Main Idea Thread - The NEW R.I.C.H. Trader (formerly R.I.C.H. Crypto)

[GoldenTiger]

@GoldenTiger

AoW really does shine to master inner impulse, inaction, timing, etc. I can’t name them all, but for trading related task, it’s a godsent. This scripting NEEDS to be in Rich Trader, I would even be tempted to say that Rich Trader should be AoW scripting focused (or trimmed down) on the markets/money/trading rather than global effects, combined with massive money manifestation.

Update on Emperor The Art of War regarding trading.

You can know all the theory you want regarding the market, if your execution is poor, you’ll lose money.

On a side note - for this goal, I’ll stack GLM, AoW and Regeneration.

[Zlatan]

I suggest these ideas for the R.I.C.H Trader Subliminal:

• Effects for prop firm traders, since trading and getting payouts from prop firms requires more discipline than trading your own capital

• Focus on becoming a successful prop firm trader across Forex, Crypto, and Futures

• Include Anti-Tilt mode and strong mental toughness to handle emotions and maintain discipline

• Help with trading psychology — staying calm, confident, and consistent under pressure

• Ability to grow prop firm payouts into more wealth through smart reinvestment and financial wisdom

• Continuous daily improvement as a trader, becoming sharper and more skilled each day

• Develop the skill to read price charts bar by bar, similar to Al Brooks’ methods (from the book Reading Price Charts Bar by Bar by Al Brooks)

• Understand why certain patterns form, which setups are reliable, and how to spot entries and exits in real time

[SaintSovereign]

Good ideas, everyone. Keep 'em coming.

For those who use automated trading bots, what kind of scripting do you need for success?

@Akin – noticed you mentioned this in your journal.

[anon15812918]

@SaintSovereign

For those who use automated trading bots, what kind of scripting do you need for success?

ability to craft profitable trading strategies
ability to properly backtest the data (without overfitting, etc.)
ability to code those strategies into a bot lol (my biggest problem is that I come up with strategy, start coding it and realize that a big chunk of that strategy wasn’t properly defined and a lot of it was intuitive; things I didn’t really consider)
risk management

[Kyuss]

@SaintSovereign

For those who use automated trading bots, what kind of scripting do you need for success?

Back when I was building automated forex trading, it was difficult for me to translate certain chart patterns into strict black and white definitions that can be used.

[Martin]

@SaintSovereign

For those who use automated trading bots, what kind of scripting do you need for success?

finding the perfect tool too (tool, language, ressources, price)

[JCDenton]

Features for understanding and making the most out of…

• Dividend Capture Strategy
• Dividend Rotation Strategy
• Both strategies combined with Options
• All of these Options strategies also from a short selling and long selling POV

[Akin]

So, most of my experience with trading bots came from products I bought from other people — they were already built, so I didn’t really have a clear framework for what to analyze. Honestly, my skill in that area is still quite low, and I think that led me to get involved in some things without really knowing what I was getting into.

I just wanted to find a strategy that worked, someone genuinely honest, willing to share what works for them (for a price), and able to offer real support since I was buying their product.

Maybe that was a bit naive of me? Maybe.

But those who create bots and work with quantitative analysis need different skills and resources (powerful computer, for example). They constantly test and adapt strategies, build portfolios for various market conditions, analyze data, form hypotheses about price behavior, backtest models, program trading bots, etc. Like a different skill set.