Recent content by liujs

I am not sure about the statistics, but I sure agree with TraderZone that many people never get the technical part done up. Partially depends on level of aggressiveness. If you get a statistically rigorous 55% of the time right one trade a day strategy, I would say that is not bad. However, if...

You should first consider what broker do you want to use in live trading. Then see if u can get a trial account from them. As such, you will get used to the trading constraints, such as amount of leverage, lot size, transaction speed etc. Try to reduce your trial/demo account balance to your...

If there is a voting system here, I would definitely give travis ten votes. All my pain over the years has been well articulated by him. I dont think u need complete automation to get ur trading right. But a systematic approach that is measurable is very important.

Your story makes me curious about ur P&L i wonder if u r net up or net down after all these years. Seen a lot of engineers and other professions crossing into trading. personally, I always wonder if it is the best thing to do. Knew of an engineer in his fifties. He was at the top of his...

You should really consider dividing your capital into five small parts or whatever portion and see what u can trade with that less money. When i first started out, I blew up super quick. At least reserve some spare ammo along the way for blow ups etc. Your behavior when u go live can be very...

Have to agree on this one. An advanced degree keeps the mind open. But studying is painful and puts you away from the job market. Each year back in school is a year's wages and increment gone and you gonna spend more time saving up money to trade.

Like some one said earlier, study hard core CS, physics or math at the Phd level just to get a quant job is risky. I know of pple with a Bachelor's doing stat arb day in day out. You can try ur hand at the smaller outfits that pay less well in terms of base salary. The bonus makes up for...

I have great respect for academics because when I look at the most successful people in the trading business, such as Jim Simmons of Reinassance Goldman Alpha Dryfus the list goes on.... They are all filled with people who are former academics who were at the forefronts of their...

I think a good suggestion would be to read extensively and incorporate new techniques that you know other people are not using that much yet. The markets get competitive more and more so everyday. As people react faster to news and information, trends becomes more volatile and harder to detect...

Actually, I think that it is ok to trade part time. I once tried trading full time before. It is very demanding and doesnt make much money, cos u trade too often. These days, i tell myself just one trade a day and i go do my full time job and save money to grow my account. At the end of...

Apologies. Missed out the part on DLL creation etc that u mentioned earlier. You should be using C# or C++ i guess. Some habits that I maintain 1) Inserting comments. Makes it easier to debug. If you wrote 200 to 500 lines of code yesterday, there is a high chance you would have forgotten...

Just before you close this thread... what is your solution? Mind sharing? Can PM me as well.

Allen, I asked what you asked at the NinjaTrader forum. According to the staff supporting that forum, automated importing of data and instrument is not supported by them. If I am not wrong, NinjaTrader stores all its data in (e.g. prices and instruments) in a Microsoft access file. I...

Like you I have no formal background as well. Actually, I recommend VBA. I dont think I see VBA being recommended any where. There are problems with VBA. Lack of security and functionality. There is absolutely no way to automate your strategy with VBA. If that is your need go with C#. C++ is...

I cant help but agree with this guy more. If psychology is the most impt part, all the algo traders, stat arb people would be dead. I personally think that psychology is important only if you allow yourself to make lotsa discretionary decisions in your trading. Because your decisions are the...