Mentorship (4th year still not profitable)

iamnewuser911 said:
A little background: I've traded/studied the technical part of trading (FX/Commodities) for almost 4 years every single day, testing out new ideas, analyzing, logging down, backtesting etc however hundreds of system and patterns that I come out with just stop working. It might work for 3-5 years on backtesting, if I put it onto another pair it stops. Or it might only work for a certain period of time. I am from the little red dot.

I am looking for a mentor to guide as well as teach day in day out. I will not and never give out your systems or strategies. I am willing to work 20 hours a day or do anything that helps me towards achieving profitability. I am willing and desperate to sacrifice anything in return for trading success (Even my life). Flying over to your country to learn is also fine with me. I do not know what I can give in return but I hope my willingness to succeed can make up for it because I will never give up.

So if anyone that has already succeeded and looking for a student to impart your knowledge, please do tell me, I may not be the brightest but I will make it up with hard work, I will make sure it will be a good decision and you will never regret it.

Thank you.
More...

I applaud your work ethic and dogged pursuit - that is a very fine attribute.

One of the unfortunate side effects of the electronic markets is the dispersion of traders (the breaking apart of trading groups), the end of the open outcry pits, and the remaining futures prop firms heavily invested in quantitative (automated) trading strategies. Gone are the days of the Chicago, London, NYC, and Singapore prop electronic futures firms mentoring newbies - that disappeared in the early 2000's.

Might I suggest that you research and learn the requisite programming skills that these prop trading firms are looking for, and get on as an analyst or programmer ? (Python, MatLab, whatever they're asking for in the careers postings) IMHO that would open up a sustainable career path for you in the business.

If that's out of the question, then please change markets and strategies - 4 years IMHO is long enough to prove out that what you are doing and where you are doing it has no future. As an aside, if I'm not seeing satisfactory progress (good to sexy paper trading metrics; discussions about the timing for going live) with clients by month six into my program then something is amiss.

I truly wish you good fortune and the very best of luck in your endeavors ! Stay strong and remain positive.
 
iamnewuser911 said:
A little background: I've traded/studied the technical part of trading (FX/Commodities) for almost 4 years every single day, testing out new ideas, analyzing, logging down, backtesting etc however hundreds of system and patterns that I come out with just stop working. It might work for 3-5 years on backtesting, if I put it onto another pair it stops. Or it might only work for a certain period of time. I am from the little red dot.

I am looking for a mentor to guide as well as teach day in day out. I will not and never give out your systems or strategies. I am willing to work 20 hours a day or do anything that helps me towards achieving profitability. I am willing and desperate to sacrifice anything in return for trading success (Even my life). Flying over to your country to learn is also fine with me. I do not know what I can give in return but I hope my willingness to succeed can make up for it because I will never give up.

So if anyone that has already succeeded and looking for a student to impart your knowledge, please do tell me, I may not be the brightest but I will make it up with hard work, I will make sure it will be a good decision and you will never regret it.

Thank you.
More...

My comments in this thread were mostly geared to US equities

The book I mentioned covers a bit of what you have been trading, however...

I would listen closely to whatever Tommo says.
 
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qxr1011 said:
because neither the founders of the props nor their clients know how to trade for a living

nothing to learn there, and from no one
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I agree and in a more general sense I've learned that 99% or more of this industry, at least retail facing is complete BS. Everybody lies, it's ALMOST all a scam. Whoever has replied to this OP in PM and offering to help is prob just a big time suck and rabbit hole unfortunately.
 
qxr1011 said:
because neither the founders of the props nor their clients know how to trade for a living

nothing to learn there, and from no one
More...
Just curious, have you trade for props before?
Otherwise, how do you know?

Regards,
 
qxr1011 said:
because neither the founders of the props nor their clients know how to trade for a living
More...

Nearly all of the proprietary futures trading firms that I'm familiar with are run by principals who for the most part are somewhat legendary in their trading prowess. The equity prop business model I understand to be vastly different though - I have no experiences in that regard.
 
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