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

SimpleMeLike said:
Good Morning p0box4,

I sold 2 algos to 2 of my close friends who are already millionaires with millions in the bank looking for ways to diversify their investments to make more money. They both can afford the risk and they are ok with taking the risk because they like the reward. Win-win situation for me and I am happy I was able to help them.

Both knew I was a trader and they want to make more money.

I would not sell alogs to the public or anyone else, ever. It was 1 time thing.
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They must be absolute morons paying 20K for algorithms that only have optimised backtest results.

Of all the things that didn't happen, this didn't happen the most.
 
p0box4 said:
They must be absolute morons paying 20K for algorithms that only have optimized backtest results.

Of all the things that didn't happen, this didn't happen the most.
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Hello p0box4,

I love your response.

Questions for you please:

1. What is wrong with investing in optimized backtest results?
2. You do not use the optimization function in your back testing algos?
 
SimpleMeLike said:
Hello p0box4,

I love your response.

Questions for you please:

1. What is wrong with investing in optimized backtest results?
2. You do not use the optimization function in your back testing algos?
More...

No one in their right mind would spent 20K on an algorithm that only has optimised backtest results.

Even someone with half a brain knows demo results aren't realistic, especially when it comes to trading big size in thin markets like NQ.
 
Late to the party and didn't read every post but the guy saying not to take a loss on an index is mostly right. He's not daytrading. Indexes are always culling the herd...losers get tossed and new winners added. Over time the market has always gone up. You should always have some longs.
 
p0box4 said:
No one in their right mind would spent 20K on an algorithm that only has optimised backtest results.

Even someone with half a brain knows demo results aren't realistic, especially when it comes to trading big size in thin markets like NQ.
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Hello p0box4,

You are entitled to your own opinion in this trading business. I respect your opinion and comments related to trading.
 
Arnie said:
Late to the party and didn't read every post but the guy saying not to take a loss on an index is mostly right. He's not daytrading. Indexes are always culling the herd...losers get tossed and new winners added. Over time the market has always gone up. You should always have some longs.
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Not swing trading either. Long term HODL investing is what this is.

You do know what HODL stands for, right? Hold On for Dear Life.
 
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