ETs Ultimate Trading Strategy

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Darc

Darc

If Jim Simons could employ Mathematicians and Programmers to solve the Market, surely we can do it here with all the intellectual firepower and experience that comes through here.

If we try for a generic strategy that'll work as both a Swing and Day Trading Strategy, that should suit most?

So where to start?

The Set Up? Let's put our heads, thoughts and ideas together. The BEST SETUP?
 
Well, the best setup for a beginner trader is you need to get your head out of your ass. These noobs get married to their positions without a proper stop, so they end up losing big. Been there and done that myself.

If you're an intermediate trader, you might want to put your head back into your ass. You think too much. Trading shouldn't be too complicated.

If you're an advanced trader, hmmm, just what the hell are you doing here?
 
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it. Will Rogers
 
Darc said:
If Jim Simons could employ Mathematicians and Programmers to solve the Market, surely we can do it here with all the intellectual firepower and experience that comes through here.

If we try for a generic strategy that'll work as both a Swing and Day Trading Strategy, that should suit most?

So where to start?

The Set Up? Let's put our heads, thoughts and ideas together. The BEST SETUP?
More...

Well, it is like this, would you expect Jim Simmons to hand out his systems if we asked for them? Plus, too many people doing same system, large smart traders will know where your stops are and force market to trip stops.

And very few good traders start with setups
 
I'm currently trying to work out a reasonable strategy to start with. I have quite a bit of money to lose and I'm currently trying to change careers into trading.

Since August of this year, I have done very well trading ES futures just kind of "winging it" and paying close attention to major news announcements (CPI, NFP, FOMC speeches).

I'm trying to switch from this haphazard qualitative approach to a more quantitative and scientific approach if it is possible, or perhaps a combination of the two.

I foresee myself backtesting many systems in the coming months.

My current strategy is to be open-minded about quant strategies until I verify things with backtesting, but some things I think I already know are...

1. Don't quant trade around major news events such as those I mentioned earlier. Given the extreme leverage day traders get in NinjaTrader, it would be possible to make a lot of money if you get on the correct side of the large move immediately following these events.

2. I think I'm going to trade differently at different times of day. I will try certain quant systems during off market hours, and others during prime trading hours.
 
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