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Share your stories of triumph and failure!

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 Umair Chaudhry, Controller at Morgan Stanley

 Thursday, June 12, 2014

Hi, I wanted to start a slightly different discussion than what is common in this group. How do you find time to continue your research for trading systems? Finding a trading system that is profitable is the goal of mostly everyone in this group. A profitable fully automated/augmented trading system is not easy to develop. Some of us may spend years and never reach our goal. It is discouraging to spend months/years worth of research and development of systems only to realize that you had been doing it incorrectly all along. So to go back to my original question, how do you find time to continue your research? Share your stories of triumph and failure! I'll go first, I have made some money and lost. I've learned along this process. My dream to find that one system still continues and one day I do think I will succeed. I do think it is hard to focus on this dream that I have with many other variables at play in life. There are hundreds of systems that I have developed and there is that one system that I have spent most of my time developing and I do think it will go live one day and make my dream come true! Finding time to continue my dream is getting harder and harder.


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5 comments on article "Share your stories of triumph and failure!"

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 Jim Chen, the Quant

 Wednesday, June 25, 2014



It does not really take a lot of time to do research and development. I assume the computer is working, not human. But it does take time for live testing and debugging.


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 Niels Henrik S., Banker

 Thursday, June 26, 2014



Umair,

Firstly be careful you do not search for something that may not be out there. The issue of resources is the same as with a early stage business. So you can learn a lot form that world:

Stay positive and believe in it.

Have an overall goal

Set goals that are fully within your control

Be organised

Say no to a lot of things

Focus

Ask for (free) help where ever you can get it.

Work all the time

Listen to critics as you may be blinded by your dream

Monitor your work performance - are you getting closer to your goal or chasing shadows. Key here run a diary.

Enjoy the journey


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 Umair Chaudhry, Controller at Morgan Stanley

 Thursday, June 26, 2014



Niels- thank you for that comment. Very positive outlook.


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 Dave Love, Lead at The Rocker Corporation

 Monday, July 7, 2014



I find it hard to find time for anything else.


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 Junior Lockhart-Adams, Forex Trader - Traders Cosmos

 Tuesday, July 29, 2014



At the moment I stick to trend trading for medium term returns (months) and value investing for long term results (years). Both are very consistent.

Thanks for your discussion post.

I've saved your website and followed you on twitter. I like what I see.

Best.

Blog: www.mrinvestment.wordpress.com

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TRADING FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS
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