SCOTT WELSH TRADING BLOG

Starting a “Revolution”

Starting a “Revolution”

Jan. 8, 2020

Back in the mid-1990s, I didn’t like the way tennis was taught.

I thought that people could get better much faster than they were.

And I thought I had a solution. A solution that would help people and revolutionize the way tennis was taught. (I used words like “revolutionize” back then.)

But I had a problem.

No one cared.

I was a nobody who hadn’t done anything.

Granted, I’d done okay in the juniors (until I got hurt) and set a few records in college (when my body allowed me to play), but I didn’t have a fancy pedigree.

And, of course, I didn’t have any students.

What if you threw a revolution and nobody came?

So, I did the only thing I could think of. I studied every coaching book in the world and lived at the tennis club all day. All I needed was a few students and then people would listen.

My students’ success would make them listen. Or so I thought.

Did it work?

My junior program grew to one of the biggest around and produced many state champions, won many trophies, and saw several players turn pro.

It may not have been a revolution, but, as Seth Godin would say, at least we caused a ruckus.

Now I want to do this in trading.

I don’t like how traders are treated. I think the information out there is vague and misleading at best, borderline fraudulent at worst.

I think we can do much better. I don’t think index funds are worth the computer screens they’re printed on. I think we can make more money than 8% per year.

But I have a problem.

Nobody cares. I’m a nobody who hasn’t done anything.

Granted, I built a robot a while back and doubled a small trading account in one year. And in 2018, I had five different robots beat the market.

But 2019 was blah at best for my small-target robots, and I don’t have any hedge fund management or TV appearances on my resume.

I’m just a trader who thinks he might have found a better way (simple systems, a bit of diversification, profit targets big enough that broker execution doesn’t matter).

So, this year I want to watch and track a couple of systems. I’ll talk about one of my own and all the ups and downs that come with it.

And I want to build and trade one of your favorite systems.

If one of both of these robots does what I think it can, maybe someone will listen to my crazy ideas.

Most importantly, if the robots do well, I know that traders will actually be making money.

I’ve already had some people send me some robot ideas. Keep it simple and give me as much detail as possible. If I choose your system, I’ll build a robot, track it all year, and give it to you for free.

Talk to you soon.

 

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It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these sites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, the publisher, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.