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Haha. Why not set the profit target 10 points away? That way, your wins are 10 times larger than your losses, right? In fact, set your stop loss to break-even. Then you will never have any losses at all! So simple!

Full automation has been the most significant factor for me. Sometimes when I revew my system's automated trades, I realize that it would have taken me another 20 years to get to that level of detachment, cold calculation, and machine-like discipline, if I traded manually.

Something does not add up in wabu's story. First, he said this: And then, this: So, how is it possible for wabu's dad to bail wabu out, if the dad is supported by wabu?

Some exchanges (such as CME) publish the field called "aggressor side", every time a trade occurs. For example, the bid/ask is $100/$101. If the market order to buy market is submitted, this would result in a trade at $101, and the aggressor side is "Buy". Similarly, if the market order to sell...

"Hedge Fund Market Wizards", 2012

I stand corrected. Looks like "safe harbor" is an IRS rule which deals with the quarterly estimated taxes. Mea culpa.

Agreed. For that option, the OP would need to instruct the payroll to make extra deductions from the paycheck.

Are you bored or something? There is always something to backtest. You know, you come across as someone who walks into a bar and says, "Barack Obama". When everyone looks at you with a question mark on their faces, you think to yourself, "Is it not abundantly clear that I've just ordered a...

The word "commissions" is typically used to designate an expense, not an income. I suppose what you originally meant to say was "management fees", or perhaps "incentive fees". Otherwise, the implication is, indeed, as Handle123 pointed out, that the profits are derived from the order flow...

How does that answer Handle123's question?

In this context, the term "safe harbor" seems to be used as a euphemism for "tax evasion". Are you looking for advice on how to hide your income, or for an advice on how to declare your trading income properly? If it's the latter (and assuming you are in the U.S.), you have 2 options: 1. pay...

I don't follow. What's the moral of this story and the purpose of this thread?

I am not sure I understand. Did you lose all $25k in 1 month of trading futures? Well, you are not the first one to wipe your entire account clean. In fact, there is probably a large proportion of traders who have done it more than once. Advice? Get your old job back (or a similar one), and...

If it's "very easy", how come your account balance is $5K?

I suppose it's a common belief that because of all the spoofing, stuffing, smoking, iceberging/darkpooling, and layering, the LOBs are useless/manipulated/misleading. However, my analysis tells me that there is still an exploitable edge. I certainly don't "stare" at the LOB. Instead, it's all...

Up until not so far back (about 25 years ago or so?), the most granular market action information was T&S. Exchanges did not publish their LOBs. So, yes, "tape-reading" was effectively interpreting T&S, unless you were a floor trader/specialist who had the privilege of a deeper look at the order...

The theory is, the markets move as a result of limit and market orders being submitted, cancelled, and executed. Most markets these days operate using order matching with the LOB (limit order book). LOB is effectively a double-auction mechanism where anyone can buy and sell. Tape-reading is...

Sounds like Haiti. To reduce transaction costs (slippage, commissions, bid/ask spread): 1. Use limit orders 2. Use low fees/commissions broker 3. Trade highly liquid instruments

The defendant, Haena Park, age 40, is a woman.

So, if you fund an "average" investor with enough money, he/she would become as successful as Buffett? This is like suggesting that anyone can become a Napoleon -- all you need is an army under your command.