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The word "chance" is usually associated with odds and probability. Better wording: To every trade there are only two outcomes: Either you win, or you lose. Now, the odds of you winning is initially very slim in trading, considering adverse volatility, spread, broker fees, costs, etc. So even if...

Rant mode on On starting over: What's the alternative? If you never start over, you can never really progress meaningfully! It's not like you can build an EMA out of an SMA (WMA - almost), or that market profile will easily expand into a linear regression line. Part of our curse, but also the...

Answers on quant-stackexchange: http://quant.stackexchange.com/questions/111/how-can-i-go-about-applying-machine-learning-algorithms-to-stock-markets I have to admit, using machine learning (ML) to build trading systems is not my first choice, as I find it hard enough to build a profitable...

Lots, I bet. This guy has published alot: http://thepatternsite.com/ However, it may depend on the market, time period, methodology, execution and many other factors, so should be taken with a grain of salt how applicable it will be to your trading.

I strongly believe you are better off making the template yourself and continue improving it as you see different needs arise. Keep losses small and let winners run. Play with small money first to learn, or papertrade, especially when trying new strategies. There's NO simple magic formula other...

5 years ago, this could be true. Today, any desktop will likely meet most of your requirements. Especially if your latest purchase was not the "cheapest" option, discounting environmental costs.

You heard the adage, "if it ain't broke, don't fix it?" It's the way things work when they are really working.. You don't really want to break that stuff, from own experience.

What you need may not just be infrastructure, but an unattended execution environment. If it's custom, it may need custom development and maintenance. Myself, I use after market-hours to maintain SL-triggers, so have no requirements for live operation. It's a very easy stepping-stone for...

Desktop PC. Assuming you want something to use for trading which doesn't limit you, I went for a gaming PC, 64 GB RAM, SSD and quiet operation (can adjust fans with buttons on the case). There were some trouble with gfx card which had to be replaced, but it's been smooth operations since then...

For software like Ninjatrader, it will still mostly work under VirtualBox, which is free of charge. So, today it's entirely possible to do most everything you need using Linux. What I would recommend for people wanting to investigate Linux, is to start with Linux Mint (also Free)...

Ok, so you're effectively a trend follower with a ridiculous target? ;) Then again, trading is in and of itself, pretty ridiculous! :D As long as you're managing the trade/risk according to your market perspective I don't see anything wrong with that. In fact sounds you have interesting ideas...

Chicken and egg problem: You want to implement this, but don't have the time to set up proper infrastructure. If you leave it to someone else, then they might steal the whole thing, so you keep it to yourself. Assuming this edge really require intraday trading and is actually tradable with...

Exactly. There's an art to using the right tool for the right job. C++ has some good use cases. Mathematica has some other. Excel do excel in many ways of prototyping, trying out simple but flexible things, and learning fast. One thing is the process of learning it. Then you can spend time...

I'd like to add: If you do have the time learning C++, it's a nice treat to learn most of the reasons why many languages are the way they are. Many of the "modern" languages are loosely modeled on C/C++ and try to mimic many of its features, although with C/C++ you can do it without much of the...

Think of it in trading terms: Why shouldn't you trade 1 second bars? It's the equivalent to C++. I learnt C++ myself during my teens. After accumulating computing knowledge for 30+ years, my first question would be what do you need it for? Myself, I use whatever tool makes my job easiest. It...

To be honest, I think most traders need this kind of experience, in order to really grow as a trader. Until you've made such a mistake yourself, you don't really know how much pain the markets may inflict on you in short order. A loss should not discourage further research and refinements, as...

Peace. And a kick in the groin. It's just complementary! Get over it folks!! If you got hurt, maybe it's because you let it happen! (Disclaimer: Not saying we can control everything that happens)

Interesting. Do you have a chart or something graphical to share so as to understand the nature of your signal (its timeframe, dependencies, potential scale-issues etc.)? Sounds like a leading signal based on corellation. I haven't used such methodologically, only manually to reassure myself or...

Not necessarily bad to buy Twitter at these levels, but it's a big gamble with alot of odds stacked against you at this point. Know that you're buying severely prolonged and trending weakness. So if you buy, buy into strength only and with very tight SL. If you keep doubling down, you could get...

Not to disagree, but I'd say failing at your own business might be worse, because of not only failing yourself, forfeiting substantial money and opportunities ("your shot at making it"), but also failing others and your creativity. A business will go boom or bust within a short period, while the...