Can you trade better than a rat? - News and Current Events | futures io social day trading
futures io futures trading


Can you trade better than a rat?
Updated: Views / Replies:612 / 9
Created: by shodson Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Can you trade better than a rat?

  #1 (permalink)
 Vendor: www.probabletrades.com 
OC, California, USA
 
Futures Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,859 since Jun 2009
Thanks: 480 given, 3,254 received

Can you trade better than a rat?

Investment rats | The Enlightened Economist


Quoting 
One project is Michael Marcovici’s Rat Trader. The book describes the training of laboratory rats to trade in foreign exchange and commodity futures markets. Marcovici says the rats “outperformed some of the world’s leading human fund managers.” The rats were trained to press a red or green button to give buy or sell signals, after listening to ticker tape movements represented as sounds. If they called the market right they were fed, if they called it wrong they got a small electric shock. Male and female rats performed equally well. The second generation of rattraders, cross-bred from the best performers in the first generation, appeared to have even better performance, although this is a preliminary result, according to the text. Marcovici’s plan, he writes, is to breed enough of them to set up a hedge fund.


Reply With Quote
The following 5 users say Thank You to shodson for this post:
 
  #2 (permalink)
Elite Member
Baltimore MD US
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES, NQ
 
DeadCatBounced's Avatar
 
Posts: 283 since Apr 2013
Thanks: 1,507 given, 620 received

wow

Reply With Quote
 
  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,220 received


Similar motivation (feeding/electric shock) would likely work equally as well on humans, lol.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #4 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

When I saw the title of this thread I was expecting something regarding The rumpled one{TRO}....

Reply With Quote
The following 2 users say Thank You to kbit for this post:
 
  #5 (permalink)
 Vendor: www.probabletrades.com 
OC, California, USA
 
Futures Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,859 since Jun 2009
Thanks: 480 given, 3,254 received

Here's a follow-up article

The Artist Who Trained Rats to Trade in Foreign-Exchange Markets - The Atlantic

Reply With Quote
 
  #6 (permalink)
Elite Member
Waco TX.
 
Futures Experience: Advanced
Platform: Robinhood
Favorite Futures: STOCKS
 
quantismo's Avatar
 
Posts: 214 since Jul 2011
Thanks: 305 given, 145 received

Some Cheesy Thoughts

Next flash crash I am going to wonder if somehow a rat was involved......or when I am relaxing at the beach next summer and a big fat rat is drinking a Pina Coloda next to me while reclining on a chise lounge while reading the wall street Journal will I be curious and ask him what he does for a living.


Quantismo....


Last edited by quantismo; October 18th, 2014 at 08:14 PM. Reason: spelling error
Reply With Quote
 
  #7 (permalink)
Market Wizard
New Orleans, La (Mardi Gras City)
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Ninjatrader / Optimus Futures / AmpFutures
Favorite Futures: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 1,002 since Aug 2009
Thanks: 802 given, 1,367 received


Big Mike View Post
Similar motivation (feeding/electric shock) would likely work equally as well on humans, lol.

Mike

Anyone have a source for an interface that will shock me when I make a bad trade?

I bet this would work better than 90% of the strategies most traders are running now.


Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Reply With Quote
 
  #8 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received

Of course the rat has an advantage. He does not know what the market is. All he knows is that when he hears price go up he should buy, and when he hears the price drop he should sell. He has no bias as to what he thinks the market should do.

It wouldn’t be much different than hiring someone who knew nothing about the market to trade your system. You show him the plan and pay him by the hour to enter and exit trades based on the plan. The outcome of the trade makes no difference to the amount of money he earns. If he doesn’t follow the plan to the letter then he gets fired.

I'd be willing to bet that the majority of traders who come up short of their aspirations do so because they don’t have a plan or they don’t have the discipline to follow their plan.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
 
  #9 (permalink)
Elite Member
Chemnitz, Germany
 
Futures Experience: Intermediate
Platform: Python
Favorite Futures: ALL the futures (and options)
 
Posts: 80 since Sep 2014
Thanks: 304 given, 48 received

I always find argument such as "outperform[s] some of the world’s leading human fund managers” very disingenuous. People invest in funds to massively reduce their risk of catastrophic loss. It's not difficult to outperform funds in the short run, especially in a strong bull market.

Reply With Quote
 
  #10 (permalink)
Membership Temporarily Revoked
Dhaka, Bangladesh
 
Futures Experience: Beginner
Platform: insta
Broker/Data: Insta
Favorite Futures: Forex
 
Posts: 7 since Nov 2014
Thanks: 1 given, 2 received

Re Can you trade better than a rat.


Hello shodson,

Thank you very much for your follow up. It`s really helpful for me. I really appreciate you

Reply With Quote

Reply



futures io > > > > Can you trade better than a rat?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
I trade CL. I would like to track and possibly trade others with high volatility. mannya Commodities Futures Trading 21 March 29th, 2014 11:47 PM
Multicharts Hybrid Auto Trade / Manual Trade Add-On a2trader Elite EasyLanguage Automated Trading 1 August 17th, 2013 10:10 AM
[MC] indicator - number of seconds in trade (trade timer) Nicolas11 The Elite Circle 5 June 12th, 2013 07:00 PM
Good Trade, Bad Trade, Winning Trade, Losing Trade David_R Traders Hideout 2 April 16th, 2013 04:51 PM
The Bronze Rat kbit Jokes 0 December 19th, 2011 08:42 PM


All times are GMT -4. The time now is 05:51 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.11 seconds with 19 queries on phoenix via your IP 54.167.44.32