Disliked{quote} I am with you on this mate. I suck as a discretionary trader and cannot trust my innate biases....but where I disagree is that I believe in quant....at least for the future when they start modelling better systems with less dodgy assumptions about 'efficient' market behaviour. If there was no useful information in that data my game would be up....and it is now getting a bit beyond a lucky random sequence of events :-)Ignored
I am also of the mindset to take profits as they come to me.... high frequency profits, low frequency loss and then net it out on Fridays.... this way I am in control over my destiny and not leaving positions open and exposed to market gyrations. Performance Outcome has to be controlled and predictable within the proft taking or loss-making episode at all times.... just my mindset bro.
Disliked{quote} This autocorrelation system is just a new kid on the block on trainer wheels mate. It hasn't been put through the riguour to get into the portfolio yet. After a lifetime of unsuccessful soul searching....I have cheated ........and have simply jumped on the back of those FM's that have an audited track record of 20 - 40 years. This has meant that I have let my ego behind and have simply learnt how to invest via a portfolio solution....not trade per se. This isn't a cashflow game as you know....it is a wealth creation game. The game changer...Ignored
Speaking of wealth creation, I look at my 401K every weekend and the autocorrelation stuff you are referring to could be tackled as simple as doing a dollar cost averaging and automatic rebalancing (which you have discussed also) without any analysis and hassle. It works like a charm across the various asset classes. I have been doing this for over 25 yrs in my retirement account with less than few hours of my time in a year but the double edge sword is the market corrections. You have to muster them and stay thru on the path. If you withdraw, you are screwed resulting in a lost decade so this approach is good only for wealth creation in the long run and for retirement accounts with funds you hopefully would never touch and pass it over to your kids as inheritance :-
My goal is to live off FX in retirement and leave retirement intact for my kids and grand kids future. Let's hope I succeed with my automation. I will engage my kids after 2 yrs of proven success for them to take it over from me so I can move on to tackling real world problems. I plan a decade in advance lol
Disliked{quote} "My EA (by design) will blow the account if left untouched over the weekend. And, by design, it has no input parameters. I manually edit them and compile several times every day (and/or remotely manage) the hard-coded settings. Steal-proof baby!" How do these counter measures work? The 1st one is a booby trap? The 2nd one-I mean they can still look under the hood? How does the 2nd designed to work? Sorry VEE, don't know much about the coding aspect, apologize for any dumbo questions. ThanksIgnored
Staying in my lane...
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