Finding Work after Quitting Daytrading
- Thread starter thesniper
- Start date
And then the managed futures guy makes the same point I do.
You'd think the learning curve would be over after ten years set to cruise for fifty years? No?
I don't think those of that type of experience like the op took it seriously enough to really learn how to trade, Dustin.
He does have a couple hundred to show so there's probably another reason to have that much than trading.
I think he was more likely implying that it is simply not possible to do. That consistently profitable daytrading is just a pipe dream, and that the only people who claim to be able to do so, are either vendors, liars, or deluded people who are confusing luck with skill.
That's how I read it, anyway/
I don't know how to respond to this.
My market experience took center stage until I was old enough and educated enough to make trading decisions but as a 13 year old I discovered my boomer father's portfolio was fluctuating $40,000 per day and I thought, "there is nothing more important than making good investment choices."
This, as a mathematics science and computer science major in high school I took an independent study in computer programming I which I got a B+ and my first letter grade without an A as a junior in high school when I had to upset my music instructor to skip concert band so I could take more rigorous academic challenges and so at that time I majored in computer science in high school as a sixteen year old knowing it would help me code the very strategies I thought I would eventually use later and now. I attempted to augment the comp sci by taking over 4 courses in college at Centre but the major classes were too theoretical and withdrew from java knowing it wasn't actually coding I wanted to learn but how to count and believe me there's no doubt being a BSc in Centre's newest major Financial Economics I know for a fact even with a gentleman's C in Discrete Mathematics that after acing the only programming assignment in computer networking that as a non-major student in a for major computer science class meant that I'd more than accomplished how to code and thus didn't need to take anymore weedout courses in Centre's Computer Science Major.
This all happened at 13 when one portfolio statement from my father had a $45,000 up month in the mid-nineties and so at that time I'd already recognized how people were using codes to act as trading robots and while I probably didn't understand how to value a stock I as a thirteen year old told Dad to buy YHOO and put $50,000 into it. I said $50k then because it was a $50 stock. It then went to $250 and came to find out he didn't actually make the investment so though disappointed I'd learned already what I later learned was called stock jockeying where you are putting an at risk amount that broker's say marry yourself to a company. Later in life I found other's in my family have also stock jockeyed to amass their fortunes and so when it came time to manage money with $100,000 they trusted my judgement so in May 2003 my family's partnership The Nexial Investment Club allowed me in the Summer before my Junior year at Centre to trade using new software programs like Wealth Lab Pro and eventually as a Senior about a year later with Tradestation.
Basically ever since pre-teens the market has been a kind of huge up followed by years where money wasn't so easy to make but because I'd called YHOO as a young person that was enough for my family to recognize I'd make this my calling and because I took it very seriously and had the entirely new major to pursue I used all of the computer science basic programming knowledge I had and found I could do it as long as I had "shell scripts", meaning codes that could be back tested and improved, so that in the year before my Junior year I'd made it past microeconomics and macroeconomics as a sophomore so armed only with those skills with no real formal training in finance using computer science and the optimizations that later became some of the most profitable trading chartscripts that are still the most profitable the Wealth Lab community has seen, has probably will ever see and ever saw when I published them in 2005.
I think the Nexial Investment Club in May 2003 then is when I actually became my family's money manager so now with tomorrow being the second year of my best model so named deservedly so for its rigorous use of quantitative finance and algorithms I've been trading now for over 10 years, spending my first job as an independent Investment Advisor since 2006 and now a very happy futures trader who has been a CTA with a verifiable track record that's now exactly two years old tomorrow.
The point is OP that I took this seriously all my life and time and never blew up by making irreparable financial mistakes you could regret the rest of your life so if you don't have the skills and life history I'm describing definitely let someone else do it for you.
It's so fucking stupid to deny someone like me the opportunity to help you because you need a doctor just like you need a financial advisor and so while the educational rigor might not be as universally obvious as my own experience attempting to do it yourself is no different than being your own neurosurgeon so good luck with that self-brain-surgery...
It's no different. So unless you made this a true pursuit where you could take steps like Level I and II of the CFA curriculum so even if I failed Level II that test is a beast 10 item set 6 question Vignette exam that legitimately probably indicates genius status but it is not a CFP and should never be even compared on the same level so if you think nothing about what I or Dustin know that brokers want confusion and lots of indecision and Advisors do not. While it is true that Ethics mark a point of issue with a lot of you here the point is that you are dumb if you don't find a professional to manage that kind of money, op.
You clearly don't know how to trade and I know you can't do brain surgery by yourself. So listen up! I get there's all this prejudice against letting others manage your money but getting emotional is probably why you failed, and you probably would cry if you attempted a self-lobotomy so I have to say you need to recognize when financial acumen is going to make you money because the exact difference between any investment advisor or broker and a Commodity Trading Advisor is exactly equivalent to the difference between a physics major with a bachelors and the Nuclear Physicists at CERN. Fuck yeah they're a hell of a lot smarter than them and while they may have paid to be recognized for that credential that got them that job at CERN the point is you'd have to be a dumb fuck not to see why you need Advisors, not brokers. So if you respond and still go it alone from here that's just stupid just stupid.
You can't lecture me in any topic the way I can because I do up to 4 million genetic optimizations out of 27+ digits of possibilities and if that doesn't look like one dam smart robot that got asked the same question 4 million times and see if it doesn't improve so you could copy previous answers the point is the algorithms that were created are robots that took what I identify myself to be as a financial scientist. So I can't get any more mathematical about those genetic algorithms being just as state of the art as the google search engine. If you want intellectual property there is Intellectual Property in finance and you have to buy it and be a client to someone because it's no different than going to a doctor like trying to be your own neurosurgeon or the difference between being a broker/advisor to a CTA or a CTA who's both, or a civil engineer to a quantum physicist. There is definitely a difference so find somebody you trust but don't be afraid to insult their credentials if you find someone better.
Go get an advisor for that money because the market's not waiting.
It's no different. So unless you made this a true pursuit where you could take steps like Level I and II of the CFA curriculum so even if I failed Level II that test is a beast 10 item set 6 question Vignette exam that legitimately probably indicates genius status but it is not a CFP and should never be even compared on the same level so if you think nothing about what I or Dustin know that brokers want confusion and lots of indecision and Advisors do not. While it is true that Ethics mark a point of issue with a lot of you here the point is that you are dumb if you don't find a professional to manage that kind of money, op.
You clearly don't know how to trade and I know you can't do brain surgery by yourself. So listen up! I get there's all this prejudice against letting others manage your money but getting emotional is probably why you failed, and you probably would cry if you attempted a self-lobotomy so I have to say you need to recognize when financial acumen is going to make you money because the exact difference between any investment advisor or broker and a Commodity Trading Advisor is exactly equivalent to the difference between a physics major with a bachelors and the Nuclear Physicists at CERN. Fuck yeah they're a hell of a lot smarter than them and while they may have paid to be recognized for that credential that got them that job at CERN the point is you'd have to be a dumb fuck not to see why you need Advisors, not brokers. So if you respond and still go it alone from here that's just stupid just stupid.
You can't lecture me in any topic the way I can because I do up to 4 million genetic optimizations out of 27+ digits of possibilities and if that doesn't look like one dam smart robot that got asked the same question 4 million times and see if it doesn't improve so you could copy previous answers the point is the algorithms that were created are robots that took what I identify myself to be as a financial scientist. So I can't get any more mathematical about those genetic algorithms being just as state of the art as the google search engine. If you want intellectual property there is Intellectual Property in finance and you have to buy it and be a client to someone because it's no different than going to a doctor like trying to be your own neurosurgeon or the difference between being a broker/advisor to a CTA or a CTA who's both, or a civil engineer to a quantum physicist. There is definitely a difference so find somebody you trust but don't be afraid to insult their credentials if you find someone better.
Go get an advisor for that money because the market's not waiting.
How does anyone know Nodoji or Anek are successful?
Maybe they are or maybe they aren't.... in reality, you just don't know....
Lots of people think mfbreakout at BMT is a super star, and people thought that at ET too when he posted here, but he has been proven a liar many times over....
other guys like acary who said he was very successful are living in cheap houses with mortgages..... so the stories donnt add up
Maybe they are or maybe they aren't.... in reality, you just don't know....
Lots of people think mfbreakout at BMT is a super star, and people thought that at ET too when he posted here, but he has been proven a liar many times over....
other guys like acary who said he was very successful are living in cheap houses with mortgages..... so the stories donnt add up
and let's not forget Jack "$80K tax bill" Hershey
When you are successful at trading you can tell who else has a high probability of also being successful, I have no doubt those two indiciduals you mention are master pa traders, because I have personally developed profitable setups just by reading their public posts.
If you are technically inclined, perhaps a 9 week "learn to program" boot camp.
http://www.foxnews.com/tech/2013/04...new-coding-boot-camps-promise-to-launch-tech/
fan27
http://www.foxnews.com/tech/2013/04...new-coding-boot-camps-promise-to-launch-tech/
fan27