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Attempting to PREDICT which direction a market will move is NOT the way to make money trading. Instead, construct a set of buy & sell rules that REACT to changes in price. No one can predict changes in price accurately over the long run (i.e. predict the future). Anyone who tells you that you...

For example, I am aware of an extremely busy medical doctor who learned to autotrade at night after work. His fund grew to over 10 million dollars with just one person on staff, himself. Eventually he left his practice. I seriously doubt he had time to teach himself C++ and Python after working...

I'm sure you are right in many cases. But I think there are successful hedge funds that do use Tradestation to autotrade, especially if their systems do not require super high frequency trading and especially in the start up phase when staffing is low and expensive programmers are a luxury.

I'm sure it is!

Yawn.

Your reply is very typical.

I agree. If you don't have quality data you will have less confidence in your system and be more prone to to turning it off at the worst time. I've heard people argue that you don't need to drill down to tick data and you don't need more than 6 months of data. But the critical point they are...

My personal (untested opinion) is that many successful algo-systems are actually quite simple and can be modeled in Excel or Tradestation with relative ease. It's resisting that temptation to turn the system off during drawdowns that snags most would-be gurus. The real secret IMO is getting your...

Yes, this is true. There is even a resource called 'Tradestation Institutional Resources' that assists multimillion dollar and billion dollar+ hedge funds with using Tradestation.

Your brain needs exercise. You tried to tell me what to do with my life and what to think and say. I'd call that personal. Hypocrite.

Don't twist my words. What they are doing is wrong of course. I am only trying to look on the bright side.

I never said I condone the tax or the 'stated benefits' are their real goals. (Highly doubtful.) I'm just looking at it from the perspective of someone who might be screwed by it and how I might personally deal with the situation and turn it to my advantage.

Don't twist my words. I was simply looking at the potential benefits.

After thinking about this 1/4% tax controversy my guess is that it will happen and it will eventually be worldwide. Half of Europe is set to adopt the tax in 2016. I'm surprised that I actually have mixed feelings about it. I read a bit more and one of the stated purposes is to stop people from...

"Mutual firms and hedge funds have a huge advantage that you, the individual investor, do not. They are a business. As such, they pay taxes on their total net gains. Losing trades offset winning trades dollar for dollar. Their investors also pay taxes on their net returns (not on each winning...

Thanks. I see now. Horrible.

Thanks for the useless comment. For the record, I have had plenty of my own losses. Most traders don't make money.

This 1/4 thing really blows but the sad reality is that most traders are not even profitable so it will only apply to the rare trader who is actually making money consistently. In other words, it won't apply to most traders :(

In 2010 a buddy of mine lost some money trading that he did not realize he could claim as a loss. I believe that after 4 years you can no longer 'carry over' losses into the following year. In this case the cutoff was April, 2014 I think. But does the 4 year cutoff also apply to losses that you...

Note that the 'wash sale' rule no longer applies if you eventually sell the stock or option that you rebought and another 30 days passes before the end of the year. For example: 1. You buy XYZ in 2014 2. You sell XYZ for a loss in 2014 3. Before 30 days passes, you buy XYZ again (wash sale rule...