Dark Theme
Light Theme
Trading Articles
Article Categories
Article Tools
Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to
register in order to view the content of the threads and start contributing to our community.
It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Updated August 30, 2023
Top Posters
looks_one
Touchups
with 4 posts (0 thanks)
looks_two
aprilfool
with 3 posts (1 thanks)
looks_3
Falco11
with 3 posts (2 thanks)
looks_4
Analytic
with 3 posts (0 thanks)
trending_up
3,647 views
thumb_up
5 thanks given
group
8 followers
forum
14 posts
attach_file
5 attachments
August 22nd, 2023, 09:40 PM
New York NY/United States
Experience: Advanced
Platform: Multicharts, TS, TOS
Trading: Futures, Options, Stocks
Posts: 231 since Dec 2013
Thanks Given: 100
Thanks Received: 301
Touchups
Have you actually seen that kind of proof of anyone being profitable? If so, how are they doing it?
Yes, there are traders that show this kind of proof, but they are generally not day traders.
They do it by a combination of good strategies, great risk mitigation, and some luck (elements of survivorship bias remain)
The general process:
1) Parameter Optimization Loop -> Model Optimization
2) Noise Reduction Loop -> Signal Optimization
The selection process:
Theory -> Asset -> Strategy -> Model -> Signal ->Trade -> Result
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
August 23rd, 2023, 05:04 PM
Jonesboro AR
Experience: Intermediate
Platform: TOS, NinjaTrader 8
Trading: ES mini
Posts: 47 since Jul 2022
Thanks Given: 18
Thanks Received: 17
Analytic
Yes, there are traders that show this kind of proof, but they are generally not day traders.
They do it by a combination of good strategies, great risk mitigation, and some luck (elements of survivorship
bias remain)
The general process:
1) Parameter Optimization Loop -> Model Optimization
2) Noise Reduction Loop -> Signal Optimization
The selection process:
Theory -> Asset -> Strategy -> Model -> Signal ->Trade -> Result
So we are basically trying to find a unicorn lol. Maybe not quite (since some do succeed), but close. This is depressing...
August 29th, 2023, 10:10 AM
Calgary
Posts: 10 since Jul 2020
Thanks Given: 33
Thanks Received: 11
I use renko charts.
Falco11
Hi aprilfool.
I have already visited countless vendor sites and have to conclude that all systems can more or less be emulated.
What charts do you use, tick, Renko ?
August 29th, 2023, 10:48 AM
Atlanta Metro Area
Experience: Intermediate
Platform: Rithmic API
Broker: Ironbeam
Trading: Futures: CL spreads, IR outright.
Frequency: Never
Duration: Never
Posts: 146 since Feb 2017
Thanks Given: 60
Thanks Received: 199
StoxFox
Think about it. If YOU somehow wrote an algo that is wildly profitable under all circumstances (not possible, btw), would you reeeeeaaaally be in a hurry to share it with others?
Such an easy point that many people have a hard time grasping. Given the competitive nature of trading, no one is going to sell their edge. Sure, they will sell you education or generalities of their strategy. But they aren't going to sell the granular details.
August 30th, 2023, 03:30 AM
New York NY/United States
Experience: Advanced
Platform: Multicharts, TS, TOS
Trading: Futures, Options, Stocks
Posts: 231 since Dec 2013
Thanks Given: 100
Thanks Received: 301
Touchups
So we are basically trying to find a unicorn lol. Maybe not quite (since some do succeed), but close. This is depressing...
Consistent profitable scalping and/or day trading is very close to impossible for most retail traders.
HFT Funds are able to do it but very few retail traders can.
So you would be much better off swing trading with a higher time frame 1HR-4HR
https://gitnux.org/day-trading-statistics/
The numbers tell the story.
Last Updated on August 30, 2023