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Hello, new to BMT forums, but I got a question...
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Hello, new to BMT forums, but I got a question...

  #1 (permalink)
Trading Apprentice
Ft worth TX
 
Futures Experience: Intermediate
Platform: Interactive Brokers
Favorite Futures: Stocks
 
Posts: 1 since Oct 2014
Thanks: 1 given, 1 received

Hello, new to BMT forums, but I got a question...

Ok, so it is well known that the market as a way of spanking hard all new day traders.
My experience as well - lost a huge amount of money since 2006.
The thought has always occurred to me that if I HAD DONE THE EXACT OPPOSITE I would
have made A LOT of money.
So, why haven't the genius programmers created a trading system that does this, and secondly
why hasn't some genius opened a company and said WELCOME NEW DAY TRADERS, come trade on our system
and we'll front you the money - and then have the traders computer execute the exact OPPOSITE that the
newbie trades.

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,622 received



BobsHobby View Post
Ok, so it is well known that the market as a way of spanking hard all new day traders.
My experience as well - lost a huge amount of money since 2006.
The thought has always occurred to me that if I HAD DONE THE EXACT OPPOSITE I would
have made A LOT of money.
So, why haven't the genius programmers created a trading system that does this, and secondly
why hasn't some genius opened a company and said WELCOME NEW DAY TRADERS, come trade on our system
and we'll front you the money - and then have the traders computer execute the exact OPPOSITE that the
newbie trades.

Newbie traders don't necessarily enter in the wrong direction but exit at locations where it serves to hurt them. Most of them have no conception of scaling properly which can't really be mimicked in opposition. Even if you were to take the opposite position it doesn't guarantee success either because of random market noise. This is the same as going to the casino and doing the exact opposite of what a failed black jack or poker player would do. You might be able to get a hand or two right but you won't be applying anything strategic as the failed player is reacting to their emotions from seemingly random events. Try to build a system that fails and do the opposite and you'll see what I'm talking about. I've tried it before a few times, most people have.

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  #4 (permalink)
3rd times a charm!
San Francisco CA
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: CQG
Favorite Futures: ES
 
Zxeses's Avatar
 
Posts: 139 since Jun 2014
Thanks: 90 given, 171 received


BobsHobby View Post
Ok, so it is well known that the market as a way of spanking hard all new day traders.
My experience as well - lost a huge amount of money since 2006.
The thought has always occurred to me that if I HAD DONE THE EXACT OPPOSITE I would
have made A LOT of money.
So, why haven't the genius programmers created a trading system that does this, and secondly
why hasn't some genius opened a company and said WELCOME NEW DAY TRADERS, come trade on our system
and we'll front you the money - and then have the traders computer execute the exact OPPOSITE that the
newbie trades.



Let me see if i understand you right:
Step 1: perfect your/my/our vision of the future
Step 2: program this into a strategy
Step 3: Profit!?

Gotcha, ill get right on that... You just hold your breath until I have that perfected, comin right up!


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