Can an average dude make this "work"?

Posted By: pianowiz

Can an average dude make this "work"? - 03/07/17 21:17

Hi!

Took some time for me to come up with an explaining topic... bear with me.

So, I've been reading on and off on this forum for quite a while now. I have also been through the tutorial, and I've been done some developing in the Zorro environment. Programming is kinda new to me, and with not so impressive results I'm starting to wonder if this developing-"thing" is really meant for us "normal" guys, sorry for using such a clumsy expression.

I'll try to elaborate - I recognize some of the members here, such as JCL, Boatman etc - and to me, you guys are geniuses (no, I'm not joking), considering the knowledge you show in every post etc. And when I compare myself to you, I feel that I'm so not at your level.

Ok, so this post is kinda sweeping. What I'm really asking is "do I have to be at your level to make this work"?

And by "work", I mean to make Zorro show decent profit with self-developed systems.
Posted By: AndrewAMD

Re: Can an average dude make this "work"? - 03/08/17 12:44

It comes down to this:

Competency X Frequency = Profit

You need to keep coming back to your computer and building solid programming skills, exploring good ideas, disposing of bad ideas, and making it a point to learn stuff when you'd rather be sitting back and watching TV.

Your starting point is your starting point - it's either advantageous or disadvantageous. You also have your strengths and weaknesses.

I started off by trying to day trade with charts. It didn't go well (30% loss). BUT - I have an engineering background and an MBA, so this programming stuff with research is way up my alley, and I can jump right into it. (Also, I programmed in MQL before - which also helps).

If you have good competencies in other areas, consider finding a way to leverage those competencies. Otherwise, keep building it up.

We're all gonna make it!

Andrew
Posted By: pianowiz

Re: Can an average dude make this "work"? - 03/08/17 18:38

@AndrewAMD

Thanks for wise thoughts and input!
Posted By: boatman

Re: Can an average dude make this "work"? - 03/19/17 09:55

I'd like to echo @AndrewAMD.

Don't make the mistake of thinking anyone here is a genius (OK,maybe with the exception of jcl). Wherever any of us are at is the result of a long period of hard work. Personally, it took me several years to "get it", to the extent that I do.

The good news is that being a genius isn't a pre-requisite for succeeding at this game. Anyone can do it, but it takes a lot of hard work and deliberate practice. The consistent application of a disciplined approach trumps intelligence and natural talent every single day of the week. I don’t know about you, but I find that incredibly comforting and empowering!

I'm actually in the middle of writing a blog post that addresses this very issue, so I hope you'll check it out when I publish it. For now, the best advice I can give you is to accept that you are in for a long and at times difficult journey (adjust your expectations accordingly), but one whose destination is most definitely within your reach.
Posted By: pianowiz

Re: Can an average dude make this "work"? - 03/25/17 18:32

Quote:
OK,maybe with the exception of jcl

I lol:ed laugh



Thanks for your reply! Have a lovely weekend.
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