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I'll make it easier for you, since you don't seem too bright. I answered the OP's actual question on the first page. Then somehow the thread became a series of people talking about efficient markets, most of whom have no idea what they're talking about. Thanks for stopping by.

It's imperative that you understand that you do NOT know this. What you know is that if you had been able to make the series of trades you've studied IN THE PAST, you'd have made the money that your backtests say. But now, you see that making those same types of trades in REAL TIME isn't...

1. Guy asks if trading is "useless". 2. Half a dozen people spout shit about the EMH, most of it poorly stated garbage. 3. ?

Here's a system that makes about as much sense: Buy when the date is January 1, 1900 Sell never 1 trade, open profit +1,000,000% roughly, or 10% per annum

Traders are in the business of manufacturing price information. Those who do it well make money. Think about it -- the only way you can make money is to help price to get where it's supposed to be.

JimmyJam, that might be the best thread hijack I've ever seen. Wtf is all that crap? Frosty, nothing wrong with changing methods. What matters is WHY. If you're fitting parameters, I told you it's not going to work.

Ok, ok. The software is *excellent*. The models are well-specified and documented. I've been a professional options trader for 12 years, and there's not anything I've ever tried to do that I can't (outside of exotics and such). It just works. It calculates option values and greeks in...

How those shorts treating you?

Good times.

He's right. It's SEVENTY DOLLARS. If that's an issue, you don't want to trade options.

It's a calculation tool, and a damn good one. Importing and all that is your problem.

Excepting technological issues, market orders are filled instantly. Remember, prices moving before your order arrives is a technical issue.

Larry's books may be self-promoting (I don't agree), but there is a WEALTH of info in them. I've made a lot of dough from ideas that came from him or were inspired by him. I've never subscribed to anything or taken a course, just read a few books. The best by far is Long-Term Secrets to...

My god, I hope you people trade the same things I do.

My god, I hope he trades beans. That'd put a big smile on my face.

*Good.* Again, this is the REAL knowledge you need. It's easy to backtest and make simulated money. It's HARD to make real money. And when you're starting out, you have no idea why.

People should read this over and over again. Great post.

Plan your trades. Trade your plan. This is the only way you can evaluate your trades when they're done (which you do, right?). Was the error in the plan, or in the execution? How do you fix it?

So you've been trading for 2+ years. You went the Bright route. What is your net p/l to date? What was the low? The high? This journal gives aspiring traders an idea of the grind they're in for, but without flesh on the bones, they don't know how to interpret it.

Winner!