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Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
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Posts: 5,059 since Dec 2013
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The answer to that is yes. If its something I don't want to do, and don't think I will learn from doing, or that I think somebody else will do a better job, then yes, my time is valuable.
Thanks for the kind words @fivewhy! I must say that I know deep down that is the answer. I could probably benefit from a mirror too. Just to "say no" to the angst and get on with the business at hand
This poll is designed to ask people about one-on-one help they may need (or have needed in the past) with their trading. I want to better understand the needs of the community.
Please vote & discuss!
Mike
Thanks for the Poll.
I would pay money to any day trader who will provide at minimum of 1 year broker documentation that shows he/she makes money trading. Along with 1 month of live watching him/her trade. I will never spend money learning from anyone who is not making money and who can not prove it. Period.
I would pay money to any day trader who will provide at minimum of 1 year broker documentation that shows he/she makes money trading. Along with 1 month of live watching him/her trade. I will never spend money learning from anyone who is not making money and who can not prove it. Period.
I guess I would pay too, I second that.
BUT, hey!
Why in the world someone who fills the requisites above would bother diving into something like this?
I would not, for sure.
Currently running monte carlo simulations of ulcer index vs return/drawdown.
@SMCJB do you use any particular tools for this? Do you code your own simulations? Have you learned a lot from them? The reason I ask is because I could see getting into this kind of thing, once I've gotten my current (slow, manual, bar-by-bar) research to a certain level.
Replied No. To me this poll is as much a "Can you find somebody worth paying?" as it is "Would you pay them?". Since I think the answer to this first question is generally no, the second part became moot.
Saying all of that I have taken @kevinkdog course and it was money I have no regrets spending. So maybe I shouldn't have responded no.
I am lucky that if trading wasn't my career it would be my #1 hobby. In reality it is my career and my #1 hobby. So I spend a lot of money and time and trading not just for the financial rewards, but also for the enjoyment (I restrained from using entertainment) I get from the time I spend. (I genuinely get a kick out of running risk of ruin monte carlo simulations on my laptop in the evenings, regardless as to whether it impacts my actual trading.)
I think the question is really about, would you hire someone to help with an issue, i.e. as a consultant? Would you hire @kevinkdog on a one-to-one basis? I might, it would be probably be worth it to solve a problem or two, knowing what I know now.
Yeah, I get a kick out of running Monte Carlo simulations, too.
You can hire a sports psychologist anywhere from $0 to $500+ per session. So, if you're looking for help, try finding a sports psychologist with a specialty in trading.
I would pay money to solve one problem I currently have that I do not have time to learn to solve myself. Given the level of effort, it could be a over $1000.
** Edit **
I should clarify.... the problem I have is highly technical and related to automated/system trading, so I have paid, would pay, and may pay in the future for help solving a technical problem that is beyond my capabilities. Private coaching, etc. is not for me, so no, I would not pay.
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@snax , I use Equity Monaco from TickQuest for Monte Carlo analysis, but I cannot find a download link for you. I am guessing @SMCJB probably uses @kevinkdog 's free Excel tool, which I do as well. You can download here: https://kjtradingsystems.com/calculators.html. It is easy to use and effective.