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  1. Bad_Badness

    Market depth/Nasdaq level 2-3

    So you want to use it and deal with spoofing? How Visualizing Order Book Depth Can Help as Spoofing Fines Hit Record Numbers | Nasdaq
  2. Bad_Badness

    most convenient way to figure out which positions are long-term?

    Most convenient? Sign up for the automatic notification IB provides. Less convenient, download the portfolio with a flex query and sort by date purchased. Also I think there is a "lot" buy sell, feature so you can specify which are bought and sold specifically, and can manage it down to the lots.
  3. Bad_Badness

    Do you use Pivot Points?

    The comments below applies to my experience day trading ES. I watched it, and only it, for 22 months, REAL TIME, and traded paper to recognize the patterns. Even in a 30 second bar, a lot of data is lost if you are not absorbing in real time. How a bar paints, is as important as, What it...
  4. Bad_Badness

    Do you use Pivot Points?

    Pivots are last century stuff. There is only two reason they would be relevant. 1) a bunch of people use them 2) Some magic Fibonacci, golden rule, chaos theory, numerical metaphysics. No one takes them seriously anymore. Pivots and level 2 DOM "secret sauces" are so old, but not in a good...
  5. Bad_Badness

    Source of Wealth IBKR

    I got a request in 2021 from IB when I sent money from a Non US escrow account into my US account, in non US dollars. On a side note, non IB related, had a buddy not file his FBAR forms. IRS hit him for 60K fines and penalties. He learned 2 things He should have filed late. They give you...
  6. Bad_Badness

    Advice for aspiring algo-traders

    Most of this applies to manual systems too. I like 9 and 10, personally. 9 is like the back testing engine. They are whole other systems to develop. If you have independent designs you can reuse a lot. For 10, a rule of thumb is validation time is equal to development time. When I ran...
  7. Bad_Badness

    Day trader monthly performance and returns

    People also put "returns" ahead of other goals. Day traders need consistency. That should be your main goal. Day trading in about large sets of trades. Also note all systems have a "natural" or "sweet spot" for returns. Some system will give you 15%, but when you push them to 30% they can...
  8. Bad_Badness

    Momentum vs Day trading

    A Day trader goes flat-neutral at the close. So they do not care about after hours, relative to their non existent positions. They do however ever watch the movements in preparation for the next day of trading. A Momentum trader cares about how far a swing will move and when it will pause...
  9. Bad_Badness

    Please explain this move to me

    Also look at how long the run up was, profit taking. Also the volume x price does not represent much money. So it is easy to push around. Could be a lot of stops set also. There is an old saying, which is only partially true, "once you see a trend, you can expect it to break". Lot of...
  10. Bad_Badness

    IB Digital Security Card+

    I wish I had kept mine. I want it back.
  11. Bad_Badness

    FOMO and Pump and Dump

    Speaking of Madoff, I had a friend who was in one of the feeder funds. Getting 8%. I kept on telling him over 3 years that he should consider that a Junk Bond type investment. After 3 years I got him to cash in. It was about 20% of his portfolio. 9 months later, Madoff was caught. The guy...
  12. Bad_Badness

    Implementation of complex trading scenarios, for back testing.....

    MrAgi1, I suggest you take all your "rules" and manually trade them and ONLY them. Probably you will find how much is missing. Pretend you are the code, and try to define all the parts that you do. If you do only what your rules say, eventually you will discover what you posted is a small...
  13. Bad_Badness

    FOMO and Pump and Dump

    GameStop FOMO inspires a new wave of crypto pump-and-dumps | Ars Technica Interesting how many were identified.
  14. Bad_Badness

    Why should the past have the slightest predictive power for the future?

    There is a big difference between trading based on: A Prediction Versus Something that is in front of you, and a Prediction. A lot of people "predict" too much. They disengage themselves from reality of what is in front of them. They do this to bolster their "prediction" ego, or are...
  15. Bad_Badness

    Why should the past have the slightest predictive power for the future?

    The sun will rise, gravity will still be here and the markets will churn, people will want easy money and fools and their money are easily parted. The world has a lot predictability. It is those who can't see or work with it, claim it is not there. Remember "spontaneous generation"?
  16. Bad_Badness

    Are tradingview strategies waste of time?

    Trading view strategies are not complete trading systems. Far from it. They only represent a small portion or perhaps a starting point for some. The "strategies" need to be fitted into your tactics and risk management for starters. It is not as simple as "buy here" and "sell there". That...
  17. Bad_Badness

    Where to rotate into after tech now?

    CAD or AUD was a good move. Probably more there over the next few months.
  18. Bad_Badness

    Signal generation "automation" suggestion request.

    Hi All, Looking for some suggestions that: Has a easy "build-dev" environment to setup (prefer not to deal with python VMs etc) Can be used to generate signals and counter signals based on price, volume and MAs. Real-time. Does not need to do ANY order management. Probably more of a scripting...
  19. Bad_Badness

    Greed

    I thought the movie "A beautiful mind" about the Noble prize winner, was about proving that Greed is NOT good for the group. Perhaps greed is good for the (greedy) individual only. OP did Wax on philosophically... :wtf:
  20. Bad_Badness

    Could it be this easy?

    You could drive randomly making left and right turns and hope you will reach your destination too. Instead of a left, make a right and visa versa the second time. Instead of going 1 mile before turning make it 2 miles the second time. You will still never reach a specific location and just...
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