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The point you assume is that there is trend development. TA assumes that and is a study in how to get on the bandwagon. However, there are the random walkers and other models such as those that price options that don't assume there is a trend.

I am in the middle of a book that discusses the difference between luck and skill and how to determine which is playing a role in various outcomes such as sports and investing. Getting a few winning trades may deceive us as skill.

Which language to learn if one wants to do automated trading and backtesting in either stocks or futures? How would you go about learning the language? Community college or university courses? On line videos? Please weigh in. Also, how would you determine that the backtesting results are...

I think TOS works with ninja trader I may be wrong about that.

Stick with reputable firms.

Fair enough I am looking for firms that accept 5-10k, allow you to trade remote, trade equities and/or options. I am in the USA. Basically I am looking for alternatives if there are any to the ones that I listed.

Hi, Based upon my research there are only a few legitimate prop firm that will sponser for the 56 and take deposit. Here is my list: T3 and its subsidiaries including Integra and JC Trading and WTS 5k deposit. Bright Trading 50k deposit Are there others that should be added to this list? Thanks

Not impressively profitable but not giving up. Some of the market wizards blew out their accounts before becoming in the 5% group. I don't claim to be in the 5% group but am aspiring to. I am working on becoming better at this.

I like TOS free squak box shadow trader. I know there are others that are not free such as day trading rock star. I don't know about the paid ones.

Dont use free wifi. Buy one of those devices get 4g lte secured at about 50 usd a month. VPNs are still vulnerable I would not rely on them.

I use options so there is less money on the line and the risk/reward is clear. By reducing the amount of capital that is held overnight there is less capital at risk. So I would not have overnight the whole account in options. I just set aside for situations that I am concerned about gaps...

If you have a better answer why not share instead of guessing how successful I am? Those in the 95% are those who failed to contain losses.

That's a question YOU need to answer. There is inherent uncertainty in the market. Personally, If you have not already I recommend you read Market Wizards. This should give you some insight. There are many approaches to this and it depends on the time frame you trade and what type of trader...

If one is a series 56 prop trader are they subject to IRS wash sale rule?

TOS thinkscript??

So many people are going to get in trouble with this. There is always a catch when trying to beat the system.

Except interest upon interest till they die.

I was asking out of curiosity as I am considering opening an account with them. I agree the IRS will just come and take what you have.

Does this have any effect on the pattern day trading rule circumvention? Can someone get in trouble for that?

Hi, Anyone who has familiarity with this langaue can you please provide useful info for a novice? Thanks, P.S. I also published this question on automated trading but realized it belongs here.