Hello everyone, my name is Max. I've been seriously trading for a couple of years now, first TA then PA, but have migrated towards systematic trading. I'm at the point of my career where I am starting to be most often than not profitable, albeit in conservative ways. I wanted to take this blog opportunity to connect with people sharing similar goals and passion. They say networking is crucial, so this is my leap of faith in this circle. Good to be here, and nice to meet you. Happy Profits!
It initially started around 9 years ago at University, with classmates talking about Forex, got curious but never participated to its markets since it seemed a high bar of investment for an undergrad, but then Bitcoin became the main door for me. I could invest and try to "Trade" and Chart with as little or as much as i wanted. Now its been a few years i am more consistent in the market, trying to learn to predict the market by trading PA and some TA. All these attempt were in vain, now I do not predict anymore, I Pray... Joke aside I now accumulate data and run backtests, better for my sanity to have the least decisions to make when the alert rings. Personally, AI has been one of the best addition to my toolbox,it accompany(it does most of the work) me in creating quite useful codes, and automating things that would take ages. I've started reading some of Pardo's and E. Chan's work, with a long list afterwards. Love the challenges it brings, but it is quite hard at times when there are more setbacks than moving ahead, but i know that at one point things will fall in place. If you have any recommendations of books (already when thru most of the psychological aspects, i was falling in the technical atm)
Very good. When I started out decades ago, I was hungry for reading trading books and spent considerable money buying, as many were not cheap back then. My suggestion is attempt to source your books from the public Library. (Libraries). Most times you'll only read once or twice then discard. Start with reading all the classics. You can google for lists of the classics and I think on ET here there have been many discussions about trading books. Also don't forget to dig around ET for old threads on subjects, many gems here sitting in the archives, you can also use google to search for subjects on past threads on ET. Also feel free to ask queries on ET. Good luck!
A suggestion, now you can code, experiment heavily with ideas. Create code algos on your ideas and create directories on your computer drive to store them. What you'll discover is some will work and over the years to come you'll tweak and build them into something impressive hopefully.
Understood, thanks for the welcomes! Duly noted, I'll start saving more religiously my codes. Often went discarded or updated, and that is one of the pitfalls of AI generated code, if the code is lost, the new one will often be slightly different.
Yeah, you'll often create something and think to yourself, "aaaah that didn't quite give me the results I expected..." Then you file the idea into a directory, lets call it "Key Bars". Some months later you revisit the idea and so you go and peek at the algo you created months back and then say "oh my, that algo was poorly written" and you'll get it and improve upon it". This might happen several times until you discover you created a very good "KeyBar" algo which works just fine.