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  1. Bad_Badness

    OMG I can't believe this fallacy still exists in trading!

    Look up the word fallacy. Then add the word mathematical. There is no wiggle room there despite your ego, balance, position, name calling etc. You are using technical terms incorrectly. This is taught after algebra, usually in introduction to logic courses Use a term incorrectly, then go...
  2. Bad_Badness

    How do you predict the price before news trading?

    Wait 20 minutes. After the pre-news (t-5), after the initial reaction (t+5), after the reaction to the initial(t+15), after the secondary reaction (t+20). Unless you were on the floor in the old days, there is no way to deal with it. Don't step in front a freight train. It also is a great...
  3. Bad_Badness

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    To the OP here is what I see. FYI: Not so much nomenclature and patterns. Those things are not that useful because: 1) identifying them is a step removed from actionable information. 2) There are so many, that few are that reliable on ES. I would say 1 in 8 are reliable enough. Comments are...
  4. Bad_Badness

    Two Questions For Practicing Day Traders

    So question 1 is moot, is the new assumption. So Question 2 then: Expectation is too coarse a measure. It uses probability of W/L. In order to get a meaningful number you need too many trades, e.g. > 30. That is too coarse for what you are trying to learn now. You want to drill down into...
  5. Bad_Badness

    Two Questions For Practicing Day Traders

    You should be able to correlate the "correct number" of trades per day to the system you are using. If you cannot, then you are not on a good footing to do anymore trading, live or otherwise with that system. It is OK for someone super experienced to have some variability based on the more...
  6. Bad_Badness

    A holy grail scalping strategy

    I thought you were going to use the forum to post buzz words without knowing what they mean or how they work. E.g. Guru, holy grail, Scalp, market movers. So far this is all that has happened. Pro-tip: Stop now and go learn something useful. When you think you know enough, go back and learn...
  7. Bad_Badness

    What do you do when you grow frustrated?

    Oh yeah Forex sucks. Forex is high in frustration index due to the way the market operates. regulated markets are better.
  8. Bad_Badness

    What do you do when you grow frustrated?

    Find the source of your frustration and deal with it. Get real, no excuses. It is a common fantasy to think that one should be good at something right away. Trading will show you the truth in your abilities. Watch A Million Miles Away. (2023 release). Write down the 5 lessons, and then...
  9. Bad_Badness

    [Sabertooth Tiger Trading] [ninZa.co] Smart trailing stop strategy

    Sabertooth Tigers are extinct. Could not cope with a changing environment. Enough said.
  10. Bad_Badness

    Support & Resistance levels , and moving averages are just meaningless lines on the chart.

    What a sophomoric statement. Only fools care to "prove" anything to other fools. Is this what the low end has settled on for dialog?
  11. Bad_Badness

    A Retail's Day Trading Experiment

    Practice taking a loss early and small. There is always another trade in the future. Early is the hard part. Better to get close to BE on a trade that has mostly downside after the entry, even if it *might* go positive, and unlikely it will go big positive. Let that sink in. Seriously...
  12. Bad_Badness

    A Retail's Day Trading Experiment

    The red flag is in the rapid moving and keeping up with it non stop while a trade is on. No bathroom break :(. Cutting losses and letting winner run is fine. Just to be clear, discretionary trading can work when you have a plan, YOU CAN ACTULLY follow, emotionally, technically and...
  13. Bad_Badness

    Penny stock fees on IB

    You are supposed to use the Algo e.g. price arrival to make up for it.
  14. Bad_Badness

    A Retail's Day Trading Experiment

    First, you have to fill. Touching a price is not a fill. There is a que on which orders fill. You get in line with others. Many of those in line never get filled unless it trades through that price. Using the opposite side, like you are doing, is a good start. But you still need to "get...
  15. Bad_Badness

    Index futures automation

    Good attitude!!! From my review of the bug reports and fixes, I cannot recommend NT. It looks good but the type of bugs indicate it is not a stable platform and is continually making code infrastructure changes. MC desktop has its order handling limitations, but it seems a reasonable...
  16. Bad_Badness

    Difference between stocks/index and Forex

    FX is unregulated. Let that sink in. Cross country (international) brokers- "market makers" who do not answer to anyone. The only FX I would trade is through a regulated instrument like the CME pairs. Don't take for granted what the OTC (Nasdaq), NYSE, TSE, etc. do to make sure it is "fair"...
  17. Bad_Badness

    Index futures automation

    Please take this is a positive note. This is amateur hour stuff. Simple put it is backwards. What one does is create classes, using the formal mathematical meaning, of issues. Then one tries to create the "minimum cover", again in the formal meaning, to cover all the instances in that class...
  18. Bad_Badness

    Index futures automation

    Multicharts. I am using the scripting language for prototyping. Once I have something to go into production, I will recode in C, maybe. The thing is, a lot of system decisions can vastly change how stable and reliable your system runs. These decisions are more important than most...
  19. Bad_Badness

    Index futures automation

    You have an incomplete system. Perhaps you got a bit over anxious to trade after the back test alluded to profits. Incomplete is incomplete, regardless of PL behavior. The path that is happening is the same as a manual trader going off half baked because they see profit potential and just...
  20. Bad_Badness

    Best Trading Psychology Books

    Of the 20 or so I read, this one stands out. Winning the Mental Game on Wall Street. The Psychology and Philosophy of Successful Investing Considered a book about General Semantics. It captures or puts a context on ALL other writings. Think of it as the first book you should read, then read...
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