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Not sure what you mean here. Could you please explain what the contradiction(s) consists of?

Although true, I'm a risk taker before that, or even before that a trading analyst. Without enough anticipated rewards to justify the risk, there's no reason to take on any risks. In trading, one cannot/shouldn't exist without the other. Not that a risk manager cannot do these things, but...

Please let me oversimplify: Do more of what tend to work and figure out WHY it works. Do less of what tend to don't work, and figure out WHY it won't work. If you're wrong, figure out what to do about it, instead of doubling down on hope, fantasy and ego. Don't marry one instrument, one...

If luck, what would you do if the trade was a loser? At what point (negative percentage of position/account) would you take action and what action? Options are for those with long experience already and some established consistency in markets. Are you certain what's the max you could stand to...

I believe we both can agree both arguments are coherent, thus no need to argue in-disguise about differences in perspectives, semantics, personal opinions/experiences, etc. Coherence as a tool to broaden understanding / reach consensus discussed here: Remains to see if the concept works in...

If you actually try backtesting, you'll see 4 price levels during each bar: Open High Low Close (OHLC) as well as Volume. In theory, there's no chance of price going beyond these levels for that bar. No need to just test for Close. What may happen in practice though, is that the exchange/data...

Ratios, if not compoundable, or more generally, expressed as parts of the whole, are not comparable or even meaningful across events. You CAN say, there was a certain % growth between year 2000 and 2010. However, that may add dependencies and constraints that was not present in a more general...

Just a little snark comment for those throwing percentages around, as you probably figured out already :finger: Growth in percentages should mean compounding, or else it loses its real meaning, which means someone is mis-reporting something. Of course, in reality percentage growth successes are...

1% per day means in 15 years you'll own everything on this entire planet and more. Of course, everyone on ET owns at around 100-1000 planets each, so their advice will vary by quite a bit.

Important to read the last few sentences of that article. Also, remember that brownian motion for finance is just a modelling of random momentum, in lack of more precise understanding and modelling of human behaviour - a gross oversimplification. I think most, even academics, are beyond the...

Quite the contrary. You might have every analysis proving "edge" in theory, but without acting on it, all of it remains empty intellectual exercises rather than actual realization. Same concept with all realization in life. For trading, actual capitalization on opportunities is the only and...

According to orthodox TA it's not an inverted H&S since that pattern should be present after a "significant" downtrend. However, it doesn't mean we can't rationalize the pattern after the fact, one way or another. Ie. The pattern indicates alot of squeezed sell/short-side traders. May provide...

Ideally, backtesting a freshly "designed" system will confirm initial performance without having to spend time and money to trade it yourself. As long as results from backtesting do not propagate back to the design and rules, there's absolutely NO problem originating from backtesting at all...

I've found ruby very useful for prototyping and rapid development. Don't need a GUI when you've got something like Notepad++, but there are ruby editors out there as well. Indentation doesn't mean squat as it should be. The language offer the nicest and cleanest syntax while being purely...

You know the answer to this. Very simple, really. Stop fooling yourself! When regular income >= (MUCH MUCH larger) than your regular income, you may consider scaling down / quitting your job. Having saved up, doesn't count as income! Otherwise, you're relying on hope, that you'll figure out...

Sorry for not exceeding expectations today :( Maybe next year... :)

6 years of banging head against wall :banghead: Reading tons of typical retail trading stuff + watching youtube videos. Making tons and tons of indicators / formulas to test in Excel. Lost big enough on spurious/hopeful intraday trading as a good lesson to scale down. Forward-testing various...

Money is just currency, a medium of exchange with no intrinsic value. A real value is integrity, in yourself and in society. Without it, there'll be nothing to buy with currency.

If it moves the plotted number "up 1", isn't that the behaviour you want? Can you reuse the plot for other uses? Won't be pretty, but a start. Should be some simpler way though. UPDATE: Should be possible to reference old data. See here...

A place to start Also check out videos by FuturesTrader71, who uses volume profile extensively and provides much free resources for traders.