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Traders have emotions and are influenced by one another, unlike numbers at the roulette. That is why I don't believe in the Random Walk Hypothesis. ----- By the way, I just read Specterx and I also totally agree with what he says (and also mdl060374 and HiFreekTrader say similar things). I...

Once again, I will quote my above example (two posts earlier). You have a 50% of being right on each trade, so if you make two trades your gain should be zero. But you then have the costs I spoke about. That means that, without a winning method, (in the long run) you have a 100% probability of...

For the same reasons I stated above, I think you shouldn't overestimate the amount of money that "90%" (or whatever it is) of traders is losing, and not confuse "losing" with "losing everything". One thing is to say 90% of traders lose, and another is to say 90% of traders lose everything. I...

A very quick answer to the first post that started the thread. If you don't have a winning method, then you have 50% chance of getting it right, correct? That means once you win, and once you lose. That would make your gain equal to zero. But then you have to subtract commissions and bid-ask...

Very very interesting. Thank you for your sincerity. I won't comment, because I'd be superficial and also I wouldn't want to distract people from focusing on what you wrote. Thank you.

Not as harsh as your predecessors please. Also, what is the problem with the "age group"? "> 10 years" includes everyone else. Or did it take you less than 0?

Got it, it's all clear now. Thanks for this very clear explanation.

MAESTRO, I was reading this wikipedia entry: http://en.wikipedia.org/wiki/Algo_trading It says: ...A third of all EU and US stock trades in 2006 were driven by automatic programs, or algorithms, according to Boston-based consulting firm Aite Group LLC. By 2010, that figure will reach 50...

This is a beautiful entry, I don't know who wrote it but it's just awesome: http://en.wikipedia.org/wiki/Automated_trading I agree with everything it says, but I will quote what I like the most about it: A trading system is a group of specific rules, or parameters, used by traders to...

It applies to me. But you can't do everything (not necessarily because one is "lazy"). So I'd rather do few things well, than a lot of things badly. That is correct. At first it sounded like you were being harsh on me, but it is correct. But maybe it is a little harsh, because I do have Return...

Congratulations on the math. Well, that's all the money I have. It's got advantages and disadvantages. It's not like I can say I don't care about losing "360 dollars". As I said, I get emotional about it. And that is why I am saying that "full automation" is the only way to go.

Speaking of "fully" automated vs "semi" automated - I was speaking about it earlier on this thread. Premise: I am about to celebrate my 30th day of full automation, without any intervention at all, no discretionary at all. Just a few minutes ago, I was looking at the systems, and it had...

I'm just adding this link to remind myself that this poll is paired with this other one: http://www.elitetrader.com/vb/showthread.php?s=&threadid=161203

Here's another one, I would say the second best after ET. It doesn't have frequent messages but the archive is big and all threads are very focused and straight to the point: https://www.interactivebrokers.com/smf/index.php?board=2.0 The vBulletin software used by ET and T2W is really good...

That's what was I was doing in this past year. Then a couple of times a trade went wrong, I didn't close the position, the loss grew larger, I could close it even less (for fear of feeling dumb), and I wiped out my account. It happened twice.

I'll try to work in your direction. I hope other more knowledgeable people will help. 1. I decide what works based on the back-testing. The simpler the better. The fewer parameters the better. Then also I want a small drawdown. Overall, I look at Return On Account (I use tradestation). 2...

Oh yeah, all the benefit of system trading are also benefits of automated trading. I forgot to mention them because I was thinking of the specific benefits of automated trading rather than system trading. Then I would add that by testing your systems, you have these three important...

Yeah, everyone is right. I forgot to add, among the "benefits of trading systematic", speed of execution and the ability to monitor multiple markets/timeframes. And also it is true what ron said, even though he seemed to go off topic, that automated systems also have problems (that discretionary...

I am not that great a trader, but I can give you my sincere opinion. The first reason that motivated me to try strategy trading (back testing systems on tradestation) was to find out what worked. Not "approximately", but with a set of univocal rules. Until then I had been writing pages of...

Well, they should start from the hardest part - programming. So some students would give up immediately and not waste their time. Then those who make it can easily get through configuring all the software needed. Then, for last, you can teach about the markets - the costs (commissions, slippage...