Recent content by maxxDovakin

Exactly. Machine Learning is a great toolset to do stuff faster and discover faster algo when it comes to computers. Like if the trader knows what to look for ( the patterns ) then machine learning can help find it in a less amount of time than it would take for a normal scanning methods...

Price really is King... Seriously Price is Everything in the eyes of a learned Technical Analysis/PA Trader...

Hence the degradation of quality... Well i hope the efficient society should sort out any imbalances like the efficient market sorts out the extreme imbalances like Climaxes, etc...

Exactly. Economics serves a vital role in upholding the whole social structure as we know it. Its the pillar of modern civilization. With free money to all either the majority will degrade even further in their qualities because they are getting free money or it will soon end in outright war...

Greatly explained the difference that so often comes up. Trading and gambling are just 2 vastly separate and different fields. Trading requires the traders to work so that the odds become increasingly in his favor. But in gambling your hands are tied, whenever someone finds any edge or hack in a...

This is an excellent explanation of why one should try to exit losing position as early as possible. "It costs enormous mental and emotional capital and opportunity cost to babysit losing positions that wears us down and we often make poor decisions because we so badly want the position to...

When you are buying a stock you are owning an asset of a company or you can say you become a part owner of a company no matter how minute that may be. And naturally to own this asset you need to pay for it. So you need a sufficient amount of money in your trading account ( an account that is...

I second this answer. Try reading Trading for a Living by Alexander Elder for a beginner to intermediate course for trading. It has many good trading systems and techniques which can be useful. And if you are really serious of getting good in trading then i will also recommend Al Brooks. His...