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I presume that Woot is the name of some kind of hip hop celebrity on youtube. I wonder if he takes credit card loans at 21% interest to finance his trading.

I believe you are referring to an iron condor, or perhaps an iron butterfly. Either one is good for decorating a bakery. For an extra effect, put the "We are short Vega!" slogan on the front door.

That's a common complaint. But, as DaveV noted above, some of us have been using IB API for many years, and it works well. It's a server push, i.e. Exchange->IBServer->IBGateway->API->yourCode Yes, changes are aggregated. The push frequency depends on the instrument. For example, for the...

I don't get it. You borrowed $25K from your dad, and lost it all in 1 month trading futures. Correct? Now you want to stream yourself trading on youtube? You know, Ed Seykota, one of the greatest traders, once said, "Win or lose, everybody gets what they want out of the market. Some people seem...

There will be no "next top" for a while. I think the top occurred on March 1, 2017. What's been happening since then is a charade to obscure that event.

According to MorningStar, the Sharpe Ratio of the S&P 500 index fund is 2.34 for the last year. The longer-term historical average is much lower, at about 0.5. So, your 1.13 ratio may look attractive (if you can sustain it for a decade), and this is what probably motivates the LinkedIn asset...

I've been authorized to act as a sales representative on behalf of Mr. Diversions. The price is negotiable. How much are you willing to pay? In addition to the system profiled, we also have a less profitable one, which is currently on sale at a 25% discount. You also get a free toaster with...

Let me see if I understand this. You want to hire a programmer who will pay you to code your system. Is that right?

Jack Schwager would of course say that percent return is a poor measure of a trader's performance, and he would be absolutely right. Jack likes to use his so-called gain-to-pain ratio, which as the name implies, takes both risks and returns into consideration. Consider two traders, Joe and Jim...

Beat the S&P 500 index by 20% every year for 10 years, and you will be on the cover of the Time magazine.

I disagree. There are no such terms as "handles" and "ticks" in either the ES contract specification or in the ES rule book. Sure, you can call your broker over the phone and say, "Yo, it's choppy out there. I wanna move my stop two handles, three ticks, and one pip on five cars of my ES...

Yes. In the CME pits, "handles" were communicated with a jerking motion. For example, to signal a price movement of 5 handles, you would make a jerking motion 5 times.

I've never heard of "University Bcom", "York", "Schulich", or "day-trading schools", either. OP, where are you that you've never heard that trading penny stocks is a bad idea? This is so dirty that discussing penny stocks is not even allowed at these forums.

1. You lost 10% of your account value in one week. Reduce your position sizes. 2. By your own admission, you trade while you are hungover, you brake your own rules, and you trade "foolishly". This is unlikely to change. Automate your trading. 3. From your paper trading results, it doesn't look...

That's because it became much more competitive out there. Some 20 years ago, institutions, professional traders and middlemen made (more or less) reliable income from order flow, spreads, commissions. Nowadays, they have to compete against each other.

If the "gut feel" is so important, why do we see a sustained move away from actively managed funds towards passive index funds, and away from human traders towards algorithmic trading systems?

With collective2, you don't have to execute trades. You can just generate a signal to buy/sell, and collective2 simulates trades based on these signals.

1. "Percent correct" is a really bad performance metric. You can be correct 90% of the time, and still lose money. Vise versa, you can have a profitable system with only 25% win rate. 2. No one will take you seriously, unless you have an audited track record. Plug your web API to...