am seriously thinking about making a career out of this but have some worries because by system doesn't work on all markets
You are getting way ahead of yourself. We are in epic times. Quitting a good job to "make a career out of this" is the last thing
you should do. Do you have TWO YEARS COMPLETE LIVING EXPENSES PUT AWAY? Otherwise, you will learn the definition of "scared money."
I trade the YM,but back testing on individual stocks doesn't nearly match the success of trading my system on the YM.
The indexes often behave differently than stocks or futures.
I have read that a good system should work on all markets as supply and demand doesn't change by market.
Not necessarily true. And don't rely on what you read. Rely on what you do with your trading.
I have also read many traders say that markets are different and many focus on one or a few markets to trade at most
Yes and no. And don't rely on what you read. Rely on what you do with your trading.
