The Uncomfortable Truth: 90% of the traders lose.

[SimpleMeLike]

Sure thing dude, whatever you say. You lying sack of shit.

https://www.elitetrader.com/et/thre...skills-were-trash.377987/page-30#post-5918945

Here's a song for you, the sad-sack-of-shit liar you are...

The lyrics are over your head, and that makes me happy, because I am darned sure you will be the next user here to be banned, as I predicted long ago, for deceit.

Hello Overnight,

lol, I think I posted to you before or someone, I sold my close friends two algos I created for myself. I will not sell to another person.

And damn sure not selling nothing on ET.

You of ALL people need to be asking me buy one of my trading systems. You need it man. I think I told you before this already, you have NinjaTrader and still can not make money trading. Go buy or let someone help you build a trading a system.

Do you want me to build a trading system for you? You already have NinjaTrader, why no run trading system or trade by hand?

I just see you always angry and cussing people and stuff. You need to make some money man.

 

[Overnight]

Hello Overnight,

lol, I think I posted to you before or someone, I sold my close friends two algos I created for myself. I will not sell to another person.

And damn sure not selling nothing on ET.

You of ALL people need to be asking me buy one of my trading systems. You need it man. I think I told you before this already, you have NinjaTrader and still can not make money trading. Go buy or let someone help you build a trading a system.

Do you want me to build a trading system for you? You already have NinjaTrader, why no run trading system or trade by hand?

I just see you always angry and cussing people and stuff. You need to make some money man.

Read the post I outlined, freak boy. You admitted to selling your algos to people here. It is against the TOS. You wanna' sell your shit on here, you have to clear it with Baron and become a sponsor.

 

[SimpleMeLike]

Read the post I outlined, freak boy. You admitted to selling your algos to people here.

No I did not. I told you what I did already.

Are you the owner of ET website?

I notice you always getting on people ass about something.

 

[Actuarial_Fun]

10%?

I'm sure it's less than 1% can beat the S&P on a risk-adjusted basis over a 20 year period and that should be the measure.

 

[Overnight]

No I did not. I told you what I did already.

Are you the owner of ET website?

I notice you always getting on people ass about something.

You did not re-read the post you made, where you said you sold one of your algos to a reader of this site. That is against the TOU if you are not a paid sponsor.

 

[Businessman]

1. Can you please recommend me one book to read about trading that is Guaranteed to pay my mortgage payment of $2000 for the month of May 2024 instantly after I am done reading the book?

If you want $2000 constant income from the stock market then buy $2Million worth of SPY. You will get over $24000 a year dividend guaranteed.

Low frequency trading can make you $2000+ on average but not constantly every month.

Not even James Simons can make a guaranteed $2000 a month using his algos. And he has the best lower frequency trading fund out there. Even his best fund has losing month and losing quarters, So how do you expect any book to tell you how to make constant monthly returns when not even the best can do it?

 

[ironchef]

NOBODY is as good as SML He is so profitable, he abandoned his sig lines where he said he was in profit or loss for the current year.

He's THAT good that we have to take his word for it, because Lord knows, he never provided a single point of proof. He does it all on FEEL, apparently. Here's his promo vid.

Don't forget..He is now selling that shit through PMs, which is a violation of ET's TOU.

@Overnight I like you because you speak your mind, a straight shooter.

I think there is logic to @SimpleMeLike's madness.

In my limited journey into day trading, I found almost all popular indicators useless, candles, bar patterns not too useful either. The only thing that seemed to work, (only sometimes so far) are "gut feels".

After staring at charts for hours at a time, I started to see (real or imaginary) patterns, so maybe there is something there.

 

[ironchef]

10%?

I'm sure it's less than 1% can beat the S&P on a risk-adjusted basis over a 20 year period and that should be the measure.

Most calculations risk using volatility. Volatility is a poor substitute for risk.

Over a long period, volatile stocks, same risk adjusted, outperformed.

 

[SimpleMeLike]

If you want $2000 constant income from the stock market then buy $2Million worth of SPY. You will get over $24000 a year dividend guaranteed.

Low frequency trading can make you $2000+ on average but not constantly every month.

Not even James Simons can make a guaranteed $2000 a month using his algos. And he has the best lower frequency trading fund out there. Even his best fund has losing month and losing quarters, So how do you expect any book to tell you how to make constant monthly returns when not even the best can do it?

Good Morning Businessman,

Very good comment.

$2000 a month consistent does not have to be every month, but on average like you mentioned.

You mentioned a great point.

 

[Businessman]

$2000 a month consistent does not have to be every month, but on average like you mentioned.

You need to be more specific like: I want 85% chance of making 2K (or 2%) in any month..

Although the risk is its a option selling system that makes money 85% of months but then blows up in the other 15%. Which is no good.

In other words we all want Jim Simons system that makes money 85%+ of months but does dont blow up. lol.