rant: alas, IB olympiad is over and my system blew up.

J

jjk2

what can i say, what a heavy learning process this was, picking up programming again and learning the wonders of interactive brokers api

kinda funny altho my system was making money in the first week, i saw the massive gains others were making so i leveraged even more positions.

big mistake, i slowly saw my equity dip into reds largely due to the fact that i missed out on a lot of opportunities because i didn't understand different order types properly...and also because of the huge positions.

it was fake money but it felt very real as i had put up so much time and effort figuring out the api and creating and endlessly refining a fully automated system.

ugh i feel like shit.
 
Why let the fact that a theory which you had about how price action works is not valid bother you emotionally when you didn't spend real money to learn that it doesn't work?

Not a winning attitude my friend!

If I were you I would be grateful I didn't lose money and eagerly absorb all I could about what was wrong with my former ideas, then get to work on a new system asap instead of throwing myself a pity party.

I don't mean at all to knock you down, only to encourage. I'm being less tough on you than the markets will.
 
Quote from NY0BScalper:

Why let the fact that a theory which you had about how price action works is not valid bother you emotionally when you didn't spend real money to learn that it doesn't work?

Not a winning attitude my friend!

If I were you I would be grateful I didn't lose money and eagerly absorb all I could about what was wrong with my former ideas, then get to work on a new system asap instead of throwing myself a pity party.

I don't mean at all to knock you down, only to encourage. I'm being less tough on you than the markets will.
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thanks i know what you mean but im just going to take some time off from all of this its getting to my head. i spent a lot of time and effort getting that system to work i had to learn vba, figure out how to use the api thing which took forever.....but what an experience i've never taken on such intense project before

all i can say after 2.5 months is im exhausted/

and i am spending way too much time on here for my liking
 
Quote from jjk2:

ugh i feel like shit.
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This is a great beginning for you.

I predictive extraordinary success in automated trading of the markets. I have no dobut you will assimilate this lesson and many others and come out of the experience on top of your game.

GL
 
Quote from jjk2:

i took this game too seriously is my conclusion.
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Well, probably but you learned something out of it and it only cost you your time. Not a bad deal in the grand scheme.
 
In order to learn trading many people spend as much time as you have invested and then loose $20-50 or 100K!!

You got a bargain lesson using real live software and market conditions and hopefully learned things about leverage that will save you future real money. Smile and be happy!

I know what you mean about being tired, I felt the same way last year after the two months, I could not wait to get back to my "normal" life as the leverage necessary to place on top is emotionally draining.
 
Quote from gusy:

In order to learn trading many people spend as much time as you have invested and then loose $20-50 or 100K!!

You got a bargain lesson using real live software and market conditions and hopefully learned things about leverage that will save you future real money. Smile and be happy!

I know what you mean about being tired, I felt the same way last year after the two months, I could not wait to get back to my "normal" life as the leverage necessary to place on top is emotionally draining.
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yea...i hate the cliche about these traders with absent genes for detecting fear....daily fluctuations of market is really emotionally straining.....even tho in my case no real money was involved, i guess opportunity cost was the currency.
 
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