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Generational Wealth Trading

Public • 121 • Free

7 contributions to Generational Wealth Trading
When Did You Go Fulltime?
Question for @Kevin Gong, you might've already answered this in a live session or Q&A. When did you go full time with algo trading? Anyone else in here algo trade full time? Just curious. I have a 9-5 and own a software company on the side. Full time algo trading and still running the business is a goal of mine. Curious to know about other folks' operation!
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New comment Aug 20
0 likes • Aug 20
@Kevin Gong Love that, inspiring man! 💪🏾
Weekly Calls Best Time Slot For YOU
Provide your availability for the weekly Q&A calls in this format: Day of week: - Mon, Tues, Wed, Thurs, Fri, Sat, Sun Time of day (Military : CST) - EX: 600-1000 CST, 1500-1800 CST
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New comment Aug 16
1 like • Aug 15
Sat-Sun works best for me. 1500-19000 CST
What's my workflow to create algos
Here's my playbook to build a 7-figure portfolio of 10-20 algos in the next 90 days: 1. Pick a futures market, time frame, and direction I've found edge on these: - @NQ, 30 min, Long @CL, 1440 min, Short @GC, 1440 min, Long @ES, 1440 min, Long @JY, 1440 min, Short @EC, 1440 min, Short @GC, 30 min, Short @ES, 30 min, Long @S, 1440 min, Long @HG, 1440 min, Long 2. Find entry rules: - Mine thousands of indicator & rule set combos on 20 years of data (50/50 in-sample & out-of-sample split) - Withhold 2020-2024 for 2nd OOS validation - Fitness function: Expectancy score - Make sure to add in slippage & commissions (2 ticks per trade) - P.S. I use @buildalpha 3. Filter by Metrics: - Net Profit: $100k+ - Expected Value: $100+ - Average Trade: $100+ - Trade count: 600+ - E-ratio: 1.2+ - PNL/DD: 5 - WR: 40%+ 4. Find exit rules: - Hold time - Profit target - Stop loss Indicators Keep this simple. Your edge shouldn't come from your exit. 5. Robustness testing: - 2nd OOS Noise test - Correlated markets test - 3 months or 100 trades on live sim - 3 months or 100 trades on micros - If it passes all of these, now you're ready to go LIVE. 6. Portfolio optimization: - Check for correlation as close to 0 as possible between strategies - Check that fixed position sizing is fairly close to efficient frontier on the Markowitz model Source: https://x.com/KevinAlgotrades/status/1822470549227929916
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New comment 27d ago
2 likes • Aug 12
Insane value here, thank you! Expectancy score as a fitness function is something I will have to try. Been using Net Profit/DD and Sharpe
How do you deal with uncertainty and trade through drawdowns?
Help the community out with your best tips, perspectives, frameworks for how you deal with uncertainty in trading, and how you maintain consistency even during drawdowns. There's no such thing as a mistake, as long as we learn from it and don't repeat the same mistake. Learning from other humans is how we got to where we are today.
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New comment 13d ago
3 likes • Aug 8
I reflect daily on the fact that you spend MOST of your time in drawdown on this journey. So you have to learn to be comfortable in it. Also, the key to not only profitability but sustained profitability in this game is simply letting your edge play out over a large sample size of trades. Trust your system, and let the numbers play out.
8/6/24 - Current Algos 30 Trade SMA Statuses
ABOVE 30 trade SMA LONG - CL Kase - SI 1440 min - NQ 1440 min - ES 1440 min - GC 1440 min - GC Kase - ES 30 min (no stop loss though be careful) - NK 1440 min - CL 1440 min SHORT - CL 1440 min - CL Kase - JY 1440 min - NG 1440 min - EC 1440 min BELOW 30 trade SMA LONG - NQ 5 min - HG 1440 min - ES Kase SHORT - S 1440 min - GC 30 min - GC Kase
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New comment Aug 20
8/6/24 - Current Algos 30 Trade SMA Statuses
1 like • Aug 7
@Kevin Gong Oh that’s dope, didn’t know that. Does he use a programmable platform like TradeStation, or built his own framework using python or something? I’m not in Tom’s mentorship, a buddy of mine is and we both read his Breakout Trading Revolution book where he breaks down the formula to his framework. Took a lot of gems from it and was able to build some NT algos using his ideas. From what I understand his masterclass goes even deeper into custom fitness functions, walk forward efficiency scores and much more. My homie is in it, but I went the BA route instead.
1 like • Aug 8
@Beehjae Tacderas I trade on NT, but dabbled with TS in the beginning of my algo trading journey. I bit the bullet on BA after listening to Dave(the founder) on a bunch of podcasts and just learning more about the platform. Also, once I learned that the more advanced and successful algo traders are using some type of genetic algorithms to develop strategies, I knew that was the right path. Tomas Nesnidal does this at his hedge fund with an internal tool his team built, so I wanted to give it a shot. BA is really cool once you get the hang of it, I'm still ironing down a robustness testing process that produces consistently profitable strategies, that's why I'm asking you all in here more about it to get some knowledge share around BA going.
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Jade Byfield
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3points to level up
@jade-byfield-7659
Here to learn more about algo trading.

Active 5h ago
Joined Jul 3, 2024
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