Learning profitable automated trading

This is a discussion on Learning profitable automated trading within the General Trading Chat forums, part of the T2W Archive category; Originally Posted by meanreversion If it works for small size, it should work for larger size. Usually the CAGR/MDD ratio ...

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Old Apr 20, 2010, 6:23pm   #155
Joined Mar 2007
Re: Learning profitable automated trading

oildaytrader started this thread
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Originally Posted by meanreversion View Post
If it works for small size, it should work for larger size. Usually the CAGR/MDD ratio increases as you increase stake size.
That is not a good way to look at it , if trader is increasing lot sizes with only a proportion of the profit earned.

If trader made 100 % in first year , doubled his investment and drawdown to 60 % from 30 % .Doesn't sound right.
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Old Apr 20, 2010, 6:29pm   #156
Joined Mar 2007
Re: Learning profitable automated trading

oildaytrader started this thread
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Originally Posted by N Rothschild View Post
regardless of your account size and lots size, its still going to be generating the same pathetic returns.
We know all your disadvantages and you have admitted to many of them , so don't be jealous

http://www.trade2win.com/boards/gene...y-trading.html


Other usual trading weaknesses include


1)buying wrong currency pair or instrument
2)buying wrong lot sizes
3)putting on revenge trades , trades just for the sake of revenge, against the market after losses.
4)Betting larger sizes above safe money management criteria , to recover losses
5)All manual errors lead to losses , chooses the same old path of becoming a mentor rather than gaining discipline and becoming a profitable trader.Looks to recover loses from new traders instead of trading the market
6)scared of putting another trade after losses , becoming mentally unstable after a series of losses
7)After a winning sequence , he becomes over confident and starts becoming lax about the trades , and loses more
8)Hallicunating trade set ups
9)dreaming where price should end up
10)lack of concentration, too busy posting on internet sites
11)gambling instead of trading
12)emotionally disturbed by losses , can't take pain.
13)Watching porn whilst trading
14)Thinking more of whats for lunch dinner , than on trading set ups.
15)Buying low and cheap when markets are heading lower , selling when markets are heading higher.Computer does less of it , except Rockerfeller does more of it.Its called fundamental trading.
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Old Apr 20, 2010, 6:31pm   #157
 
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Joined Oct 2008
Re: Learning profitable automated trading

nice list, but the fact is..your altetnitive to all this..is making u sweet f all


15)Buying low and cheap when markets are heading lower , selling when markets are heading higher.Computer does less of it , except Rockerfeller does more of it.Its called fundamental trading.

hah, maybe you should swing by my thread sometime and see how its really done?
__________________
"Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild

Bullsh!t, Bearsh!t all smells the same to me!

"It is not cheap to develop automated systems , mine already cost over $1m. " oildaytrader
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Old Apr 20, 2010, 6:36pm   #158
Joined Mar 2007
Re: Learning profitable automated trading

oildaytrader started this thread
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Originally Posted by N Rothschild View Post
nice list, but the fact is..your altetnitive to all this..is making u sweet f all


15)Buying low and cheap when markets are heading lower , selling when markets are heading higher.Computer does less of it , except Rockerfeller does more of it.Its called fundamental trading.

hah, maybe you should swing by my thread sometime and see how its really done?
Your probably in the 95% club already

http://www.trade2win.com/boards/fore...ex-market.html
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Old Apr 20, 2010, 6:37pm   #159
 
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Joined Oct 2008
Re: Learning profitable automated trading

lets say your systems did work, and made lots of money. where is the sense of achievement? gona just sit about counting your money? may be fun for a while but you would probably end up killing yourself.

atleast discretionary trading gives you a purpose, a career, constantly learning, increasing your knowledge base and understanding. and most importantly of all, keeps your mind occupied. sitting watching a robot does f all for your life.

since you haven't actually made any money, you wont understand the harsh reality of having lots of money and nothing to do! called boredom, which leads to depression, which leads to suicide. enjoy.
__________________
"Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild

Bullsh!t, Bearsh!t all smells the same to me!

"It is not cheap to develop automated systems , mine already cost over $1m. " oildaytrader
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Old Apr 20, 2010, 6:43pm   #160
Joined Jan 2009
Re: Learning profitable automated trading

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Originally Posted by N Rothschild View Post
lets say your systems did work, and made lots of money. where is the sense of achievement? gona just sit about counting your money? may be fun for a while but you would probably end up killing yourself.

atleast discretionary trading gives you a purpose, a career, constantly learning, increasing your knowledge base and understanding. and most importantly of all, keeps your mind occupied. sitting watching a robot does f all for your life.

since you haven't actually made any money, you wont understand the harsh reality of having lots of money and nothing to do! called boredom, which leads to depression, which leads to suicide. enjoy.
You need to constantly monitor every aspect of the mechanical system, which is where the interest lies. But as with discretionary trading, there will always be quiet times, hence the existence of t2w.
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Old Apr 20, 2010, 6:45pm   #161
Joined Mar 2007
Re: Learning profitable automated trading

oildaytrader started this thread
Quote:
Originally Posted by N Rothschild View Post
lets say your systems did work, and made lots of money. where is the sense of achievement? gona just sit about counting your money? may be fun for a while but you would probably end up killing yourself.

atleast discretionary trading gives you a purpose, a career, constantly learning, increasing your knowledge base and understanding. and most importantly of all, keeps your mind occupied. sitting watching a robot does f all for your life.

since you haven't actually made any money, you wont understand the harsh reality of having lots of money and nothing to do! called boredom, which leads to depression, which leads to suicide. enjoy.
There are better things to achieve when the cash comes in, like helping undeprivilledged.

Discretionary trading is like a cuckoo's nest .Enjoy it.

There is always t2w for mentor bashing to relieve your depression.
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