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the problem with options is that although i would lose only the premium, if one is not expert to put in place a multi leg strategy(And i am not), would just execute a put or call transaction, that does not help when(= the majority of the time) the market is range bounded because I am betting in...

OK thanks to point me out to some resource and even more for your time.

could you please monetize how much would be a bad intraday loss based on 1 MES, and if i can take some precaution as playing when there are not calendar events, in hours statistically with low volatility?

how much would be 5-10 points in dollars for MES not ES? how much would be 120 points in $? I really need to understand what is my maximum risk to understand if I can afford What a ****! really for 1 MES i risk all this stuff? I can barely imagine people that risk 200k with one single ES...

* Motivation I am scared to trade futures and get margin called, but i did my homework and studied market structure finding that are less manipulated than stocks and back testing them manually find more respondent to my technical analysis intuitions. When market is not bullish and want a small...

this is cool, I think I should stick with IBKR at this stage,their data should be reliable considering their role as brokers and as i need daily candles(ideally hourly), if i would be proficient in ES future could cut the cost focusing on one index, but i am still not ready to mess around...

300 are not enough too me, I need to update all the nasdaq universe, i think I should call them and will ask what they expect as fair server bandwith consumption. I guess most of the people that pay for an API want to have this functionality, why to rely on scanner that are limited as a...

I am building a database with historical oclh and volume data, including delisted US securities, based on the total NASDAQ universe, and simple day dataframe. I would like to switch to IBKR API because they are doing a nice REST API and mainly because I would like to execute the orders from...

Simplifying: Before this post did not know about discretionary trading, thanks @Snuskpelle :thumbsup: If one is truly expert as a trader, disciplined, does the risk math, can afford "listening" discretionary to the market, as per Livermore, letting the price speak(today not only that..) : A)...

oh i see thanks, make sense, because doubling down is really risky if direction is wrong(and/or) there is not strong support from investors as for traced lines in the graph

oh a contrarian:), please give an example why should work, i do not get

yeah indeed, gotta accept, that the plan needs to be thought forehead, and losses are a reason to meditate and move forward

All the coaches i heard say always a trader should never average down. This is a consideration linked to an important aspect: the risk management! I listened then a chat with trader podcast interview from a veteran that said:"Do the opposite of what common sense teached, I averaged down a lot"...

I would humbly propose to close the thread at this point, we spoke 360 degrees of the guy, after all he does not do nothing bad, is even not teaching courses for money, is just a trend follower as a lot of successful traders with big and small accounts, and everybody knows that with the proper...

Do you think institutions will benefit from GPU AI power to deliver the best algo or as market makers that will get a nifty bid ask spread? A fundamentalist will keep investing in a good company, but relating to the charts signals on smaller timeframes, at the moment i would say a today 10-15...

There is a meta level that may need to be fathomed. In Microeconomic terms we are to a similar situation so called `Perfect Competition`, where every player is not going to do any profit. Markets can be (with a bit of stretch) be extended to this consumer analogy. Given ChatGBT1 to ChatGBTn...

lol with these jokes, i feel like i got a real job on a trading floor reading ET threads

good point, like two chess engine that play, they are going to "optimize" a move, so in theory i may not be wrong saying that market may become much more efficient, leaving human traders lot of meat from the bones. EDIT: an Antifragile system to say as the option guy Taleb

Let's imagine that ChatGBT, the next version or the ones that will come one day will be able to predict market/stocks direction. Please consider I am saying `imagine`, so i am not asking you if will happen or not, so let's "imagine" this has true as hypothesis. My question is : What will happen...

I think is fair to admit that for different reasons there are markets/instruments that better obey to Technical Analysis than others, I mean: A) There are more likelihoods that volume well represents the effective buy and sell B) Support, resistance, trend lines, flags and wedges are...