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Showing results for tags 'trading systems'.
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Hello all, I have been trading and Investing for 15+ years, and I still only have IMHO 40% of what I would like to have, as far as trading mastery. I am consistently profitable at my stage, yes. But I am not a pro. To me, anyone who is not paying all their bills and living off of trading cannot call themselves a pro no matter what the stats show on their system or methods. Anthony Robbins says that "The way we learn is by our mistakes. And the most successful people are the ones who have failed the most." But the fastest way to learn he says is by other peoples mistakes. Now that's what I'm talking about! So let us see if by looking at other peoples answers, and them looking at ours, if we can learn trading faster. This will be a lot of fun to look at all the crazy answers we see here anyway. And another thing, many people feel because they are new,they don't have much to contribute. But often a beginner(under 1 yr of trading) gives us new or reminds us of old perspectives we once had. So don't worry, just join in! I would like to make this just polls, but I do not think they will let me do this on Traders Laboratory. If anyone knows of another Forum that would let me make as many polls as I want, please PM me and let me know. I'd love that! So if I cant do it hear, please just answer my questions manually, but keep comments to one sentence or zero. Those that do not follow these rules will be banned without warning. I want to keep this thread moving, for all of our enjoyment. Thank You.
Come on, I'll sell you my secret to trading success for only $4999.99! It's a deal, it's a steal, it's the sale of the f*%ki^! century! Everyone is eligible(even a 3yr old toddler). Buy my system and make a fortune! (please btw if anyone sees this and thinks I am actually selling a system, don't contact me. I'm not selling a system or anything- just to be 100% clear!!!!!) Another thread had me thinking again about a perpetual problem that we come across in our forums and on the internet in general. A trader noob wants success and either pays for a system or pays for an education. But what bothers me is not that people are selling services of any kind as I believe we have demonstrated elsewhere in our forums that actually there are some good vendors out there just as there are some good used car salesmen and real estate agents(please don't take offense if this is your profession- it is a stereotype which I'm merely pointing out). The thing that perplexes and even annoys me is that there are people who seem to think they can spend a couple of $k on a system or training then they will be set and be the next gazillionaire Paul Tudor Jones style trader. No offense, but wtf!? I don't get it. I really don't understand what an individual thinks they are likely to get without very much effort? If say I saw someone with a system who wanted to sell to a bank or hedgefund, I could see the advantage to the seller of that system of it being mindblowingly good(not to say it would be). Think about it. Many people before they try to trade might earn say $50, $100 or even much more per hour. At those rates, a system that sells for $5k is the equivalent of 100-200 hours. Just for illustration purposes, Gladwell in his book "Outliers" suggests it takes 10,000 hours to truly master a skill. Go figure. Even if the system is good and works and is robust enough to be productive in the future, there's this "plug and play" expectation I just can't get my head around. People buy a system or training and expect it to just work straight away!?! Well maybe the digital age has kind of messed with people's understanding that it takes hard, hard work to succeed in general. What interests me in the mindset of a person who thinks it's a good idea to pay someone in this way(don't worry I have categorically no desire to start a training or system service). So, if you have been this person in the past or now(not saying it's definitely right or wrong) then I'd be interested to hear your thoughts on why you handed over your cash. If anyone you know did this then that also qualifies. Or even if you just have an opinion. This isn't a thread for vendor bashing at all, let me make that 100% clear. But it is one to try to gain a better understanding of the psychology behind the buyer in this part of the trading industry.
If anyone is using Deltix software suite for automated trading systems development, let's get in touch. I've been using it for a while and would like to collaborate to build some new trading systems. I also wouldn't mind expanding my collection of custom indicators for this platform and can port your indicators for free... if they're good, of course :o