New Daytrader...Questions

NexusFi · 2012-04-22T12:18:16-04:00

I thought we've heard independent floor day traders aren't doing as well by their old methods anymore. That's why some have to resort to "educational" businesses. ex: Larry Levin's tradingadvantage. His "team" or someone flooded trade2win's review thread on tradingadvantage.com with like 300 spam first time members' "testimonials". The option market makers physically on the CBOE floor are still active because they're trading the spreads...against retail traders. …

Discussion in Psychology and Money Management

Updated April 22, 2012

New Daytrader...Questions

April 22nd, 2012, 12:18 PM

#21 (permalink)

monpere

Bala, PA, USA

Elite Member

Experience: Intermediate

Platform: NinjaTrader

Broker: Mirus, IB

Trading: SPY, Oil, Euro

Posts: 1,854 since Jul 2010

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mrphr

Yes, but do not you think that the actual track record results is much more important and valid then a backtest?
The forward results [track record] is far much more important than the backward results [backtesting].

Sure, if they have a track record with a numerically significant amount of trades.