NexusFi: Find Your Edge


Home Menu

 





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


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one Quick Summary with 1 posts (0 thanks)
    2. looks_two Zxeses with 1 posts (0 thanks)
    3. looks_3 forexxch with 1 posts (0 thanks)
    4. looks_4 Itchymoku with 1 posts (1 thanks)
    1. trending_up 1,081 views
    2. thumb_up 2 thanks given
    3. group 4 followers
    1. forum 3 posts
    2. attach_file 0 attachments




 
Search this Thread

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

  #1 (permalink)
BobsHobby
Ft worth TX
 
Posts: 1 since Oct 2014
Thanks Given: 1
Thanks Received: 1

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.

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
MC PL editor upgrade
MultiCharts
Could it be that currency futures are way easier to trade?
Currencies
NexusFi Journal Challenge - May 2024
Feedback and Announcements
REcommedations for programming help
Sierra Chart
How to apply profiles
Traders Hideout
 
  #3 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
Posts: 2,894 since Apr 2012
Thanks Given: 1,683
Thanks Received: 3,681



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.

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Reply With Quote
Thanked by:
  #4 (permalink)
 
Zxeses's Avatar
 Zxeses 
San Francisco CA
 
Experience: Intermediate
Platform: Ninja
Broker: CQG
Trading: ES
Posts: 139 since Jun 2014
Thanks Given: 90
Thanks Received: 172


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!


Visit my NexusFi Trade Journal Reply With Quote




Last Updated on October 22, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts