Why does it always rain on me?

Overnight · May 27, 2022

SimpleMeLike said:
Hello deaddog,

Here is an algo I am working on and testing now to make alot of money.

Why would I share this algo with anyone else to trade and demolish my edge and hard work I put in this algo?

Friends are for having fun. Friends are not for taking money from me. If that is the case how will I ever have +$1,000,000 if I give it away to friends.

Friends have to go make their own +$1,000,000.

I was born and raise in America, get rich by all means as quickly as possible.

View attachment 285553

Interesting, but it is graphed out over number of trades. What does it looked like graphed out over time? I.E., how many days/months/years is it from the start?

SimpleMeLike · May 28, 2022

Overnight said:
Interesting, but it is graphed out over number of trades. What does it looked like graphed out over time? I.E., how many days/months/years is it from the start?

Hello Overnight,

I am out right now in the club, I post it for you tomorrow. If I get this algo running right, I think it can hit for a million dollars in about 2 years. We will see.

Shax · May 28, 2022

Millionaire · May 28, 2022

SimpleMeLike said:
Hello Overnight,

I am out right now in the club, I post it for you tomorrow. If I get this algo running right, I think it can hit for a million dollars in about 2 years. We will see.

Hi SimpleMeLike,

Can you share some basic stats about your system, even just approximate values so we can get a feel for it:

1. Win rate
2. Average win vs Average loss
3. Number of trades taken per month or year

I will not ask for for any other secrets, e.g which markets you trade, i am sure you don't want extra competition from us.

Benjamin_prTrader · May 31, 2022

FreeGoldRush said:
Winning more than 50% of your trades is quite easy. Just take profits fast and set stops really low. Mission accomplished. But you won't make money if that's your only strategy. My point is to stop thinking a 50% win rate is somehow the measure of success. It's not. Growing your account can happen by winning less than 50% of your trades.

The goal is always to put the odds in your favor. If you do that you can trade as a full time job. Many people do. Losing days, weeks and months will be a reality. Just keep learning and keep putting the odds in your favor.

I really like your idea.
Trading is not about winning more than losing.
It is all about make more when you are winner and lose less when you are a loser.
Only good combination of winning ratio and risk reward ratio will give us profit.

Benjamin_prTrader · May 31, 2022

SimpleMeLike said:
Hello Blitzjoker,

Before I state my comments please read this as a disclaimer:

*I am not a consistent profitable manual day trader of +1 years only about 3 months so far. I have never made money trading manual day trader for more than 3 months. Please take what I say as my own personal experience as it may not be worth the gum on the ground and completely bullshit.

Take some time to figure out exactly what you want from Market you trade every week. For example, it could be $1000.

Take some time to figure out exactly how you want to trade everyday. Do you want to be a scalper or swing trader? Scalper win about 80% of time. Swing trader win about 40 % of the time.

Take some time to figure out why exactly manual traders lose money over time. Can you trade the same way for the next 20 years manually without the emotions involved.

Take some time to figure out what makes you happy day to day. Maybe trading 8 hours a day is not fun for you. Maybe try 1 hour or 3 hours.

In short, before trading. just figure out what makes you happy and what exactly you want from this market.

Your message is really good.
I am sure that getting rid of my emotion is the ultimate answer to success.
And this can be done by swing trading.
I have a swing trading plan and will repeat it forever.

Benjamin_prTrader · May 31, 2022

Millionaire said:
Hi SimpleMeLike,

Can you share some basic stats about your system, even just approximate values so we can get a feel for it:

1. Win rate
2. Average win vs Average loss
3. Number of trades taken per month or year

I will not ask for for any other secrets, e.g which markets you trade, i am sure you don't want extra competition from us.

I want to answer your question. Is it OK?
48% win rate
1:2 risk reward ratio
50~60 trades a year
risk 3%
yearly profit 70+%

Overnight · May 31, 2022

Millionaire said:
...

I will not ask for for any other secrets, e.g which markets you trade, i am sure you don't want extra competition from us.

What fing secrets! OMG WHY IS EVERYONE CONCERNED ABOUT GIVING AWAY SECRETS ABOUT TRADING, IN STOCKS THAT COLLECTIVELY TRADE A BILLION SHARES PER DAY!

YOUR METHOD IS NOT THAT IMPORTANT!

OMFG! I am so ferklempt on this "I must protect my wussy lala holy grail method" bullshit.

You retail traders out there, you think you are so hot shit that you must protect your secrets? Piss off mates, you mean absolute dick to the world. You are WORTHLESS! NOBODY CARES!

So you trade at a 50 DMA cross with a 200 DMA! SO WHAT! SO DOES EVERYONE ELSE! YOU HAVE NO HOLY GRAIL, SO STFU! YOU ARE NOT THAT IMPORTANT!

maxinger · May 31, 2022

Benjamin_prTrader said:
Y
I am sure that getting rid of my emotion is the ultimate answer to success.
.

I think you mean :

" I am sure neutralizing my negative emotion is the ultimate answer to success. "

getting rid of one's emotion means killing oneself so that there is no emotion.

Millionaire · May 31, 2022

Overnight said:
What fing secrets! OMG WHY IS EVERYONE CONCERNED ABOUT GIVING AWAY SECRETS ABOUT TRADING, IN STOCKS THAT COLLECTIVELY TRADE A BILLION SHARES PER DAY!

YOUR METHOD IS NOT THAT IMPORTANT!

OMFG! I am so ferklempt on this "I must protect my wussy lala holy grail method" bullshit.

You retail traders out there, you think you are so hot shit that you must protect your secrets? Piss off mates, you mean absolute dick to the world. You are WORTHLESS! NOBODY CARES!

So you trade at a 50 DMA cross with a 200 DMA! SO WHAT! SO DOES EVERYONE ELSE! YOU HAVE NO HOLY GRAIL, SO STFU! YOU ARE NOT THAT IMPORTANT!

Good trading edges are hard to find. By good i mean shit that doesnt have big drawdowns.
So im not talking about marginally profitable stuff. I have found many mediocre edges as well, they are not good enough to trade even though they are profitable. The reward is there but not high enough for drawdowns that have to be taken.
I desperately wish i had more good edges, the more the better but also because the ones i currently have might deteriorate at some point.
So i am definitely not going to give away the few good edges i have managed to find over the years.