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Why? To show the world/public and future.io members my results and how I am making a $500K to $1 million a year trading the ES markets with real results. That is my goal. Why? Because I can and I love this trading stuff.
Can you help answer these questions from other members on NexusFi?
Basically, I already wrote why I believe that's something wrong.
For those who are learning it's a great way to improve by making your stats fully transparent, I do so. Ken Griffin, Jim Simons, Warren Buffet, and many more have public stats/results and you can find them if you dig.
I am not trading currently, because my money is in long-term equities. I'm still holding COVID-19 pandemic plays from March 2020.
Here is some advice (my personal opinion): If newbies want to be profitable very quickly, then they shouldn't trade directionally. They should trade non-directionally by way of synthetic futures contracts, with three or more legs (i.e., 1-2+1, 1-3+3-1, or any permutation of Pascal's triangle).
I purposely said synthetic contracts with three or more legs, because the 1-1 spread will go directional every now and again. For the 1-1 spread, newbies should keep their exposure small in the event of a blowout.
With trading, as others have mentioned, you have to invest the time. No one, three, or six month course will make you an overnight success.
Further, mentorship and education are not free. If newbies want quality, they're gonna have to pay for it. Newbies will pay for their education one way or another through a well structured course, or through very costly mistakes.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,388
Thanks Received: 10,207
Wow your just going to give away all the best secrets in trading for free in a short post like that and not charge anybody anything? For what its worth, assuming we are talking about the same thing. I agree.
Not disagreeing - I am actually wrapping up a project to make synthetics much easier to backtest and trade - but what is it about Pascal's triangle that makes this approach useful? I am unfamiliar with that.
Don't worry. they won't heed the advice. Most traders want to trade directionally. Non-directional trading is so boring, double and triple the transactions costs, hard to put on/take off legs, and other excuses abound.
Good question. Any Pascal permutation of three legs or greater is a mean-reverting contract and is impervious to aggressive movements in the front month. Said permutations are butterflies. Non-Pascal permutations such as condors are not mean-reverting. They are directional.
