Composer has free backtesting for cash equities. Once you've tested out your strategies it allows you to automate the trades directly.
Ramblings of a degenerate gambler
- Thread starter Millionaire
- Start date
Hello smallfil,
Thanks for the reply.
My thoughts only: Back testing and forward testing is stupid and waste of time. It does not work.
I prefer waking up every morning and guessing and taking my best shot trading. Yes, gambling trading.
They say stupidity is doing the exact same thing, and expecting different results. How many years have you been a losing trader? Obviously, you have been wrong on a lot of things you assume to be self evident facts. Nope. Not even close. Been there, done that. Most successful traders you see nowadays put in the hard work, I worked harder and kept plodding along. Never gave up and came closer and closer to my goal of being a competent stock and options trader, until I got there. Am I the best trader? No. My goal is merely to be a competent trader able to take monies out of the Stockmarket. A very achievable goal. Gambling? Go gamble in Las Vegas. You will get free rooms, food, cash back at least. If you gamble in the Stockmarket, you have only losses to show for it. Maybe, you got a high from trading and that is about it. Ed Seykota said it best. We all get what we want out of the Stockmarket. Why are you even in it, if you are not in it to win it? Precious time wasted for nothing. Time wasted is a commodity you will never get back.
Hello smallfil,
This year is my first profitable year as a day trader. I did not back test anything or forward test anything. I wake up and guess and gamble price direction for 0-2 hours a day. I also have 1 automated trading systems up about 140% since last year. I will not be building another automated trading system once this one stops works. Waste of time. Far more easier and productive to guess and gamble price direction for a few hours a day. manual back testing is complete waste of time.
Thank you,
Backtesting is not a waste of time. You are entitled to your opinion and beliefs. And anyone can get lucky in gambling, until your luck runs out. I prefer to take calculated risks where I measure the risk vs reward before even entering a trade. I also, know I have an edge, like the casinos.
Hello smallfil,
We can agree to disagree. Thanks for the discussion and your opinions.
Just +$200 today.
Spent a full 6 hours trading to grind out a small profit.
Shouldn't complain its better than a losing day.
Was down -$700 at one point today, but slowly made it back positive.
Day1 : +$2200
Day2 : +$1200
Day3 : +$2200
Day4 : +$1800
Day5 : +$1400
Day6 : +$2000
Day7 : -$1900
Day8 : +$1000
Day9 : +$1000
Day10: +$200
I made about $250 in fat finger errors today. The most i have ever made, in previous days i don't think i ever lost more than $100 from fat finger mistakes.
I have been profitable 9 days out of 10.
And haven't blown up yet.
Which is much longer than i expected i would last.
Spent a full 6 hours trading to grind out a small profit.
Shouldn't complain its better than a losing day.
Was down -$700 at one point today, but slowly made it back positive.
Day1 : +$2200
Day2 : +$1200
Day3 : +$2200
Day4 : +$1800
Day5 : +$1400
Day6 : +$2000
Day7 : -$1900
Day8 : +$1000
Day9 : +$1000
Day10: +$200
I made about $250 in fat finger errors today. The most i have ever made, in previous days i don't think i ever lost more than $100 from fat finger mistakes.
I have been profitable 9 days out of 10.
And haven't blown up yet.
Which is much longer than i expected i would last.
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Hello Millionaire,
I always plan to trade for about 1 to 2 hours a day to get a positive day. I do not like losing days.
However, some times drawdown comes and I have roll my sleeves and get busy to get out of drawdown some how and some way.
Many times I end on +$200 after being down nearly $1000 from losses. Oh well, I have to do what I have to do.
Great work sir
So what mechanism do you use to get back from 1000 loss and end the session +200?