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It would be good to have a friend to share experience. But to master it, it's a lonely endeavor. A major part is self discovery of one's personality. I started out with a friend and we ended up in divergence(manual vs automation). Personally, I find that learning is hard especially the first...

Executing a bad entry and hope for a good exit is totally dependent on luck. It's difficult to depend on luck in the stock market. I would certainly work hard on a good entry that would take care of exit. It's every trader's dream to close a position with a profit.

50 and 150 days simple moving average for trend following strategy.;) If this is an indicator for all strategies then it should be called "the holy grail.":D

Amibroker, javascript, perl, and Excel VBA.

@Howard, You want to quit your job because you don't want to be politically correct all the time. I am just joking. Ideally, only use 10-20% of your cash saving for trading. Of course, some might not agree. Believe you me, having a substantial savings will take a lot off your shoulder and let...

Another possibility is that the "edge" is static whereas the market is dynamic.

Does this look random ?

It's a statistical observation. Run a screen in your charting system by counting the number of days a stock stay above 50 day moving average for a period of 1 year. Do a frequency plot and you will see 60% of the observations fall in 20 days or less. For example, HIG, SO and SUI are above the 50...

When a stock is at least 20 days staying above a simple moving average and close higher than the past 50 days. Why 20 days? 60% of stocks which are above a moving average will go below the moving average within 20 days.

Stock chart is not that complex. I don't need to be an AI. I need is to have a feel for the market condition as a guide for my intuition. All I need is an edge and a + win rate. I also look from different angles... A-Z and Industry.

This is the main reason why flipping through stock charts everyday make perfect sense. Over a long period, the chart patterns are built into our intuition.

I flip through 4000+ charts for each trading day and have a sense of market perspective. Amibroker is ok for the job. It's an old school approach. Excel wouldn't cut it for larger scale so I use perl. Of course, I could recode 6000+ lines of perl code to Python. But learning a new programming...

Let me share a practical use of Excel VBA. I run a screen(also known as exploration in Amibroker) and calculate gain or loss between current vs previous close price. I export the result to Excel and use VBA to tabulate the results by Industry - max gain, max loss, number of winner and loser. Use...

He admitted that he is not a good trader.:cool:

Here are some classic books. https://archive.org/details/JesseLivermoreReminiscencesOfAStockOperator https://archive.org/details/abcofstockspecul00nelsiala https://archive.org/details/scientificstocks00dowc

No algo to share. I can do programming but I have to admit I can never program to tame the market beast. So, my next best approach is to follow the trend. Using DJI and CBOE as examples. 2017 is perfect for trend following strategy but not in 2018 and 2019. But it's still OK if we reduce the...

60 lines of code will definitely not be an edge. 6,000 lines maybe. Of course, 60,000 lines would fair better. p.s. I have around 3200 lines of perl script and could hardly keep up with the market beast.

First and foremost, protect the capital follow by spotting the winners. The percentage will follow once that twos are achieved. Average + gain is good enough and that will keep us in the game. Of course, 500% gain is a bonus.

Since this is an investment/trading forum, so programming is naturally gravitate to this area. First and foremost, one must have a charting software system and this system MUST have support for script programming. For example, the DJI correction in Oct 2018 and bottomed in Dec 2018 and recovered...

With Buffet's stature, big corporations go to him. He said this when GS gave him an offer he can't refuse. “We love the investment,” Buffett said. “Our preferreds are paying $15 a second, so as we sit here, ‘Tick, tick, tick, tick,’ that’s $15 every second,” he said.