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How can you calculate a risk-reward ratio on only 1 trade?????

Give an hammer to 2 different guys. One will build a castle and the other one will fail at his first nail.... It's not really what you are using, but how you use it.

Totally wrong! Anything can be back tested. Sometimes it's harder, but still feasible.

That quote explained everything!!! Back testing is a process, it has nothing to do with experience. It's the basis of finding a strategy/model that makes money. You need to do what's you need to do. If you're looking for shortcuts, then trying to make money with trading is probably not for...

The goal is not to be right all the time, but to make money overall. The market is an ocean, we only need to grab a few scoops of it every day.

+1

It seems that you are using the IB API extensively, for both order management and market data. I'm trying to use their API as little as possible. For the market data, I'm using IQFeed. For money management, I'm using my own code. I'm using their API to send orders/cancels and receive order acks...

How many times a month your Internet goes down? I'm asking because I had 2 different locations, and at each place the Internet didn't go down very often, maybe once a year during EST normal trading hours (if it's not less!). Using a VPS gives you many benefits: Internet redundancy, power...

I'm talking about the Gateway. If I remember well, I just downloaded their latest version on their web site, a couple of months ago. I don't know what is the latest version they are offering today.

I'm using the IB GW Build 966, dated Jun 16, 2017 and I don't have those issues.

How did you perform your 'demo trading'? How many trade did you do? How many years/months was that? What product/instrument are you trading? What type of trading strategy are you using? All these questions will help us trying to help you.

It's sad that so many people here don't know that they are talking about. Obviously, ET is not the best to get advices on computers. Btw, Scat is one of the more savvy about hardware on this forum. I'm not always on his side, but at least he knows what he's talking about.

I'd say both. Entertaining at first, but too much after a while...

Aahhhhhh!!!! La Piazza del Duomo...

MM make money on the bid-ask spread basically. They buy on the bid and sell on the offer. It's an obligation for them to provide liquidity on the names they are assigned. Plus, their positions are netted at OCC (talking options here of course). Before the penny pilot program, they were making...

I have an office in Mtl, for both my trading and my other business. I will need to move my trading stuff somewhere else soon. By trading stuff I mean computers, desk, books, shelves, sofas (!!!). I might be opened to setup a sort of shared office for trading.

TANSTAAFL "There Ain't No Such Thing As A Free Lunch" There was a trading firm with that name. They closed the shop in 2006.

If you trade everyday, my take would be that you would need to declare your P/L as trading income. Btw I'm not an expert in tax reporting. If you want to make sure, although you will never be sure about this, you should consult a tax firm.

The thing is, it's not black or white. Day trading is considered income and investment capital gain. If you do short term trading and your goal is purely speculative, than it is likely to be considered income. I report my P/L as income and I trade the e-mini intraday. If you search the Revenu...

What type of 'fees' are you referring to?