I just want objective opinions and see how it compares to other products in the market. Remember that ad from e*trade saying "If your stockbroker is so good... why does he still have to go to a 9-5 job?"
If you are using AI it should be a joke to backtest.Actually some of the successful trades were shorts. At least backtesting.
Sorry to also state the obvious but 1 year is an awfully long time to get the data... and at 10 trades maximum a week so far (since I am under 25k so I can't do any intradays) it's AWFULLY SLOW too.
Human error is also a factor: I am using Scottrade and they have no MOC trades for example. So I missed the 4 PM deadline a few times.
THEORY and practice is a world away... hence why some paper trades look wonderful but the reality is way different.
If you are using AI it should be a joke to backtest.
Seriously, you are looking like a fool right now. 12 trades is not statistically significant.
For example with a meager capital of 2K, leveraged 2X to play with 4k, each roundtrip is $14 ($7 a trade) and there can be about 20 such roundtrips per month.
For a total of $280.
I need to GROW by 7% a month just to keep even with FEES.
Imagine 1k non leveraged and you NEED TO GROW BY 30% A MONTH just to get even with fees.
This is the real world... as I experience it now. Maybe you tell me of your cayman islands fantasies because I do 30%... but if one has little funding they are stuck at that for a long while.
Who among you really try to make money off of trading? some of the answers here seem ignoring the sad reality I outline above.
Interactive Brokers charge only $1 per trade I believe.