Recent content by ChopperOnDick

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    Programming a price action trading BOT

    I had basically the same idea about a year ago. I have a background in primarily Java and near real-time systems, but knew nothing about trading. I still have no profitable strategy but I am still at it ... For what it is worth, here are some observations I made along the way in no particular...
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    Chopper's Learning Journal

    Week 5 paper trades: Well, that was a bumpy ride. Traded paper account Wednesday and Thursday. I was planning on only doing short positions this week as well but managed to dribble the ball on my feet once and entered into a long position when i was trying to cover a short. Hit the panic...
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    Chopper's Learning Journal

    Week 4 paper trades: Only did short trades this week and only traded two days due to my 9 to 5 and Wednesday I didn't find anything I liked. Had to do some averaging up a couple of times but closed all positions green this week as well. Lesson learned: Never short a gapper in the pre-market...
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    Chopper's Learning Journal

    Week 2 (and most of week 3) did not provide any opportunities for paper trading due to family vacation. Week 3 paper trades: I am still trying to figure out some methodology to distinguish between intuition and hope - or in other words do I think the price will move in a certain direction or...
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    Chopper's Learning Journal

    Week 1 paper trades: The shift from strictly chasing momentum up early in the day (like Warrior Trading Ross) to trying to short has helped my overall perspective on things. If the mind only looks for bullish signals that is probably what it will see most of the time. I would usually end up...
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    Chopper's Learning Journal

    Sir, you are too kind. I think I picked up the allegory of the cave from Daniel Kahneman's "Thinking, Fast and Slow". Its a compelling way to remind oneself that you can be completely convinced and completely wrong at the same time ...
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    Chopper's Learning Journal

    Preface: Came into this through Youtube videos, ended up watching a ton of primarily Warrior Trading January to May 2020. Did a handful of audiobooks. Opened an IB account and put in 2k. Traded paper and real and eventually ran it down to 1.5k over the course of 6 weeks. Realized I needed a...
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    Chopper's Learning Journal

    Totally new to trading. Need a learning journal. Will post here, so other newbies may benefit and I can possibly get your thoughts along the way.
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