You sound like you're highly capitalized, highly experienced and you don't use a discretionary risk management strategy, you are an outlier and not relevant to the issues facing most day traders, the issues PA teachers recklessly avoid addressing in their push to make sales.
I am sure 99% of the members of ET never invested the time nor the money I invested in learning to understand the market and trying to build a performing system. People like Handle123 understand perfectly what I mean because they did the same: hard work for many years and constant studying the markets.
Only then you can be successful, not in 1 or 2 years.
High capitalized: if you have a good system and a good understanding of math you can do this without being high capitalized. All depends of you returns, and your drawdowns. If they are very performant you don’t need a lot of money. But I will not go deeper in this.
Highly experienced: if you are high experienced or not depends of yourself. If you make an effort you can be high experienced too. For most people it is enough to be not so lazy to comply to this.
Discretionary risk management: I use simple logic. If you have a good system, the system will take care of you, and you only need an emergency stop. You don't have to break your head on it. It is better to break your head on the development of your system because that’s what pays of.
Outliner and not relevant: not true. I did what logically everybody should do who wants to trade. So if everybody would do what they have to do they would or stop because not successful, or be like me. The losers would then be the outliners and not relevant.
PA teachers: my general rule is: what is public or teached to others can only benefit the teachers. Valid things will in general never be teached, even not for a hew thousand bucks. Because it would generated more money in 1 year than all the subscriptions can bring. If a system that was teached would be really successful everybody would use it, which is not the case with any system, and it would stop working then probably.
PA teachers avoid many issues because they don’t understand them and cannot master them. So it is lack of their knowledge. But why should they do an effort to understand theses issues? They make money by
TEACHING not
TRADING. And as long as their clients make no issue from it they are save. I make money from trading so understand and mastering these issues is essential for me to survive.
I am not super intelligent, have no MBA or PHD, but I worked hard and long. And what is very important too: I had a very original idea (thinking out of the box) that resulted in an edge that works already over ten years now. Over 10 years means it is a really very good edge. Time has proven this.
