Quote from Kevin Schmit:
Beau, you've got fingers in too many pies. You've got your fiat money replacement, you have got your double dutch auction exchange, you've got your CFA studies, your hockey career, your website, your YouTube channel, your CTA, your topological research, your campaign for the legalization of marijuana and gay marraige.... and your trading.
Do just one but do it well. Concentrate on your trading until you are consistently profitable and only then branch out.
I have watched your career trajectory since first noticing you on C2 four years ago. You were clueless then but not completely nuts. If you had spent your time since then working on your models instead of frittering away your energy on these others endevours, you'd probably be up 20% in your Covestor account instead of down 8%.
You have the perfect setup for researching and implementing trading models -- you live rent-free with your parents in a pleasant neighborhood and your monthly Social Security Disability checks cover your basic living and research costs. So drop everything else and concentrate on your trading.
Good luck.
We've stopped trading our automated models that have $100 expectancy but infeasible in reality for the Sentinel 4 Trading Model with expectancies that average $600 per trade and we plan to trade ZC, CL, NQ, TF, PA, ZB, HE, and CC at various intervals but always as day trades.
I don't plan on reporting a down month ever again, but it's kind of chilling with the problems I've had trying to duplicate my own original versions of this program with disastrous double digits losses around 20%.
For these new programs the average monthly profit is around $40,000 in total so it should be something spectacular, but I know making mistakes is something to learn from but I feel like I had to trade with real money before I could finally drop my models for something a lot better even though it was my plan the whole time to do this I still wanted to know if my models were as great as the backtest showed and, no, it wasn't. I think we'll find success with Sentinel 4 and I would highly suggest it to anyone looking for a career in trading.
We've discussed briefly white labelling the program, and as far as I can see it has worked for over a decade so it's out there for a limited number of subscribers but I don't know how limited or want to give any bottom line figures. I completely understand what this model is doing, and maybe finding out that backtests may be true that there's expectancy I think the reality of mine is not going to be anything like Sentinel 4.