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[KCalhoun]

If you’ve traded millions why are you basing your reputation on a screenshot that represents hundreds of dollars?

My reputation is already well established, I'm an award winning popular industry leader.

I don't need to prove myself to anyone new, I'm followed by thousands.

Geez the "goad the educator" posts on et never get fcking old to see after years here, sigh

 

[ironchef]

Random entries with expert trade management and scaling would do better.

Best is strong entry setups with careful exits, re-entries, scaling and tight stops. Think in terms of sequence and process, not one off decisions.

How do I backtest this random entry strategy?

It says if I buy at open (as random as it gets) every day and closing the trade according to your formula, I always net positive (average over some reasonable period)?

 

[KCalhoun]

How do I backtest this random entry strategy?

It says if I buy at open (as random as it gets) every day and closing the trade according to your formula, I always net positive (average over some reasonable period)?

I never said to use random entries, I was using that extreme example to highlight the importance of exits and tight stops..

And I never said anything about always net positive, what are you smoking?

See dozens of my top rated Entry strategies in my 30+ articles

http://technical.traders.com/archive/combo/display5.asp?author=Ken Calhoun

 

[PoopyDeek]

Ken or whatever, has shown his closing trades and they are always odd-lots. My 16yo trades bigger size than this dude, literally. Dude, stop.

MILLIONS?! WTF. You're high on more than Life.

 

[KCalhoun]

Thank you for the response.

Questoins :

1. Because I work full time, and just part time trader for now. I can only trade from 7am to 9:
30am. I was thinking just let 9:30am be my cut off time and take all trades within that time period. But I have habit of letting good trades go by and stopping trading once PnL gets to about $500. But on losing days, I keep trading until 9:30. lol funny how that works.

2. what is OTO paired trades

1. I'm not a registered investment advisor, so I can't advise you re your situation

2.. One triggers other, your brokers site has details or https://www.fidelity.com/learning-center/trading-investing/trading/conditional-order-types

 

[vincentnyc]

i just look at my brokerage statement for the whole year for 2019 and under the proceeds i traded: 4,456,997.35 and grand total: 4,577,322.76. does that mean i traded millions also?

 

[Overnight]

i just look at my brokerage statement for the whole year for 2019 and under the proceeds i traded: 4,456,997.35 and grand total: 4,577,322.76. does that mean i traded millions also?

It means you made about 20 grand before fees. Not bad.

 

[ironchef]

How do I backtest this random entry strategy?

It says if I buy at open (as random as it gets) every day and closing the trade according to your formula, I always net positive (average over some reasonable period)?

I never said to use random entries, I was using that extreme example to highlight the importance of exits and tight stops..

And I never said anything about always net positive, what are you smoking?

See dozens of my top rated Entry strategies in my 30+ articles

http://technical.traders.com/archive/combo/display5.asp?author=Ken Calhoun

Why get so upset and so defensive? Hard to be a coach if you keep yelling at your students every time they ask you a question.

I was just asking a couple of questions nicely to satisfy my own curiosity, extending your concept of exit and management are more important than entry. I was just framing my question so I can put it to test with your help. If you are correct it should be testable and I am willing to try.

If you are unwilling to answer, just say so, it is OK.

P.S. I backtested quite a few strategies presented by folks here and surprisingly many were very valid.

 

[ironchef]

i just look at my brokerage statement for the whole year for 2019 and under the proceeds i traded: 4,456,997.35 and grand total: 4,577,322.76. does that mean i traded millions also?

I would say yes.

If you are running a trading business, your revenue was $4,577,322.76 and your cost of good sold was $4,456,997.35 leaving you an operating income of $120,325.41. You have a good year and your trading business is thriving.

Congratulations!

 

[ValeryN]

Yeah. The size is so ridiculously small. Where does the "trading millions" come from, I don't get it

Just out of curiosity I looked at his website and proof of trading. It's likely he is talking about overall $ cost of stocks purchased. So technically it is correct
For 2009 - Stocks proceeds are ~4.9 mil. Profit +16.8k
https://trademastery.com/about/