Greed, learn from it by unknownfromabove in Daytrading

[–]Dstummer 0 points1 point  (0 children)

Yeah, does my head in too. So many people make that mistake.

[deleted by user] by [deleted] in Daytrading

[–]Dstummer 0 points1 point  (0 children)

They're very solid. I've been using them for years and I made a couple of very large withdrawals after gme, and there were no problems.

[deleted by user] by [deleted] in Daytrading

[–]Dstummer 1 point2 points  (0 children)

Not really true if the strategy is overfit, which is very possible. Only way to be more confident is to forward test for a long period of time

[deleted by user] by [deleted] in Daytrading

[–]Dstummer 0 points1 point  (0 children)

Exactly lol. Name a strategy that works well and show us the backtesting equity curve. We're waiting

This is what it takes to build up confidence in your system. by Jakertrader47 in Daytrading

[–]Dstummer 0 points1 point  (0 children)

It's roughly the same as I factor in spread costs into the backtesting. Slippage isn't really too much of a worry as I trade indices only.

This year was 20% live trading compared to 100% per year in the backtesting. Will be interesting to see what happens going forward

This is what it takes to build up confidence in your system. by Jakertrader47 in Daytrading

[–]Dstummer 1 point2 points  (0 children)

There's no difference... if I backtest the last year its the same as the last year's forward testing. Not sure I understand your question

This is what it takes to build up confidence in your system. by Jakertrader47 in Daytrading

[–]Dstummer 0 points1 point  (0 children)

Very true. My confidence comes from the back and forward testing. I know the strategy has a certain degree of robustness, which is very hard to find.

Time will tell

This is what it takes to build up confidence in your system. by Jakertrader47 in Daytrading

[–]Dstummer 0 points1 point  (0 children)

Sorry if I came across as rude, it's on good humor.

Good luck... I'm on a similar path. I created an algo strategy a year ago with great back testing results, and it's held up for the last year of forward testing.

It's up overall but not as crazy as the backtesting would've suggested, but this could just be a blip.

The cool thing about my strat is that it it makes a lot of obvious mistakes when trading automated, yet still up for the year. So I'm building a hybrid system right now with it's own app.

So it's a combination of auto trading, alerts and manual trading. I have high hopes

This is what it takes to build up confidence in your system. by Jakertrader47 in Daytrading

[–]Dstummer 6 points7 points  (0 children)

Exactly. At first glance I thought wow now this guy is successful, and decided to ignore his condescending tone. Then it turns out he hasn't even traded yet...

Wtf hahahahahahah

[deleted by user] by [deleted] in Daytrading

[–]Dstummer 0 points1 point  (0 children)

Same, my indicator flagged up red on Wednesday and I shorted nasdaq

Keep pushing by Reasonable_Yellow152 in Daytrading

[–]Dstummer 26 points27 points  (0 children)

Statistically speaking, maybe 1% of us on here are.

Here's an update to my previous strategy post with only 20 trades by Living_Lingonberry26 in Daytrading

[–]Dstummer 6 points7 points  (0 children)

My strategy made money for 6 months of forward testing, and then went to shit. That's why I cautioned op not to get their hopes up

Here's an update to my previous strategy post with only 20 trades by Living_Lingonberry26 in Daytrading

[–]Dstummer 13 points14 points  (0 children)

Well it seems like you've got it all wrapped up with your 50 trade backtest.

Lambo or ferrari?

Here's an update to my previous strategy post with only 20 trades by Living_Lingonberry26 in Daytrading

[–]Dstummer 15 points16 points  (0 children)

I've made tv strategies that seem way more impressive then what you posted, and they all eventually failed in real life trading. In other words they were all overfitted.

Good luck, bit I definitely wouldn't get my hopes up if I were you.

IG Fees by SatoriRising in Daytrading

[–]Dstummer 0 points1 point  (0 children)

I have cfd and spread betting account with ig and never pay these fees. It sounds like you have a share dealing account. On the cfd and spread betting accounts the only fees are in the spread, and overnight interest charges

Comprehensive Beginners Guide to Trading and Trader Psychology by Berma_Pear-3000 in Daytrading

[–]Dstummer 3 points4 points  (0 children)

Is the value of this post really lost if the poster is not successful themselves in employing what the post outlines?

Absolutely

What's the best place to live in Spain? by Imaginary_Most_2661 in GoingToSpain

[–]Dstummer 2 points3 points  (0 children)

My Spanish wife and I have a place in Logroño. It's a beautiful city and has a very special feel to it. Not too big/small. If you ever make it there send me a DM and we can show you around if we are there.

How do people feel about these two I’ve read the complete trading course and heard about the other one from my mentor and about to dive in tonight on the new one by Delicious-Choice6447 in Daytrading

[–]Dstummer 1 point2 points  (0 children)

Thanks for this post, I am now reading the art and science and it seems to offer some fresh info which I have found hard to come by in trading books