Grind Out Your Own Performance

Posted on May 19 2016 - 2:49pm by Dan

“Success is a lousy teacher. It seduces smart people into thinking they can’t lose” – Bill Gates

So the other day on the ‘Sharpe Trade’ forums, a client discussed a trade he took, on a process that we don’t necessarily demonstrate on a daily basis.

I think that is fantastic!  Because it demonstrates they are working at becoming their own trader and grinding out their own performance.  That is exactly the sort of thing, that we hope to encourage.

Allow me also to borrow a phrase from another trader I know, regarding “green light”, “red light” trading strategies …

(Video Included. If you’re seeing this entry elsewhere and cannot play the video?  Click this link to go to the exact video entry …)

5 Comments so far. Feel free to join this conversation.

  1. Ali Nawthing May 19, 2016 at 5:22 pm - Reply

    Traders are just awesome people to listen to.

  2. oh yeah May 20, 2016 at 6:48 am - Reply

    they are so profitable, yet sell services, lol. you think they’d just make money with their like totally amazing systems

    • Dan May 20, 2016 at 7:29 am - Reply

      You mean … like any other firm out there that trains traders to trade remote prop from home with the firms capital?

      You obviously know nothing of the business model nowadays, so allow yourself to be opened to a little bit of education.

      A) We display our broker statements. Case closed, right there

      B) Beyond that, nowadays … a firm teaches someone to trade. And then, when you have your OWN broker records and proof of performance, you take that to a remote prop firm, and trade their capital from home. Very popular business model. You may want to look into SMB Capital, Bright, Ronin and a number of other prop firms. Successful firms, that will allow YOU to trade LARGE amounts of capital, from the comfort of your own home. _*IF*_ you can PROVE your performance over a period of time.

      C) Most firms, outside of our own, will teach you to trade … for between $9,000 and $15,000 … and it’s worth every single penny. Because as stated in point B, IF you can develop the pure skill of it (and it is a bear to learn the skill, like any career) and PROVE it with broker statements and performance metrics, you can then trade firm money. SO … we offer trading conversations and risk model views WAY underneath those successful firms price points … and then go on to trade remote prop. From your home. With firm money.

      So again … where’s the foul? Exactly?

      D

    • Dan May 20, 2016 at 7:38 am - Reply

      And that’s without even getting into the point of point D that …

      D) NO audited (notice that word, audited) trader on Planet Earth makes money with an “amazing system” every single month, every single day, every single year. Check the monthly databases of any public trader’s records ( http://www.managedfutures.com/top_cta_rankings.aspx ) So your entire premise is faulty. You might be confusing us, with the charlatans and snake oil salesment that out out there in the ether

      Warren Buffett, who arguably has the longest running and best track records out there, lost 18% last year, in 2015 (Oh, by the way, we beat him in almost every process we run, audited, broker statements to back it up)

      So if you’re not making money every month, and every year, you BETTER have another source of revenue, unless … we’re already trading a +10,000,000 account (See the Podcast: Trading for a Living – Income and Wealth: https://www.sharpetrade.com/trading-for-a-living-income-and-wealth-podcast/ )

      D

    • Dan May 20, 2016 at 8:12 am - Reply

      Oh … and LEST WE FORGET …

      E) We run the Sharpe Income Project … for free … with all of the records public … here at Sharpe Trade … with all of the moves announced … when we make them, which beat Buffett last year, and is beating the market this year …

      So …

      Again …

      Yeah …

      You stumbled into the real deal …

      D

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