If you want the long version of how I got to where I am you can read it here.
Here is the Cliff’s Notes version (well sort of the Cliff’s Note version, it did get a little long)
In 1999 I decided I’d had enough of the corporate world, quit my job, and enrolled in the school of hard knocks called trading. I quickly came to the realization that there is no formal training nor schooling that will prepare you for this career.
Trading was an endeavor I truly loved for it combined my love of the market with another passion in my life, technology, but unfortunately, a passion for the market and technology are not enough to elevate you to that very sacred place few are welcomed to called “consistently successful trader.” Thus I started my quest, “What did I need to do to find this sacred ground.”
After reading Mark Douglas’ Trading in the Zone, I concluded what I needed was an automated, well-defined, well-thought-out plan that had been verified through back testing. In other words, an algorithm. Now I just had to find that system.
I had been following Larry Connors for years and liked his philosophy then in 2011, I was able to get my hands on some of the code he used for his algorithms and started down the yellow brick road to make an algorithm my own. I soon realized, even though I had a background in software programming, learning a new language while incorporating all the idiosyncrasies involved in developing an algorithm was going to take a lot more time than I was willing to spend. I would have to hire out the programming. Little did I know what a phenomenally good decision that was on my part.
Although I had a few false hires, I ended up contacting the one person who is probably the best in the business and lucky for me, I found him at a time when he was taking on new clients. Although this fellow restricts his client base to advisors who manage millions of dollars, he decided he liked what I was suggesting and took me under his wing.
I have spent hours (and mean H O U R S) on the phone with him patiently explaining why I had to do what he was trying to get me to understand. I wasn’t always the most willing client for his services were darn expensive but he convinced me to take heed of his “suggestions.” I came to the recognize his knowledge of the market and programming transcended anything I could ever hope to attain and I needed to just go with his recommendations.
I had started down a road with no idea where it would lead and, if I’d known how hard it would be back then, I would have probably abandoned the idea immediately.
Fortunately, though I remained unaware of the hours and dollars it would take to fully flesh out an “automated, well-defined, well-thought-out plan that had been verified through back testing” and forged ahead. Today I now have all the pieces in place and am very glad I have taken the path I have because I can truly say the best way to trade is Plan your Trade and Trade your Plan.