I'm looking for an edge - I can share a percentage of my profits

MacBookProHo said:
You can't blame the market for giving low win rates, or occasional big winners -- or whatever else in between.
It's fully up to the trader to understand, realize, observe and exploit what's happening and mixing in the market.

Getting rich in the market, in no time, is very possible....it's all there for the taking.
But very, very, few people see what's right in front of them. They should wipe the canvas slate fully clean, and remove all the old paints that they have learned and absorbed elsewhere that's clouding their limited, biased, judgement and perspective and approach.

No one in the market has been touched by God. Riches are all there for the Taking, by anyone,
It just needs to be learned, grasped and absorbed by the right soul,
More...
Hello MacBookProHo,

Yes sir!!
 
MacBookProHo said:
Well, that's the Holy Grail....generally knowing the future.
You can't let your winners run, and losers cut short, if you haven't established a reasonably accurate hypothesis of the future.

So many traders, and automated traders, are trying to just set their parameters blindly at 2:1....and let the machine do its thing. If only trading like that were so easy, instant and an automatic road to riches. But the real world is slightly more complicated than a basic formula, Picasso and Einstein.

A trader doing that...is similar to a mouse or insect trying to gain control and escape from a flushed toilet. They are helpless to the variables and conditions and storms they are in in the market.
At best, by the end of the year....they are break even, or slightly, marginally, only profitable. I would hardly call that an E, T
20,22
More...

I had a breaking point with that exact issue. I backtested about 100 of my previous wins, and saw that I would have done phenomenally better with a strict 2R target, no trail, no break even, nothing. Thought I found the grail, took it to the market full of faith and confidence, no fear, and the first day I lost every single trade I took, and they almost all ran within a couple points of the target before failing. It was such an insane feeling that something just snapped inside of me and I just stopped caring about putting my own R:R framework over the market. From that moment on I started trying to let the market dictate where I take profits instead of grafting arbitrary ratios over it and expecting it to work. I remember taking a break that day, coming back and feeling a big weight off my shoulders, and went on to have the best 2 months of trading that I've ever had so far.
 
Last said:
I had a breaking point with that exact issue. I backtested about 100 of my previous wins, and saw that I would have done phenomenally better with a strict 2R target, no trail, no break even, nothing. Thought I found the grail, took it to the market full of faith and confidence, no fear, and the first day I lost every single trade I took, and they almost all ran within a couple points of the target before failing. It was such an insane feeling that something just snapped inside of me and I just stopped caring about putting my own R:R framework over the market. From that moment on I started trying to let the market dictate where I take profits instead of grafting arbitrary ratios over it and expecting it to work. I remember taking a break that day, coming back and feeling a big weight off my shoulders, and went on to have the best 2 months of trading that I've ever had so far.
More...
Excellent post ... the point of which (r/r's are nonsense) will likely fly over most heads here.
 
lol tons of scammers willing to take you up on this. Just buy SPY of thr decades hot stocks and call it a day give up on the quick money


trader30 said:
A lot of people act like trading is easy if you have discipline, read books , work hard, etc....
IMO, you need a real edge to be consistent enough to trade full time. Whether that is focusing on a niche market, arbitraging, scalping, running an algo, etc.


Would anyone be looking to mentor me for a percentage of my trading profits? Hopefully, this can be beneficial for both of us. Especially, if someone has a strategy that can easily be scaled.
More...
 
trader30 said:
A lot of people act like trading is easy if you have discipline, read books , work hard, etc....
IMO, you need a real edge to be consistent enough to trade full time. Whether that is focusing on a niche market, arbitraging, scalping, running an algo, etc.


Would anyone be looking to mentor me for a percentage of my trading profits? Hopefully, this can be beneficial for both of us. Especially, if someone has a strategy that can easily be scaled.
More...


I have heard a lot of stories that someone was mentored before and is still not a winning trader now.
A mentor can definitely improve your trading skills but he can not guarantee his mentoring make you a consistently winning trader.This is due to two factors:
1. Trading is not something everyone can achieve by learning from mentoring.Because trading requires some unique talent that most people do not possess. If you are not talented, then even you are mentored, you can not become a winning trader.

2. The mentor does not want to give you his holy grail because the mentor fee is not worth it.If his holy grail leaks to public it will not work anymore so it is not in his interest to exchange his holy grail with mentoring fee. And if he does not give you his holy grail, how can he make you a consistent winning trader?Even he himself can't do it without his holy grail.
 
Last edited:
trader30 said:
A lot of people act like trading is easy if you have discipline, read books , work hard, etc....
IMO, you need a real edge to be consistent enough to trade full time. Whether that is focusing on a niche market, arbitraging, scalping, running an algo, etc.


Would anyone be looking to mentor me for a percentage of my trading profits? Hopefully, this can be beneficial for both of us. Especially, if someone has a strategy that can easily be scaled.
More...

Yes, you want to be around people who are better than you. Yes, having a concrete edge is where it's at.

Not easy to find a winning trader to take you under their wing and there are are a lots of posers.
.
Apply to Suesqhanna International Group. Probably you will be turned down but maybe not.

Good luck.
 
@trader30

Like you, I’m new. I’ve got a lifetime of experience investing (I’m 71), but when it comes to trading, I’m almost as dumb as a rock, so I can’t mentor you.

but I can make a suggestion, some of which you’ve already done…
I don’t think you need a mentor. I think you need to out in the work. Read two books
How to make Money I Stocks by William O’Neill
Think and Trade like a Champion by Mark Minervini.

then read O’Neills book again.

Then go to Twitter, more specifically FinTwit. I follow about 50 traders (about to attempt to whittle it down to about 10). Some of it is useless, but you learn eventually to know which ones are worth following. Read what they do, watch what they say, look at the charts they post, and ask them a lot of questions. Some of them will respond to DMs.
I’ve got 2 that have services I subscribe to, one charges $100 a month and is well worth that and more. The other is just a good guy who uses the “Superfollower” feature on Twitter which allows him to put up posts and specify that onky Superfollowers see it, I lay $10 a month for that. Both these guys answer questions and will engage in conversation.
If you want some names to follow, send me a PM.

if you want to go all out and spend some money take Mark Minervini’s Market Masters Program in November for $5,000. I haven’t done it but I’m guessing and from what I’ve read, it’s well worth it. I’d do it if I was looking to become a full time trader..

https://www.minervini.com/master-sign-up.php
 
You must log in or register to reply here.
Back
Top