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What I meant is that you cannot predict the future, yes you know where low is and you buy, but who says that it won't go lower and lower. You need to know how to manage risk and have an exit strategy.

You know when you're going to buy it, but when would you sell it? 1) If it goes lower? Like today. What do you do? 2) If it goes up, when do you cash out? Also, how many shares are you buying and why? Do you have a plan? Or is your plan just buying when it's low compared to 'recent' low? If...

Volatility really does not matter if your position size is properly calculated.

I tried google searching it and the solutions I was getting were not working. 1 freebie is all I need.

Hey, I am not able to install some packages and would appreciate some help. Thanks! For the record, (I think) I successfully installed: Python 3.6 pip NumPy I'm trying to install: Pandas Pandas-datareader Matplotlib Beautifulsoup4 Scikit-learn In terminal I entered "pip install pandas" and...

Why would you sell it now while the price is actually moving upwards?

Most people do not act rationally. It's hard because people have emotions, it's the reason why most people fail.

When they say risk 1% of your account, it means for every trade you should not lose more than 1% of you account. Example: Account = $500 Risk = 1% $500 x 1% = $5 So for every trade you should not lose more than $5. When things go bad and your trade is down by 5$ then you should sell.

Not enough money for Futures and I would stay away from FOREX. Your budget does not have an impact on the strategy you use. (ex; if you use breakout system vs MA crossovers, if they work with account of $1 million, it will work with $5,000) If you want low-risk then use 0.5-1% risk of your...

I would trade in 0 of those 5 stocks and would never "put them in equal weight". I can't tell you which stocks will outperform the ones you picked. I don't just pick 5 stocks, put equal weight on them and hold them for 6 months no matter what happens... I can tell you in the moment I have big...

I self-thought myself many things. I'm not worried about failure. I checked Sololearn... its pretty cool and free, which is awesome. Thanks!

@HobbyTrading No, I have no knowledge on programming. I was gonna start by looking for tutorials to get started and buy a book on the topic. Just wondering what book to get, there's so many. Just looking at the "for dummies" series; coding for dummies, beginning programming for dummies...

I use BMO Investorline and Scotia iTrade, which don't offer API. But in the future I will most likely move to Interactive Brokers. At my university, I have access to Bloomberg for my market data. I did some research, the platforms I can use to code are JAVA, C++, and Python, right? (my...

It is a viable approach... it's a start...

I never programmed before, but I am interesting in getting started. The thing is, I have no idea where to start! Being a beginner at this is an understatement. I know I am able to teach myself how to code, but I just want to know in which direction to lean towards. To begin, is a semi-automated...

I have to agree with this 100%. Side note; position size and knowing when to exit a trade are a lot more important than knowing when to enter a trade.

I have never heard of anyone ever use bitcoins and I'm pretty skeptical about it at the moment. Firstly, does the founder have unlimited bitcoins? It's like having unlimited money... Or is it more complicated to scam the system. If anything bad happens, you can lose all your "coins"/money. I...

I buy Dominos Pizza haha :sneaky: ...not the best I've ever had, but it is becoming increasingly popular around where I live. Personally, I would go long on DPZ, but not basing my opinion on the pizza quality.

I would put my money on AMZN.

I believe this is exactly what I wanted to know, assuming that 'value per point' is the same thing as 'dollar per point', is that correct? Do other price quotes than "cents per [...]" and "dollars and cents per [...]" exist?