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

zghorner said:
Yea so I don't have an edge and just lose money constantly. Execution is solid, psychology decent, edge is poop.

Looking to just put some cash in longer term spots. VOO will probably get a portion of it but where else should I look? Any book or resource recommendations on liquid allocation? Not really interested in single company investments.

S&P made around 25% last year...did your trading account do better? Legit question if anyone outside of maybe Des and a few others are generating alpha....if my tradong account would have grown 25% last year I'd be pumped.

Thanks.
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I'm also a crappy trader. I've a bit more left but DD is huge. Realistically we're in an era of ML/AI, I've a feeling a select few are cornering the market and the rest will have nothing. Has happened before in smaller markets.
If you don't have a PhD level data science background, I'm not sure there's any point in trading.

I will keep grinding away a bit more but I rarely get filled on the bread & butter trades anymore.
 
SimpleMeLike said:
Hello ondafringe,

Yes, ET is great place to learn trading. As I have said many times, everything I learned about trading I learned from ET.
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And you also claim to have learned programming and you code all your own algos.

Microsoft has a programming language called C# (pronounced C-Sharp).

There isn't a programmer on earth, not even a beginning programmer, who would mistakenly refer to "C#" as "#C". Yet, as I recall, you have called it "#C" about four times. And that can't be a typo because those two keys aren't even close to each other.

That's what I meant when I said "Self-Immolation" in response to your "#C" mistake because, to me, you set yourself on fire and pretty much torched your "I'm a programmer" claim.
 
Overnight said:
Someone a bit similar to you was recently booted, permanently, for lying. His transgression was saying one thing, and then editing his posts to say another, to fit a narrative of profitability. His name was vincentnyc. Baron challenged him on it, and Vince just...Oh man, that was funnily horrible.

The problem with people of his ilk, and yours, is that you say and say and say, but never show. I have shown and will always show. Win, lose or draw.
You on the other hand, do not show. You just talk.

And talk.

And talk.

I can do the same, but what is the point?

I once started a sim journal in the Psycho section, and asked people to join and post their sim blotters there, for shits and giggles. Nobody did. Why? Because it is pointless to pontificate sim wins/losses. That's why I post only real trades in my journal, in the journal section here.

*sighs* Your fate is in your hands. It has an associated song, too.

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Yeah, I think I remember vincentnyc. He was bragging about how great a trader he was and posting a TOS screen shot to prove it. As I recall, @destriero recognized the screen shot as TDA's paper trading account on TOS. At least I think that was the guy.
 
Hello ondafringe,

Well buddy, who the heck else is going to program them for me? LOL

I have programmed about 133 algos in NT8 just testing trading ideas.

I am not sure why I need to lie about programming algos. Nothing to brag about honestly cause out of the 133, I think about 8 of them showed in potential back test. And the one I run last year actually lost money to my surprise of about -$14K. I had to stop it because the drawdown was too big.

Back testing for an automated trading system Edge, IMO, is ALOT of work. One algo is not enough either IMO. And they take awhile to optimize and back test.

Not to mention, once you start it and it goes to drawdown for 1, 2 or 3 months, it is PAINFUL cause you do not know if the equity curve will turn around and all you can do is make sure the algo is turned on every single day. So everyday you are starring at drawdown.

Algo trading has its disadvantages as well, its not ALL good.

I did not start finding really great algos worthy of my serious liking until about November 2023, that is when I started seeing some good results in back test from my trading ideas.

upload_2024-1-27_22-1-33.png
 
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SimpleMeLike said:
Hello ondafringe,

I have programmed about 133 algos in NT8 just testing trading ideas.

I am not sure why in need to lie about programming algos. Nothing to brag about honestly cause out of the 133, I think about 9 of them showed in potential back test. And the one I run last year actually lost money to my surprise.

Back testing for Edge, IMO, is ALOT of work. One algo is not enough.

View attachment 332734
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Okay, I'll give you the benefit of the doubt about being able to code your own NT algos. BTW, I've coded my fair share of algos, as well. And it is a lot of work.
 
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ondafringe said:
Okay, I'll give you the benefit of the doubt about being able to code your own NT algos. BTW, I've coded my fair share of algos, as well. And it is a lot of work.
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Hello ondafringe,

Trust me when I say buddy, there is NOTHING to brag about being able to code algos. ALOT of time and effort goes into programming trading ideas and back testing to see your trading idea do not work. Also, do not forget having the capital to trade them as well. I back away from algo development for now. I have found about 8 or so I algos I really believe in to run live, that is enough for me. TOO much work in algo for me.

soooo HINT HINT HINT HINT.... my reasoning for saying trading is easy, or should I say, manual trading is easy! lol. You see,unless you seen failure and time loss, you will never know what easy is!!
 
ondafringe said:
There isn't a programmer on earth, not even a beginning programmer, who would mistakenly refer to "C#" as "#C". Yet, as I recall, you have called it "#C" about four times. And that can't be a typo because those two keys aren't even close to each other.

That's what I meant when I said "Self-Immolation" in response to your "#C" mistake because, to me, you set yourself on fire and pretty much torched your "I'm a programmer" claim.
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There is a #C language, and here is a trivial program:
Code: 
margorp !dlroW olleH //
dlroWolleH ecapseman
{
    { olleH ssalc
        )sgra ][gnirts(niaM diov citats
        {
            ;)"!aixelsyD olleH"(eniLetirW.elosnoC.metsyS
        }
    }
}

I admit I don't know much about #C, so I had to translate from C#.;)
 
ph1l said:
There is a #C language, and here is a trivial program:
Code: 
margorp !dlroW olleH //
dlroWolleH ecapseman
{
    { olleH ssalc
        )sgra ][gnirts(niaM diov citats
        {
            ;)"!aixelsyD olleH"(eniLetirW.elosnoC.metsyS
        }
    }
}

I admit I don't know much about #C, so I had to translate from C#.;)
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lol... you can't help but love this place! :)
 
d08 said:
I'm also a crappy trader. I've a bit more left but DD is huge. Realistically we're in an era of ML/AI, I've a feeling a select few are cornering the market and the rest will have nothing. Has happened before in smaller markets.
If you don't have a PhD level data science background, I'm not sure there's any point in trading.
I will keep grinding away a bit more but I rarely get filled on the bread & butter trades anymore.
More...
A heads up!
It may not be you.
The stock market has seasons, atm we are in doldrums.
I spend a great deal of time looking at mkt sentiment, this is where we are at roughly speaking....

IWM_Barchart_Interactive_Chart_01_28_2024.png

12 Quarters (4 years so far) and we have gone nowhere.
Quarterly chart above of Russell 2000 ETF.

Trading atm suit very short term plays.
 
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