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That is correct. I said nothing about how they got rich. ALL of them were broke in the 70s-80s. Some several times. They did have educations, almost all, and applied it. It is interesting that the "news" portrait of the 1% has become an attitude for some. As far as crony-ism, that is a...

I agree with this. The general public, that is new to investing or has only seen this decade plus bull market, seems to think it is "winner" for the long term, which translates into buy anytime and hold. Carnage will come and swiftly due to the amplification factors in the market.

There is a lot of talk about big numbers, but little talk about people who actually are "wealthy". I know over a dozen folks over the 100 mil mark and here are some observations for all you thinking about "getting rich".:banghead: Financial independence can be thought of freedom from money...

No offense intended here, but this is more a trade tactics than a trading plan. There are a lot of elements to a plan. An overall strategy, trade tactics, execution strategy, money management, risk management, office management, funding, scaling, hardware solutions, software solutions, UI...

As other have said, it is is a matter of why there are losses and why are you stopping. If you can drill down into the reason that is a good start. To wit, I had 3 or 4 bad things that were hurting monthly performance. So I created a set of "meters" that evaluate my trades. When the meters...

They used to differentiate ( about a year ago I think), but they stopped and just do the initial and maintain now. It used to be the case the initiate on the overnight was higher, and thereby discouraged the holding of your max daytime position, because you would be over margin initiating the...

Average about 8-12 days of winners, then a pause. It all works out in the end as the plan accounts for it. If you plan does not encompass weeks and months, it may not work past, eh, um weeks or months.;)

4500 for 2020 Fed and CA, K-1s this year had new rules. Also did Canadian return for 800 USD. Unless you have professional software, it is hard to do on your own correctly. True Stories: Mother and father in-law did a dubious tax scheme where the company made no money but only provided a...

IB Does not carry all penny (F) stocks. In fact last I checked, they don't carry a lot of them. Too much risk I suppose. Plus there are a lot of "exchanges" outside the US, that are the "equivalent" to our pink sheet stocks that are far less regulated. E.g. Canadian PURE, which IB does not...

64 bit built in the API release now....

Depends upon your tactics. Not advised unless you have a plan to make it worth the R:R. Even then better to get the feedback with a stop ending the trade, and place another trade in a winner, imo. It depends upon your tactics, so there are places for it in some plans, but certainly not all...

Yeah, reminds me of the time someone approached me about doing a competing "program" to PokerParty. Thought they could just hire some "programmers" from the "net" to do it for them. I tried to explain to explain the architectural requirements, ( Server-client, scalability, performance...

Trading vs Gambling has been beaten to death. But what about Gaming. Thoughts on cross over skills?

Any sequels here?

IB does have a sweep program for over the 250K, last time I checked it does a nightly sweep of 250K into other insured accounts for your cash. I think it is automatically setup for you or you have an easy Opt-In. It is why I use IB or other majors. They know how to handle money. BTW: I also...

Nevermind then.

It is in the details. There is a system that is back tested etc. Then there is a strategy to implement the system, then there are tactics to execute trades. People confuse the three all the time. If one has all the pieces, then they can create a stress and limits testing of the system...

There is a long distance between trading knowledge and implementing strategies in code. If you are not versed with anything besides UIs there is a lot of things to learn before one can efficiently do dev work. I would suggest getting familiar enough so that you can at least be knowledgeable...

Hi All, Not looking for any trading advice, but here is a chart to comment on. No volume or indicators, just a couple of lines I needed. Arrows are the "entry", and 10% Profit taking later. Still short 90%. Targeting 127 for next PT. Not a Forex trader here. Know the basics, but don't...

Nothing as fast. You could roll your own for the Mac I guess. But otherwise you have to recreate the orders and adjust the orders in TWS. It is pretty easy to generate order vai the hot keys. Managing them with the OCA field is harder and takes time (10 seconds at most). But that is time...