Two Questions For Practicing Day Traders

If you do the same with your paper trading results, meaning removing the best 15% of winning days (2 out of 13), what results are you coming at?

Btw, it's not uncommon for most of the gains to come from a few trades.
Many small losses with few big wins, that's how many profitable systems/strategies work.
Great points. I will take another look.
 
I don't think it has anything to do with GS.
IMO, it's about bragging of something when you far from being able to do it.

But hey, at least padu is entertaining...
We need more padu!

sounds like seasoning for popcorn.. paducorn
 
  • Like
Reactions: rb7
Padu just returned and already you lot are picking bits of his ass outta your Boots.

If Padu says he trained Goldman Sachs Traders, I believe him!


The problem is he's been in paper combines for years, which is all he shows.

I'm sure theres a Room in Padu's House for you, if you're ever Holidaying in India.
 
If Padu says he trained Goldman Sachs Traders, I believe him!

Yep, makes sense, someone training Goldman Sachs traders while trading forex accounts with not even $100 in it (back then), and losing it all time after time in a matter of days, or like he is doing now, trading these fake combines (not even a "funded" one).

Somehow i think (or better said hope) you are being sarcastic, but these days you never know.

Padu just returned and already you lot are picking bits of his ass outta your Boots.

Maybe if he wasn't as dishonest all the time this wouldn't happen?
 
Last edited:
  • Like
Reactions: rb7
Back to my live day trading test. After 13 days of live trades, the statistics are similar to the paper trades except profit came down from 1.2% to about 0.5%. However, that is not what bothers me. What really bothers me is when I drilled down to the details, the statistics looked too much like a random process: a 50/50 coin flip. Here are the statistics:

Live Trades:
# of trading days: 13
# of winning days: 8
# of trades: 317
% of winning trades: 49.7%
Average # of trades per day: 24
Min # of trades in a day: 6
Max # of trades in a day: 37
Average profit per day in %: 0.5% of the trade size

Paper Trades:
# of trading days: 53
# of winning days: 46
# of trades: ~1500
% of winning trades: 50%
Average # of trades per day: 28
Min # of trades in a day: 10
Max # of trades in a day: 50
Average profit per day in %: 1.2% of the trade size

I can calculate the p-value to see if the outcome is statistically significant but I already know the answer: It is not, because if I removed two big winning days out of 13, it is breakeven. Those two days are statistical anomalies.

I will complete the test in a month but as of now I don't think I have a winning strategy unless I can make some changes.

Why do you say it’s random outcome? What is the winning days %? Looks like you’re consistently small positive. Of course, it could have been the other way around. The key question is do you know your edge? If you do you should be able to say it in one clear sentence.

Even with an edge it doesn’t necessarily guarantee consistent results. Trading involves so much.
 
@padutrader likes to jest and fool around, most of the time he meant well. Besides, some of his advices to me weren't bad.

Guys, let's take it easy and give him some space.

Thanks.

It's my personal opinion that liars and lies don't deserve space, that also isn't fooling around in my book.

If he stops doing that he wont be bothered. Honestly i find it weird others are fine with it, but i for one find it very sad that he feels the need to do this at his age. Yes he can post some useful stuff from time to time, but then all undoes it by lying again. You might have noticed but i am not very fond of liars :sneaky:. And yes, Padu has been exposed as a liar over and over again, then he disappears for some time and then start over, again and again.

Anyway, i am going to leave it here, there is no point in arguing with him or about this shit, you can't argue with liars because they believe their own shit. He will probably never change his behavior, which is also one of the most important reasons why he never will be a successful trader, that's not the behavior and the mindset of one that matches with a successful trader, although he will probably never realise that since he thinks he knows it all.

It's not worth my time anymore, so go ahead Padu, quote my posts numerous times again to go on a rant, i won't even read it. The evidence (withdrawals) you were going to post from Topstep will pop up eventually, or not, well, most likely not.
 
Last edited:
Back
Top