Quote from austinp:
So your student trader went from 20 cars ES to 400 cars ES in the lowest volume, lowest volatility period for the past five calendar years? The thinnest stock market conditions since 2007?
And he/she is expected to sit back, relax and perform unemotionally while a third-party nurse stands by on payroll and constantly monitors thru-the-roof blood pressure readings while 400-lot trades are live inside chopping markets?
OK
As you know, first 30 minutes of ES has a great amount of volume on most days. MY platform in first 30 minutes runs pretty much by itself dealing with exits, all one has to do is place the initial price to enter on the very first entry and all add-ons are done automatically along with exits should the first target is acheived/or mixture of time, trend or Price reversal causes first target to be changed to breakeven plus one tick approx. Even Price action exits are done by the Platform now caused from 60 minute/daily trendlines against S/R, so he has very little to actually do except just putting on the trade. After the first 30 minutes, Platform will not do over 80 contracts for next 4.25 hours. Eventually they will be able to have the entire method coded.
He first simmed method for 6 months while I taught him, and he had to do both entrys/exits manually, he has traded real time for 1.5 years starting with one lot. He did three years as a Marine and became an engineer, the great Obama layed off many defense projects, and I snapped up eleven engineers, they are all happy to get weekly salary plus piece of the pie, lots of bennies and started small fund for their kids college. My guys make weekly money whether they make or lose me money. I have one guy who has lost me money 90 out of 98 weeks and he gets his salary each week, he real time trades one lots of crazy ideas that tests well but don't trade well. Oh, my ES trader, His blood pressure is a hell of lot better trading than when I am sleeping. He nailed daily goal today in 11 minutes and Platform cut back size remainder of day.
Actually, I have the round the clock nurses for me, I take a bucket of pills to take a day, all at different times, few years ago had 2 brain surgeries which left me at times disoriented, body won't digest hormonal anything any more, sleep apnea to boot and now have Prostrat cancer, so I need someone to take me here and there. So while I am sitting next to him monitoring him, nurse will check him, plain and easy.
Austin, when you start hiring traders for your own accounts, you can have them do it anyway you like.