Reading this thread makes me wonder why I even bother attempting to develop a system, backtest it, forward test it on sim, forward test it live, and have any expectation of making any money.

not following the reasons for your conclusion.... care to elaborate?

does it really matter if real? I believe more than likely is not real... first, the level of question.. really? $5MM and you are business savvy and you only target $5K a day on average? rather silly... second, anyone with that level of capital would have advisors and not waste their time trying to learn to trade when their current business already makes them rich, why start something anew when you are making a killing on something else? in any event, I responded not because I believe it was true or false, but rather because I saw the question as a valid one and more than likely if anyone ever gets to that level of capital they would then have an idea and recall what we all wrote back then...

Mainly because of the overwhelming nature of starting in the profession of trading which the first few pages very clearly summarized. The posts reminded me of that and all I was doing in my post was listing those things I have done, do on a daily basis, and will do in the future in an attempt to learn this craft. I venture to say if I'd known 6+ years ago what I know now, I probably would not have even attempted this venture. Hindsight is a wonderful thing or is it...

Interesting.... Never too late to wrap it up? ha-ha

People always think because they have too much into something that the can't "afford" to let it go. I wonder if that has/is what is keeping you going?

I enjoy your posts, enjoy your insight and this is something I think many traders feel and think occasionally.

Do you ever feel you will be profitable? If so, when?

does it really matter if real? I believe more than likely is not real... first, the level of question.. really? $5MM and you are business savvy and you only target $5K a day on average? rather silly... second, anyone with that level of capital would have advisors and not waste their time trying to learn to trade when their current business already makes them rich, why start something anew when you are making a killing on something else? in any event, I responded not because I believe it was true or false, but rather because I saw the question as a valid one and more than likely if anyone ever gets to that level of capital they would then have an idea and recall what we all wrote back then...

on Elitetrader.com, many brokers prospecting for business would start these go-no-where threads,

just to pre-screen their most desired customer types, as if we traders waste our time during the day talking to other losers parading around as prospective new accounts with a magic $25,000 to open an account charging $1,500 day trade margins at $15 round-turn,

no, this was not a real proposition or thread, its another prospecting site, and as such should receive the same banning as others have received for doing such or violating the futures.io (formerly BMT) rules


look at how much discussion trapped so many others with viewpoints that really don't add up to anything, because the premise, the thesis, the opening of the thread was all bogus to begin with.....

aren't we supposed to be making a living from trading, and not wasting time, unless...

some aren't making money and are losing traders....

hmmmm, might paying more focused attention to one's trade craft solve that losing equation and turn it around to being a winning trader?



just a thought......

That is from your perspective. I agree with this guy and he is smart in my opinion..

He is reaching out to unchartered territory. To me, I have lost money with 'advisors' as they are all a f-in joke. Ask your 'advisors' at where you work or who help you manage your assets to show you a balance sheet and P&L. You will see the line item on the P&L that shows "Commission" or "Services Rendered" as 99% of their income!

I know many many many people with much more than this sitting in a bank account who I call friends. So, your comment is a bit biased to your own world in my opinion.
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If you read the thread, he had sold his law firm and had the bank to do something that he is wishing to make a small daily return for cashflow purposes. If you have been in this situation of not having cashflow in the past but a lot of cash you learn quickly how that cash can vacate your bank account over a few years and then your opportunity to purchase cashflow assets erodes.
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on Elitetrader.com, many brokers prospecting for business would start these go-no-where threads,

just to pre-screen their most desired customer types, as if we traders waste our time during the day talking to other losers parading around as prospective new accounts with a magic $25,000 to open an account charging $1,500 day trade margins at $15 round-turn,

no, this was not a real proposition or thread, its another prospecting site, and as such should receive the same banning as others have received for doing such or violating the nexusfi.com (formerly BMT) rules


look at how much discussion trapped so many others with viewpoints that really don't add up to anything, because the premise, the thesis, the opening of the thread was all bogus to begin with.....

aren't we supposed to be making a living from trading, and not wasting time, unless...

some aren't making money and are losing traders....

hmmmm, might paying more focused attention to one's trade craft solve that losing equation and turn it around to being a winning trader?



just a thought......

I appreciate your comments. You're right...never too late. It's just that I keep thinking "it's" just around the corner. I actually think my mechanical system puts me closer than I've ever been. But I won't know until I know. I wish I could say when but I really can't.

Also, I'm still doing the discretionary price action trading which is a pretty slow process as well.