To Traders who are actually profitable

Quote from sappjason:

Been profitable now for about 1.5 years. About 3,300 trades per year. I could teach someone the basics of what I know in under a week, but I don't think anyone could do it by hand. I've automated everything and my software puts on about an average of 13 positions per day. Besides, I wouldn't teach anyone anyway. It took me years to get to where I am. So why would I ever give it away?

Jason
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So you can just sleep all day or go to the pub and your system just trades and makes money for you!??
sweet! I think ill have to learn how to program.
 
Quote from Sky123987:

Only if you have been profitable day trading for 6 + months

Do you think you could teach someone of above intelligence to trade your "edge" w/ in a week.
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In a week... quite unlikely as there is quite a lot of subjectivity in my trading. Unless that person already went thru years of markets, up, down, high&low volatility, etc...

Now depending on that person's mental skills and/or willingness to acquire the proper ones - discipline, ability to stay objective under stressful conditions, ... - it might take another month, half year or half a dozen years to be able to execute the plan. Or most probably he/she might never be able to get to that point.
 
Quote from Sky123987:

Only if you have been profitable day trading for 6 + months

Do you think you could teach someone of above intelligence to trade your "edge" w/ in a week.
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No.

Each IQ pt above average (100) adds a minimum of 4 months to the mastery of trading. Add to that a big ego and you're in the "99% failure" club.
 
No, I don't sleep all day. I am a software engineer and only trading with $220K. This year, I'm hoping to hit $130K in profitability, but I still won't quit my normal job until I'm banking a consistent $250K to $300K on trading profits year over year. So, I still have several years to go and who knows what will even happen in that time. They may end up passing that stupid transaction tax and render my system useless over night.

So, in the mean-time (while I still work), I'm trying to learn other techniques and methodologies.

Also, throughout the period of getting my system 100% automated, I was constantly watching it like a hawk. I had to fix bugs and tweak/hone constantly. It was a pretty awesome, fascinating and VERY stressful time for me.

Jason

Quote from Brianharvey:

So you can just sleep all day or go to the pub and your system just trades and makes money for you!??
sweet! I think ill have to learn how to program.
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Interesting... Sounds very similar to what I'm doing.

Jason

Quote from gaj:

here, i'll give you a chunk of my system.

buy/sell tight consolidation breakouts or retracements of strong/weak stocks intraday.

sell/ buy stocks that are really far stretched up / down intraday.

now, if you use it, you'll probably go belly-up, and blow out either holding a 'strong' stock that doesn't act right, or selling a strong stock that keeps running.

there's so much more to it than just that.

by the way, the specifics? and the other chunks of my system? not a chance. it's worth more to me than a person could pay.
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Conceptually, yes but the application of it correctly and consistently would take far longer.

Quote from Sky123987:

Only if you have been profitable day trading for 6 + months

Do you think you could teach someone of above intelligence to trade your "edge" w/ in a week.
More...
 
Thats funny. It takes 3-5 years to become a junior structural steel draftsmen, (even with college) but people think they can get rich immediately in the trading business.

Cannon Fodder.
 
O.P PM me, I'll share some things with you FREE. OMG did he say "Free" here on E.T!? Ya I did. Just passing along the kindness.

Kon
 
Quote from Sky123987:

Only if you have been profitable day trading for 6 + months

Do you think you could teach someone of above intelligence to trade your "edge" w/ in a week.
More...

No.
 
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