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Yes, but Kevin, you been running systems for long time and have about +20 years of testing data. Surely it should be easy for you to get filthy rich by now in systems traders or teach other how to get filthy rich by now with systems trading.
I just think, and I doubt I am wrong, there is no reason to work hard building 200 systems, sale those systems or get rich man. I know you want to be diversified with alot of algos, but that take too long to get rich.
I should be able to hire you right now, and 100% confidence you will make me successful trader. 1000% confidence. And if you say build 30 systems and run them, you going to scare me off man.
Not sure how to respond here, you seem to have a lot of misconceptions about trading, what it means to be a successful trader, your odds of success, etc. "1000% confidence" of success, really?
If you running 30 strategies scares you off, that is a good warning sign that trading (or at least algo trading) is not for you (as we have discussed privately).
You are looking for the Holy Grail of Trading it seems. You will never find it.
I am very very very sure Misconception #1, you are agree with. You may not want to say it on public forum, but I know, you know something that guarantees a trader success. It may not be the type of success the trader wants to hear, but I know you know the secret!
If @kevinkdog wants to respond to the latest post by @goodoboy, that would be fine, since it was addressed to him, but then I am going to ask everyone to just drop this particular conversation, at least in this thread.
There would be nothing wrong with continuing the topic in another thread that is set up for it, but please remember that the topic of this thread is "Time to Give Up," and let it return to its original focus.
It's OK that the thread drifted away from its topic for a while, as threads tend to do, but let's let it get back to what it was intended for, which is a topic of considerable importance in itself.
Thanks.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
generaly there are only 2 strategies . Trend Flowing and reverision to the mean . Do you create all your own or use other peoples , after you have tweaked and backtested them your self ? Blickbird has some canned strategies that can be added to give a starting point for example . It would seem that would be easier that trying to recreate the wheel so to speack .
@forgiven, just to remind you, the request was to drop this line of discussion and let this thread return to its original topic, which was the important "Time to Give Up."
So please, don't follow through on this topic here. In another thread, where it fits better, then it would be fine.
Thanks.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
People want to give up because they don't have competence.
They don't have competence because they don't have confidence.
They don't have confidence because they don't have positive expectancy trading system.
They don't have positive expectancy trading system because they don't have clear signals and effective position sizing/money mgmt/trade lifecycle mgmt technique (scaling, pyramiding, hedging.)
Now why is it so difficult (deceptively) to have clear signal generation & proper sizing/scaling/hedging technique?