Looking for a successful trader

Quote from Anaconda:

Yes and no.

There are strategies out there that do present a small, yet scalable edge while being employed by many hedge funds. Convert arb, S&P/Dow/Russell additions & subtractions, pair trading, correlation/relative value versus a tradable index futures or options. These are not secrets and they can be profitable but these are tired edges. If you like to code, I suggest researching those, but don't expect a holy grail

Frankly, these are not that different from yours, as a breakout system is nothing new or special. Chances are that patterns will change and your system will stop working soon. It has to be constantly modified & updated.

The real lucrative edges require out of the box thinking and often involve instruments that are not stocks or widely traded futures. But that is a different discussion.
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i agree with anaconda about scalable edges, pairs is a good example not a huge edge, maybe a statistical edge but definately a scalable one and performance shouldnt be hindered. actually if you are trading pairs and arbing two correlated stocks you are going to want people to pile in on your side of the trade because this is essentially a fade trade when doing pairs. if you had a decent edge in something like illiquid stocks than that could seriously impare the edge if others are let in on it.
 
Quote from jack hershey:

It is the core reason why coprolite is not found in tall piles.
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coprolite: fossilized animal dung

Are you suggesting we're bottom-feeders? :p
 
Quote from Newbies Trader:

Hi. I found an excellent system www.daytradewithwayne.com. I have been trading since feb and i havent lose yet. So far, I had 28 winners and 0 loss.

You should contact wayne. hope this help.
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Only a retard would sign up with a service like that. 28-0....LMAO Thanks for the laugh and the spam ;)
 
Jack! Now I can come out from under the bed! Been hard trading under here! Glad you are alive, if even just barely. Hope the hospital gave you back your Pied Piper's flute when you checked out.
 
His post is gone! Was it really Jack... or was it his ghost? :eek:
Quote from Arthur Deco:

Jack! Now I can come out from under the bed! Been hard trading under here! Glad you are alive, if even just barely. Hope the hospital gave you back your Pied Piper's flute when you checked out.
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Wow. Thanks for the compliment. My results are not embellished (even in the slightest). But, damn, I'm seriously amazed that you even thought that they were. Like I said before, if someone is seriously willing to help me out with a 2nd system, then I'm willing to furnish statements and whatever else is necessary to prove that I'm not "full of it".


Jason



Quote from Real McCoy:

Jason you being a noob when it comes to real trading wouldn't know this so I will tell you.

Those out there with real edge to their name, read you like a very simple book.

Your results are either completely false or heavily embellished

You are looking for my edge because you don't have yours, and you tried everything you can think of and don't know where to turn to now.

Your payout for my edge is BEYOND ridiculous.

People who will PM you are just like you without a real edge, endless spinning in circle.

Do you really believe someone smart enough to develop robust edge is going to fall for your thread. Get a grip jason.
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Yes. I am willing to share ALL of my statements if someone is willing to help me with a 2nd system. I have zero problem doing that.

Jason

Quote from sulemanf:

You know I've heard this too "No REAL trader is going to help you let alone ACKNOWLEDGE your results"... Then why these forums??? If no one is willing to share a working system.
I know...I know...that's a newbie mistake...So be it!

I too looked at the graph and it seems "optimistic", but he's willing to share his records.

Right Jason?!
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Quote from sappjason:


My system certainly has it's downsides in that it's not scalable. In fact, I'm already hitting scalability limits.
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Then why in the world would you (a) share it and (b) would anyone want it?
 
Anaconda,
I actually haven't done a single optimization in over 6 months. I've moved from using IB's crappy data to using DTN's IQFeed (to improve my performance). I've also done a ton of work on slippage approximation by analyzing recent T&S data so that I can adjust my positions for market impact (hence my complaints about scalability earlier). These are the only two things I've done to improve my results. Other than that, my strategy has been impacted over the recent year, because of decreased volatility, but evidently, it's (by no means) gone yet.....
I must admit that during every one of my DD's (especially the one during mid 2009---over 1 month), I 2nd guessed quite a bit. This is a constant struggle for me during draw-downs, but I'm starting to get a little better with it as time wears on.... Still sucks though.....

Jason


Quote from Anaconda:

Yes and no.

There are strategies out there that do present a small, yet scalable edge while being employed by many hedge funds. Convert arb, S&P/Dow/Russell additions & subtractions, pair trading, correlation/relative value versus a tradable index futures or options. These are not secrets and they can be profitable but these are tired edges. If you like to code, I suggest researching those, but don't expect a holy grail

Frankly, these are not that different from yours, as a breakout system is nothing new or special. Chances are that patterns will change and your system will stop working soon. It has to be constantly modified & updated.

The real lucrative edges require out of the box thinking and often involve instruments that are not stocks or widely traded futures. But that is a different discussion.
More...
 
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