Secrets to success in trading

Handle123 said:
When I back test automation, my entire Trading plan is within the code, and the testing will always take min. of 3-4 months since I test by contract months, all tick data, first over fourteen years. The platform that I had made five years ago can do it all without long version by hand, I also have a running test of every three months, tests based on drawdowns and how long to recover, huge segment on optimum averaging down levels, it chops up data by the half/full hours or any time I spell out, but the swings of up/down, it has spreading, fundamental inputs on all standard reports here in USA and world, can test base on safe volumes I can one day trade and be able to somewhat safely get out, that platform contains a journal of ideas of 24 years of "well what if I could do this", and be able to do it no matter if some of it makes little sense. In couple years I will have built another one as I had started another journal, most of it has options ideas, spreading and world markets. People I had working on project came up with insane ideas and programmed them, much based on volume and Quantum cycles.

Yea, but if I had to do manually- it more like WTF?:D
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Would you elaborate on what you mean by quantum cycles?
 
https://www.bing.com/search?q=quant...s=n&sk=&cvid=dbcaa64cf19a4dbfe45e26bccd48da06

Happy reading.

I started with cycles five years ago and did not like how most of others who tried to trade or sell material that I could never get to work to how I would want to trade it. One of them by Kent Calhoun was close within couple bars but couple bars is too wild for my personality and cause when you are wrong, it turns out to be way wrong of losses. I had heard that some were applying physics to pricing and in weird way made sense to me.

I have been able to define support and resistance better and with help of college professor in Math with Phd., came up with a formula to find patterns that are similar when markets are ready to drop. Going back to 1991 of all my long term trades in commodities of finding the highs, would have cut down my attempts by 65% and didn't miss any opportunities, but some of the 65% did make first targets and then rest would been stopped out at breakeven and market moves higher. It has helped my options plays as far as over trading, or called going in too early. For now this is has helped more in risk management of less time in the market. I have applied Physics to scalping/day trading model currently doing real time, and when I not done mistakes, hardly have losing trades based on average of 60 signals a day, I lack being able to remember all the rules, but once I test/trade enough, it gets programmed.

If you good with math, it can add to what you are doing, other wise find someone else for the math who has stocks and they get all happy to assist.
 
I wish there could be a secret to success for every person but it is not true at all. It is our hard work which create success path.
 
wrbtrader said:
Reality, "everyone" does not have the same "data feeds".

Lots of videos on Youtube verifies such by traders comparing the DOM of one data vendor to another data vendor. I myself use two different data vendors. One may show a 10 contract trade (fill) as 5+5 while the other shows 3+2+5...both with the exact same fill time in the times & sales. In comparison to a buddy using a different data vendor...he may show 1+1+3+5 for the exact same 10 contract fill with exact time of fill...different from other data vendors in comparison.

Then there's other issues like different closing prices on the same interval amongst different data vendors along with other issues.

wrbtrader
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lol
 
smallfil said:
Call it the price of education. I taught myself everything I know about trading. Read lots of books, attended seminars and spent probably over $10,000, maybe more in all these years. If you do not have a mentor, you have to start from scratch. Unfortunately, you do not know who is real and who is a fake! Take those giving out seminars for thousands of dollars. A lot of those who pump up the seminars are nothing but, salesmen! They talk about how their training will make you a top trader earning millions! All BS of course. Even a lot of the books from actual traders will only give you snippets of information. It is up to you to filter out and choose which are good and which are bad! When I started out, I was only looking at the fundamentals having an accounting degree. Looking at the financials of a company. Lots of bad information like buy and hold cost me plenty! If I can give one advice to other aspiring traders, I would say, focus on risk management! You need to last in the game long enough to figure it out!
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Lots of 8AC5B7DB-3B66-4B6F-8DF1-EEEA488E353E.pngout there.
 
An indicator is just statistics, a chart, lines, crossovers, a band, is just a graphical representation. It's what you do with it that counts. The same indicator may represent a buy signal to one side and the exact same indicator can represent a sell signal to other side. So many forget that ...
 
volpri said:
Lots of View attachment 186340out there.
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Yeah, I know but, if you are a newbie trying to get started trading the stockmarket, who do you trust? Lots of people out there tell you they will teach you for a fee but, do they teach you anything of value? Most times, probably, not! I am teaching a fried for free and I told her, I do not have any conflict of interest here as I get nothing from this deal. However, your financial advisers, accountants, etc. all have vested interests which might not coincide with your best interests! Guess what? She listens more to those who she pays? Maybe, it is true what they say. People do not appreciate something that is given to them for free!
 
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