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I have been discretionary trading for 5 years and have not made any money. I been SIM trying all kind of stuff. I never back test anything, just did what I want to following the price action teacher. And look where that got me, $0.00 in my pocket. Did I learn and see some repeatable patterns? Of courseeee, I see breakouts, trading ranges, PB, all that stuff. But guess, what I have no confidence on what exiting method to use. Day to day, can't stick with nothing. $0.00 made in my pocket.
Now what?
I would be a damn fool to continue trading this way. A stupid fool. The least I can do is program the breakout and try different exit methods. Or what ever else pattern I see on the chart to see if there is edge. This will make me feel better.
Do you understand what I mean man? Waking up everyday 220 days a year starring at a chart not knowing if the method I am trading worked in the past. 0 confidence. Sorry man, I am not doing that any more. It is stupid.
Now, if that works for you, man run with it. I do not know what the hell works. But I know who taught me this stuff, it ain't working. But guess what, if NT Strategy Analyzer show me a good curve for my trading idea, I will be happy. Better than not having nothing.
Matter of fact, stop all this talking man, post your broker statement so I see your discretionary trading works. That is why I honestly hate posting on these forums. Post your broker statement to prove your point. I have none to post, cause I make no money. You screw people up this way man all this talking. All this back and forward talking. If you have edge, post brokerage statement and prove it.
Can you help answer these questions from other members on NexusFi?
Why would I want to waste my time or anyone else time, starting a journal here trading when I have no clue on earth of how I am trading have high probability of making money?
What can others tell me about how I trade, that I do not already know? All they going to say is "how you know what you doing have high odds of making money, where you get this method from". One person going to give this direction, and another person going to give that direction. Back and forward talking. Another 5 years of confusion will go by and wasted time listening to people probably not even verified profitable traders. A few traders will start arguing about this and that, and how this works over the other. That is the problem, people who can not prove they are profitable trades for 1 year giving people advice on trading. That is stupid. I am not doing that no more. I only listen and follow people that make money. Period. Again, this is why I do not post advice on the board cause I am not profitable.
I can cut all that short, by simple programming my trading method and clicking back test, and view a equity curve myself. And learn how to build and validate algo from proven current profitable system developers.
In addition, I was reviewing some websites looking for an algo to invest in. Guess what, the service do not even let algo developers enter their algo for clients to see without one year verifiable live broker statements from the developer. This is my new rule as well. Ears are covered unless 1 year of broker statements shown. Period. You want to teach me, 1 year (2020) minimum of broker statements must be shown, then I pay you.
For now, I follow Jim Simon quote " past performance is the best predictor of success." And this man not playing around. Back test = past performance is the best predictor of success.
@kevinkdog did not PM me. He private email me personally to help me after seeing my curve. He asked me did I consider slippage. He helped me after spending 6 hours trying to figure out why my SIM not match back test results. Later on NT support help me as well. He even shared with me a free slippage chart he gives he students. He did not have to do that. I have surely wasted his time with questions over the years and never paid the Kevin. From my research on Kevin, I have not found one flaw. His videos on youtube are clear and direct. For sure, he is not trying to sell me his course. He has a whole forum on helping traders. Lol, does not get any better than this.
@kevinkdog knows my email because in 2017 I was questioning him about taking his course. I decided to not take his course, because I thought at the time, I could do better manual trading. I thought I did not have enough ideas to test for his course at the time. I thought the course was pricey. I just thought I did not need it, even though I had programming experience. @kevinkdog and I have always kept in contact via email for different discussions. He is a good man. I even interviewed a few of his students personally back in January 2021 as I am thinking of buying his course while transitioning to 100% fully automated trader. I ask Kevin can I interview his student and they had nothing bad to say. One guy even showed me his equity curves easily. lol, he did not even hesitate.
Was it a bad decision not taking his course in 2017? hmmmm, probably so. It was mistake not taking his course. I could have learned how to develop and validate trading ideas, while at the same time starring at chart every day observing price patterns. At the time I thought I can day trade successfully, but I learned alot about my self. I need structured systematic way of trading. I need proof. Proof is edge. At time, I did not understand why I should have taken the course. Why? Cause Kevin is a real live trader. With proven results. Period. Show me someone else who teaches how to develop an edge. There is none that I know of. So yes, it was mistake. And I probably take his course here shortly as well.
Can someone learn to build algo systems themselves. Probably so. Butttttt, I rather learn the right way to do it first via professional teacher.
You're more than welcome Kevin. Everything you posted is very true indeed and is exactly what you told me. Thanks for all your help over the years. The trading community needs you!!
I assume this if meant for me. The OP referenced you and you had no contributions to the thread. To keep transparent as a Vendor you should have responded in the thread. JMHO But I do not make the rules.
I simple gave the OP my opinion on paying for things that this site can give you for free. I specifically stated no hard feelings to you, but obviously you took it personal.
Sorry @goodoboy, As stated, I was going to post a detailed strat (I decided on a mean reversion for NQ).
Not my fav, but very tradable with a 12 year track record...I am now going to save this for a later date with another thread.
Let @kevindkdog go ahead and show one for this thread.
Please remember futures.io policy requiring civility and forbidding rudeness.
Your statements regarding member @kevinkdog, that "Vendor's like to lurk in the background and PM traders to earn trust and then sell you things," and "Classic cover your tracks," violate these policies.
Further, @goodoboy, in a subsequent post, has clarified the existing prior relationship he has with @kevinkdog, and explained how and what they have communicated, which has not
involved some underhanded means or intent.
In the future, please stay within the forum's rules regarding rudeness, and do not attribute harmful motivations to others without knowledge of the actual situation.
Your post has been deleted.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
With all do respect @bobwest, this was all clarified after the fact. @kevinkdog had no contributions to the thread. Only private emails to other members.
What about a warning to @kevindkdog for the name calling. Or is this allowed by some?
"Yes, when trolls accuse me of lurking in the background, PMing traders to earn trust and covering my tracks - *ALL with no proof, mind you*, I take it personal.
Go troll elsewhere."
Not very classy from a Vendor if you ask me? JMHO
For the record for future readers.
I was posting and he was not. He sent private emails to a futures.io member.
OK, here is one, not my fav, but very tradable with 19 year out of sample track record. I developed this in 2012, and have been trading it live since about 2014.
By itself, it will not make you rich (notice the flat period from 2016-9), but it still performs well.