Market chop... buy the bottom of the range, sell top of range. Nothing other until range breaks.

[SimpleMeLike]

There is a middle ground between petabytes of tick and alternative data and highly trained data engineers on one side and sitting like a monkey and watching green and yellow lines that are exclusively derived from historical data and have absolutely zero bearing on the future. The latter is pure gambling and any past edge has been arbed away years ago. And that's generally reflected in the negative pnl generated over the lifetime of multiple accounts. There is absolutely no way guys like @SunTrader make a single dime across any given quarter with the nonsense they are posting. Same goes with the bs @Scataphagos is posting. He should have never been allowed to open a brokerage account and he would be wealthy by now had he just opened up a mom and pop computer shop in his hometown.

Hello M.W.,

I am believer in data engineers obtaining algos to produce and edge. Futhermore, more algos the better. I agree with you on this.

However, question:

1. Are you suggesting that manual traders clicking the chart do not have a edge and make no money year to year?

 

[semperfrosty]

There is a middle ground between petabytes of tick and alternative data and highly trained data engineers on one side and sitting like a monkey and watching green and yellow lines that are exclusively derived from historical data and have absolutely zero bearing on the future. The latter is pure gambling and any past edge has been arbed away years ago. And that's generally reflected in the negative pnl generated over the lifetime of multiple accounts. There is absolutely no way guys like @SunTrader make a single dime across any given quarter with the nonsense they are posting. Same goes with the bs @Scataphagos is posting. He should have never been allowed to open a brokerage account and he would be wealthy by now had he just opened up a mom and pop computer shop in his hometown.

I'm surprised by this.

I thought Sun and Scat were proven and seasoned campaigners?

What(broad)strategy do you subscribe to? I'm assuming longer time frame?

 

[semperfrosty]

And quants and algos don't? You are aware how absurd it is what you have said, right?

He would not be aware.

 

[SunTrader]

I'm surprised by this.

I thought Sun and Scat were proven and seasoned campaigners?

What(broad)strategy do you subscribe to? I'm assuming longer time frame?

1 outta 2 ain't bad. I don't know who you are replying to but they seem to have scat right.

 

[SimpleMeLike]

He would not be aware.

Hello semperfrosty,

I program and back test algos alot. And I run some live as well. Two is currently in big drawdown this year. One algo is doing ok.

I also manual discretionary click about 10 times a day.

Whatever it takes to get to 100ES contracts. One way or the other.

 

[SimpleMeLike]

He would not be aware.

Hello semperfrosty,

I am beyond aware of the power of an algo. Believe me on that part.

I probably spend about +10 hours a day back testing stuff.

But manual trading is more profitable. Reading the chart is VERY easy

I just like the ES market

 

[M.W.]

If purely based on historical pricing data then yes I claim that after all costs factored in one ends up net negative. I can't prove my claim hence my saying more light would be shed into the true state of those gamblers if everyone's account was transparent.

Hello M.W.,

I am believer in data engineers obtaining algos to produce and edge. Futhermore, more algos the better. I agree with you on this.

However, question:

1. Are you suggesting that manual traders clicking the chart do not have a edge and make no money year to year?

 

[M.W.]

I trade algorithmic (market making) and trade an entirely separate book purely based on macro.

I'm surprised by this.

I thought Sun and Scat were proven and seasoned campaigners?

What(broad)strategy do you subscribe to? I'm assuming longer time frame?

 

[SimpleMeLike]

If purely based on historical pricing data then yes I claim that after all costs factored in one ends up net negative. I can't prove my claim hence my saying more light would be shed into the true state of those gamblers if everyone's account was transparent.

Good Evening M.W.,

I perfectly understand where you coming from. I do not know any manual profitable traders on the ES of 1+ years. Still trying myself. But I can only speak for myself.

 

[SimpleMeLike]

I trade algorithmic (market making) and trade an entirely separate book purely based on macro.

Hello M.W.,

Do your algos experience long periods of drawdown?

I have 2 intraday swing algo on the ES and NQ, both been in drawdown since February 2023.