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@SMCJB - Thanks for the kind words. I mistakenly thought the Ask Me Anything thread was deleted when I stopped being a site sponsor, but it was just closed by @Big Mike . It can be found here:
Kevin Davey is the Founder and CEO of KJ Trading Systems and will be monitoring this thread so that he may answer any questions that you post here relating to his products or services, primarily focused on algorithmic trading systems.
Please keep in …
@ZB23 - Thanks for the mention. You mention Ivan S., the 2023 World Cup winner. He came to Cleveland a few years back for a week of one on one training with me. All together, I've taught or consulted with 8? trading contest trophy winners over the years.
@Analytic - My experience is different than what you describe, but different views is what makes a market. I hope you find success in your approach.
Happy New Year everyone. Go Browns and Wolverines!
I should have qualified my statement, I meant to say day trading vendors. Longer term trading that uses a portfolio of automated strategies along with a process for strategy selection and testing is in a different category.
Courses given by traders who have won multiple 3rd party audited trading contests like Kevin Davey and Andrea Unger can certainly help retail traders develop a systematic trading process that is more "robust".
However there is an element of survivorship bias (i.e luck) in winning these contests. Unger admitted that he takes on way more risk when he trades in a contest compared to the risk he takes in his personal trading accounts.
The traders who win this contests don't win every year because the year has to align very well with their asset selection, strategy selection, and strategy parameter selection for them to do well in a contest,
That's where the element of luck comes in. Obviously there is an element of skill as well since most traders who enter trading contests don't win.