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I was getting maybe a little too paranoid reading about how some people were stealing indicators from the members forums and requested images of my proprietary technical analysis system be taken down. Just in case someone were to attempt to try to reverse engineer them. Big Mike said he won't take them down.
Oh well, at least I never posted my entry/exit timing system so W/E.
Am I a bit too paranoid? How paranoid are you when it comes to your trading system/method?
Can you help answer these questions from other members on NexusFi?
To clarify, futures.io (formerly BMT) only deletes posts that are spam, copyright violations, or similar. We don't delete because you posted something and later decide you want it removed.
Ah, it's fine. I didn't show anything very important.
Most traders I met who are half or more mechanical are very paranoid about letting anyone know their rules or how they trade. Curious if people around here think this paranoia is warranted or not. Some trading methods have changed market behavior and motion once people learned about their invention.
I mean, once people started locking onto certain ema cross momentum signals, those signals stopped being valid because everyone was either jumping into the same signal, or someone else was creating the signal by moving the market to trick others.
I think perhaps you aren't fully comprehending just how small of a fish you are in the MASSIVE ocean that is the markets. That of course goes for the rest of us retail traders too.
Markets move as a result of banks, pension funds, stimulus, economics etc. They DO NOT move as a result of your sqwiggly lines.
Of course it is natural to want to protect all the hard work you've put into your system. But it may help by remembering to keep some perspective.
Interesting to hear you've met mechanical traders who are that paranoid. In the forex EA world, it seems to be assumed that once a method has been out and about for a while, it's on a depreciated road of effectiveness until it's useless. I had met a trader who researched and used automated EA's with a VPS server who was was profitable for one year, maybe five years ago, but then it all failed and never worked again no matter what he tried. Overall I think it's true today that algos can guess where the stops are for the majority of momentum systems and there are plenty of resources available to the "big money" to take those stops "out" before resuming.
LoL... Not all markets are you a small fish in. When I was a newbie I once sold 100k worth of a penny bio stock during a rally at "market"... The stock was like a dollar thirty or so. The trade made it slip a couple cents.
I walked away from my charts and came back a couple hours later and was like... HOLY $*#*... Good thing I sold then! It slid like fifteen cents. Then I looked at where I placed my trade... The exact top? Wtf?
Then I realized... I had accidentally reshaped the entire daytrading pattern for the stock. My sale had scared the crap out of everyone who saw the order go through sending it into a multi-hour tailspin. That was the trade that made it click and I realized how the markets work. I don't trade stocks for this very reason. Each stocks pattern is controlled and shifted by a few players. Only a few stocks move somewhat naturally at all.
This is why I like the ES and SPY. They are not manipulated intraday. Takes too much money. However, overnight manipulation is semi common.
Watch the video on youtube of Cramer where he talks about manipulating the ES overnight upto ten points to attempt to shift the market mood in his favor. He has an interview where he spills some secrets about his old hedge fund days.
I think it was also one of the reasons he blew up. Nobody is big enough to fight the motion of the S&P except the fed.
