is it a joke that I want to trade full time to make a living with only $30,000?
- Thread starter stockcik
- Start date
I forgot last and most important one - exploited market inefficiencies.Quote from Bob111:
i agree with your definition of edge and that technical indicators are not. so-saying that you can give same set of rules to a 1000 traders and result will vary wildly is true,but doesn't make sense to me. cause is it's not really an edge. the real edge does not work in any time frame or any instrument. and name for it would be a holy grail,not an 'edge'.at least from my point of view.
my own definition of edge is that it's either technical(set of tools that other participants doesn't have),regulatory(subpenny for example) or very sophisticated algorithm that give you an advantage over rest of participants something that allow you produce profits every single day. it could be small profits(as in my own experience)with limited liquidity\scalability,but they are very consistent and stable. that's an edge. again-in my case-it was a very specific,coded set of rules that anyone can trade and execute.so the results can't vary. everything was hard coded.
it looks to me that OP was nowhere near of any 'edge'. all he got is an 'idea'. no proof or expirience that it will work,no numbers,no back testing, no paper trading,nothing. at least we don't know that. btw. to OP-you can have those numbers just by buy and hold IWM for last few years.
+1. If you give someone a CLEARLY defined strategy, they will trade it as is and destroy the edge. In Austinp's example traders apparently would trade different timeframes but why would they - everybody would move to the most profitable timeframe and trade it. Of course if you simply give out very basic guidelines for entry and exit, it won't affect it much - then again that's not a defined edge.
absolutely. forget about revealing things like inefficiencies in certain markets. even a hint in general direction is enough.
here is a fine example-pair trading in stocks. or pick any book with published setups ,code it and run across variety of stocks or markets over long enough period of time. have good time!
here is a fine example-pair trading in stocks. or pick any book with published setups ,code it and run across variety of stocks or markets over long enough period of time. have good time!
Lescor started with 40k and a enough money on the side to live for a year.
I would say 30k is more than enough if you have money to live off of for at least a year.
I would say 30k is more than enough if you have money to live off of for at least a year.
"Is it a joke that I want to trade full time to make a living with only $30,000?"
Yes, pretty much.
Not necessarily an issue with the money, but the fact that you're asking complete strangers on a forum tells me you don't know what you're doing. If you knew, you wouldn't have to ask.
Try making some money on the side first. Earn your right to be a full-time trader by proving that you actually can earn and then you won't have to ask people here. At least not these type of questions.
Good luck!
Yes, pretty much.
Not necessarily an issue with the money, but the fact that you're asking complete strangers on a forum tells me you don't know what you're doing. If you knew, you wouldn't have to ask.
Try making some money on the side first. Earn your right to be a full-time trader by proving that you actually can earn and then you won't have to ask people here. At least not these type of questions.
Good luck!
Equity indexes (ES) are trend-following too. At least to me. I trade Forex and ES with the same mathematical models and they give statistically more or less the same results. ES is more trend-following than Forex for me.
Totally agree. it's never about the amount of your capital. It is your attitude at the beginning that determines success or failure.
