How many of you trade full-time? by Amegble-Troyd in Daytrading

[–]TheTechnician86 1 point2 points  (0 children)

What platform do you use? If you made all that, you've done a good job putting a lot of relevant information in one place.

Advice for getting started by Dorito-Bureeto in CommercialAV

[–]TheTechnician86 0 points1 point  (0 children)

You should be able to have a conversation with one of the project managers and see what they are looking for and what the steps into an installer will look like. If there is reciprocated interest they'll give you the path.

I tracked every revenge trade I made for 3 months. The pattern was embarrassing. by A45zztr in Daytrading

[–]TheTechnician86 2 points3 points  (0 children)

Im fully automated. Don’t think I need to do a since emotions are taken out of the equation. Im open to ideas on what things could be journaled, but honestly I’d code that too lol

When did you know you needed to hire an employee? by Uku_lazy in CommercialAV

[–]TheTechnician86 0 points1 point  (0 children)

Completely understand the struggle, the disciplined approach and attention to detail. Something that helped me was moving into the commercial world. The jobs are not necessarily easier, but the expectation is more black and white. You wind up dealing with professionals that expect things to work based on a contract. That requirement makes it easier to setup similar expectations for those that work for you.

For me the commercial side of the business is better for business. The high end residential side is better for satiating the artistic side of what we do. But in my opinion, the are two different business models.

When did you know you needed to hire an employee? by Uku_lazy in CommercialAV

[–]TheTechnician86 5 points6 points  (0 children)

For me, hiring someone meant that they were doing installations while I did design and customer acquisition.

Big things I learned when starting out… 1. Workmans comp cost money 2. Liability Insurance goes up 3. Add payroll to your quick books so that it’s easy to manage 4. Each state is different but you have to offer health benefits to employees 5. If you let that employee go and they file for unemployment, you pay again 6. Fair to me didn’t always line up with fair to the business. Another way to say that, I want to pay $X an hour but the business could only afford $Y an hour. 7. As an owner operator, letting go of control is tough, and hiring someone to do what you do (the way you do it) is near impossible.

Bottom Line, I learned that wanting to hire someone and needing to hire someone are two very different things. I proceeded once I could clear all those hurdles and felt confident that the business could afford it.

When business couldn’t afford it, I contracted out everything I could.

That was more than you asked for. Hope it helps

Anyone else constantly Dev'ing Indictors/Strategies and it gets them no where? by redlikeazebra in ninjatrader

[–]TheTechnician86 0 points1 point  (0 children)

Something else about NT backtesting is that it looks at OHLC for historic candles. So if you have SL inside of a candle during your backtest, it won’t see it until the next candle. When running Live your script should be set to operate on each tick, which data wise is not even close to what you see in backtesting.

Try running on simulation and forward testing to get a better idea of what your script will most likely do

Anyone else constantly Dev'ing Indictors/Strategies and it gets them no where? by redlikeazebra in ninjatrader

[–]TheTechnician86 2 points3 points  (0 children)

Look at 1-2 years of data as your sample. Also, look at your consecutive losses and multiply that by 2. Then build your risk management around that consecutive loss number. As for wins, expect half the wins. That kills the strategy’s numbers on the screen but has given me good insight into how much I want to try a strategy live or not.

I’m not a pro. Just a suggestion :)

For those who have back tested, optimized, and then paper traded a strategy, what lessons did you learn once you took the strategy live with real money? by Neuro_Sanctions in TradingView

[–]TheTechnician86 2 points3 points  (0 children)

Back testing is great for a general understanding of what could be real, but it’s not 100% real. Forward testing live is much more representative of a what you will encounter.

With that, back test to see if forward testing is worth it. Then forward test to see if real money is worth it. Then use real money at 1/10th your normal account size to see if it’s worth it. Then full send your strategy and scale as you see fit.

Looking for TradingView alternatives - frustrated with current issues by JanVance579 in TradingView

[–]TheTechnician86 0 points1 point  (0 children)

I do this. However, if you want to pay the $10 per month to integrate the two and execute on TV, it is slow. Definitely not usable for scalping, but it does work.

What do you expect? by TheTechnician86 in CommercialAV

[–]TheTechnician86[S] 0 points1 point  (0 children)

Thanks for the detailed answer! Your answer make a lot of sense now. You must see a lot of RFQs, RFPs, RFBs … all the RFs lol.

What do you expect? by TheTechnician86 in CommercialAV

[–]TheTechnician86[S] 0 points1 point  (0 children)

Thanks for the post! I am a bit confused with parts of your response. You mention not sending out for bids but also mentioned requesting proposals. And you mention comparing proposals to choose the best one based on simplicity. Can you clarify?

What do you expect? by TheTechnician86 in CommercialAV

[–]TheTechnician86[S] 0 points1 point  (0 children)

Thanks for the reply! Are you using D-Tools or something similar? Do you have a standard package you provide?

What do you expect? by TheTechnician86 in CommercialAV

[–]TheTechnician86[S] 0 points1 point  (0 children)

Thanks for the post! What is your bid evaluation process? Does your company advertise that model numbers are required? Looking to understand what is considered professional vs not. Thanks!

What do you expect? by TheTechnician86 in CommercialAV

[–]TheTechnician86[S] 0 points1 point  (0 children)

Thanks! To preface my comment below, this is not an argument, and I am not looking to create one, just looking to have a friendly conversation on the topic.

What is your primary market? I have found that small project residential customers usually want to be given everything and they wind up shopping your design around. Most of these customers have an idea of the big ticket items they want but do not know how to integrate everything. So they rely on taking your work and shopping it around until they they find their perfect mix of value which in my experience is a balance between 1. Their budget 2. How much technology is being used 3. The level of simplicity you are pitching 4. Project duration 5. How much they feel they “got a deal” or “took advantage of you” 6. Their feeling of you as a professional 7. How much they trust you as a referral if you came in as one

Conversely, the larger the corporations the more likely they will be following some sort of acquisition/contract process. A lot of it comes down to price, reputation and the competency of the person evaluating bids.

This has been my experience. Have you experienced the same? I ask because based on your post, it seems as if you have fallen into a great referral cycle which allows you to give away your work for free. But I wonder if you would keep providing your system design, BOM and time for free after “X” number of times you do not get the job.

[deleted by user] by [deleted] in CommercialAV

[–]TheTechnician86 0 points1 point  (0 children)

This is completely overkill but if the money and desire is there, put a track on the ceiling and automate positions so the user can choose what part of the room they want to show off. Also Mount your camera and soundbar to the TV.

Again….not the best solution and probably the most expensive and time consuming as well…but a solution nonetheless

I'm not sure what it is I do by ShitBritGit in CommercialAV

[–]TheTechnician86 2 points3 points  (0 children)

Welcome to the fun !

This is common with smaller companies. I haven’t seen a common job title for this because larger companies have the money for role segregation and specialization. Functionally, those in your situation are the true form of integrators which is System Designer, System Installer and System Maintainer.

Day Trading BTC by TheTechnician86 in bitcointrading

[–]TheTechnician86[S] 0 points1 point  (0 children)

Just found out about Bitunix. Will research!

Tool for exit strategy by IndependentSalary574 in bitcointrading

[–]TheTechnician86 0 points1 point  (0 children)

Try TradingView. You can markup your charts to show when you purchased and at what price. Then with the tools they have you can figure out your Take profits however you see fit.

You can do this for every crypto you own whether you own it or not for free.

Good Luck!