I'm lost + stuck. Help me to help you.

Quote from Zr1Trader:

You either have something that works and you trade it yourself or you have something that looks like it works and sell the dream.
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+1. if the message hasn't sunk in yet write this down 100 times.
 
Quote from savagemp5:

Ok i'll take the 3 replies as the general mass response. I now realize why good and smart ppl keep their stuff with them. That's as much as I coud share since most prop and HF need to sign agreement to STFU. I shall be lol!

All the best ET traders !
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Do #1. Friends and family accounts to start. Call a lawyer and get the proper documents set up so that you don't get sued if you lose money. From there raise more capital. The other strategies are difficult as you have no reputation and no infrastructure (legal, compliance, etc) to deal with it.
 
Quote from NoDoji:

You want to be sure to sell the dream with gusto:

BAD: "The SavageMP5 runs 5 algorithms, detects market movements, and does pretty well."

AVERAGE: "The SavageMP5 Trading System:

- Positions held no longer than 5 mins
- No overnight positions
- Scalable to any markets
- Fully automated, hands off intraday trading"

BETTER: "Is that $5K-$6K a year dividend income just not cutting it? The SavageMP5 Trading System may be the answer!

Positions held no longer than 5 mins!
No overnight positions!
Scalable to any markets!
Fully automated, hands off intraday trading!"

BEST: "Just discovered! The master trading secret is finally revealed with SavageMP5's Magic Buy/Sell Profit Machine. We are not talking about guessing if price will go up or down. We are talking about a system that actually knows on which levels price will stop and suddenly reverse, and tells you when to enter and exit a trade.

So, what is it...? My indicator watches what the market is doing in real time and generates signals to place a trade. When a signal is generated all you have to do is press BUY or SELL! That's it! No more thinking! Don't be scared!" *

*I am not making this up: Google "magic buy sell"

:eek:
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Am working on the copyrights.... The master secrets channeled from the original market masters. Learn the secrets from the true players of the Great Depression and Panic of the 1900's i.e Donchian (father of trend following), Jesse Livermoore (the great bear trader), learn from the master banker J.P Morgan all the tricks used to get retail money! The grail is before you. ONLY $99.95! BUY NOW....
 
Quote from savagemp5:

Hi,
hey do "pretty" well. +- $200 a day, 50-100 trades/day WORTHLESS STATS

-Positions held no longer than 5 mins WHY


hile tweaking settings and finding good securities.TWEAK BECAUSE IT DOESNT WORK WELL YET

Here's why I'm stuck. With my entire strategy I wonder what I could do next:
1) Market my fund to friends, relatives, take their capital to trade.
2) Market my automation to a Prop. Connect my system to their IB acct and do it frm home.
3) Sell my s/w to sell-side brokers, setup monthly subs $
4) Start a webby, sell subscriptions to signals of my algos to retailers.
5)Get a job that requires Algo developers. (they are quite rewarding usually >$100k PA)
4 OUT OF 5 SAY TAKE THE EASY WAY OUT,NO CALLS YET?
!
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I AM IN THE BASIN AND DECIDE TO CLIMB THE MOUNTAIN,IT'S COLD SO I STOP IN THE CHALET 200 FT UP, IT'S WARM AND I QUIT MY QUEST AND LOOK FOR AN EASY WAY OUT,SEE A PROBLEM WITH THIS SCENARIO?
 
Quote from ammo:

I AM IN THE BASIN AND DECIDE TO CLIMB THE MOUNTAIN,IT'S COLD SO I STOP IN THE CHALET 200 FT UP, IT'S WARM AND I QUIT MY QUEST AND LOOK FOR AN EASY WAY OUT,SEE A PROBLEM WITH THIS SCENARIO?
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Are you angry and jealous of your limited capabilities ? What about taking the time you took to type, to learn something new, and adding value to yourself ?

At least I do agree that the system is useless and has lost its powers, but from a business point of view, I try to sell this out. This is just like Citadel selling out Etrade.

Yes its tweaking, unfortunately, and definitely. How about saying I'm still constantly trying and trying, researching new ideas and putting it from Monte Carlo to Production. Is there an algorithm that can run with a fix set of settings without tweaks ? I don't think so.

Why 5 minutes ? Its like taking a 0.1% profits per trade on average, for 1000 trades a day.

Because my turnaround for capital is faster and my cash at risk is minimum, im dealing with 50-100 positions simultaneously. I still yet to calculate my Sharp ratio (hope its >1 at least) basis on my Daily AUM, so yeah.

Seriously I need less of these brainless, useless , non constructive replies, else we are just wasting this server's space and other users time. Where are the bright people... Can't seem to find them :(
 
the point was you haven't been at it long enough,give it some more time,with a little more knowledge you will be investing in yourself instead of looking for an investor
 
Quote from lindq:

LOL. Yep, as you said, you are a noob.
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no kidding, when I started out they told me if I could figure out a way to consistently beat the long bond I would be the richest man alive.

If you can make 8% no problem just go to Goldman or JP Morgan and ask them for a couple of billion and they will gladly give it to you.

I can make 100%, but there are myriad problems involved.
 
Quote from oldtime:

no kidding, when I started out they told me if I could figure out a way to consistently beat the long bond I would be the richest man alive.

If you can make 8% no problem just go to Goldman or JP Morgan and ask them for a couple of billion and they will gladly give it to you.

I can make 100%, but there are myriad problems involved.
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the number one problem being the year I lost 100%.
 
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