Down to about $90k, where would you park it if your trading skills were trash?

[alistera]

And that's the way it should be, you want wisdom in the hands of right people not just anyone, I know how to target it but that comes with lifestyle choices, anyway.

Now I'm not saying this is what I could do myself, but I do know people that would help if the alpha fee was correct, to recover $90k to $220k it would take around 6yrs at 25% per year non-compounded, the losses will have accumulated much faster, this is how the financial markets work, however if for example someone could overlay sovereign grade returns on that persons capital and timelines it could be recovered in 2yrs, and less.

The first questions then are, but that means putting residual capital at risk, and normally that would be correct however if you place the risk on compounded profits it mitigates the issue, which always made me wonder why doesn't everyone do it this way, this was how I've been taught to do it not just in trading but in life, as it turns out to do that you need a high trade win to trade loss rate and also a high per trade profit, two things absent for almost everyone trading.

 

[semperfrosty]

Listen, I'm just wondering where else to park my cash besides S&P. Im done Guessing and gambling buddy and I don't ask anyone to give me their edge. I admitted I absolutely don't have one and ready to walk away because I'm not a Trader.

You are now free.

Free of expectation and free of expecting a required return.

You are able now to take trading back to basics.

10 rules before entry.

1 market.

Minimum purchase.

1:1 R/R.

S/R and trendlines,perhaps one more and looking for confluence.Trade any other ideas on SIM only for now.

Set and forget.

Repeat.

The grip of the market will not let you go.You will be back to make the same mistakes.

Take the time now to do it one last time with no expectation.

Watch your equity curve across the whole of 2024 before adjusting.

Don't quit.Remove the negative terminology from your profile.Good luck.

 

[themickey]

.....as it turns out to do that you need a high trade win to trade loss rate and also a high per trade profit, two things absent for almost everyone trading.

These might be ideal but it's pie in the sky thinking.

A high win rate is attainable but carries a downside which is infrequent trading.
Infrequent trading means less opportunities.
When we place a trade we don't know the outcome beforehand.
If we are gunning for infrequent trading, high win rates, then to compensate we need to have larger position sizing. The larger position size means carrying more risk to the portfolio when we place the trade as we don't know the outcome.

Likewise seeking higher profits per trade.
If you seek high profits per trade that means getting stopped out more often when target not reached.

Hence I mentioned pie in the sky (theory), sound good but in real life is a different story.

 

[zghorner]

as it turns out to do that you need a high trade win to trade loss rate and also a high per trade profit, two things absent for almost everyone trading.

Wow...so you're telling me, it's best if most trades are winners and also have a high profit per trade? Damn that's really some next level stuff.

 

[themickey]

The way I would trade, is take any of those trades which appear high probability at the time.
We don't know the outcome, so as the trade unfolds, grab the slice which on probabilities is the part which the market at the time is offering and appears to be the best bit for now.

 

[ph1l]

If I wanted to scam, I simply sell trading courses like all the other scammers do. That is not for me. I rather trade my own money.

How noble of you not wanting to scam.

Two algos I posted already sold for $20,000 each. I made $40,000 in one week. Cost is $0.00 for me. I may sell a few more too got some potential traders who wanna make some money.

And you run a successful business on the side.

I have one algo that I can sale you. It needs $50,000, and it will make you $500,000 in a year.
I can zoom call you and let you see all the back test and details and what ever you want. I do not have $50,000 right now to risk.

I sale you the algo for about $6000, just do not share with anyone.

And your altruism shows when you offer to sell one of your algorithms for $6,000 when it has a much higher value

(using the current risk-free interest rate).

You are a true hero among all EliteTrader members!‡

‡ for entertaining us, of course.

 

[SimpleMeLike]

Wow...so you're telling me, it's best if most trades are winners and also have a high profit per trade? Damn that's really some next level stuff.

Hello zghorner,

It is best that everyday, every week , or every month is showing money earned consistently in your trading account. That is rather you are trading SIM or your Own money.

Thinking short term and one day at a time is better and simpler.

 

[semperfrosty]

How noble of you not wanting to scam.


And you run a successful business on the side.


And your altruism shows when you offer to sell one of your algorithms for $6,000 when it has a much higher value
View attachment 332750
(using the current risk-free interest rate).

You are a true hero among all EliteTrader members!‡

‡ for entertaining us, of course.

SML has slipped into a parallel universe.A Bizarro world if you will.

When he gets back,he will be still deeply in the red,no college degree,wouldnt know how to program an algo to save his life,unlikely to correctly spell algorithm after 3 tries,and is certainly not selling any.

Entertaining I guess.Bit like 'The Nanny'.I know its popular and will pass the time but I try to skip over it.

 

[SimpleMeLike]

Hello zghorner,

It is best that day, week , or month is showing money earned consistently in your trading account. That is rather you are trading SIM or your Own money.

Thinking short term and one day at a time is better and simplier.

@zghorner also.

When I was young, their was a crack head in the neighborhood, who use to always say
"A whole bunch ones, beat a whole bunch of nones", after someone give him a dollar.

Even if you can make $5 or $50 every month from trading. That is a GOOD start. Low and Slow!

 

[zghorner]

Hello zghorner,

It is best that day, week , or month is showing money earned consistently in your trading account. That is rather you are trading SIM or your Own money.

Thinking short term and one day at a time is better and simplier.

When I was a career man wanting to climb that ladder Halliburton sent me to a 3 week training program in Houston. They had hired a 3rd party company (achieve global) to teach sales to a select few field people, (We were being trained to sell drilling fluid jobs to energy companies like Devon, Chesapeake, etc...).

It was really difficult and I wanted to quit so bad as I hate public speaking and we literally gave a speach every day lol...the final speech was given to Hallis global team who pretented to be a customer and ripped your presentation to shreds haha.

I fought it at first but came to realize it was actually an incredible course.

One of the things that really stuck with me was the WAIT principle.

Why
Am
I
Talking?

Always best if the customer is talking, telling you their needs...nothing worse than some long winded salesman that won't stfu.

So many things from that 3 weeks were applicable to day to day life.