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Right, Excel definitely has it's limitations, as I think any single tool would.

Well-stated. Clearly, if becoming a profitable trader were just a matter of shelling out dollars for a trading platform, there would be a lot more profitable traders. In fact, for me, I had to break the boundaries of an approach of a mentor of mine, which, although it worked, i.e. had positive...

We're what, 8% off the ES high of the year? Whatever the exact number, what if your strategy gave you a sell signal when the market was down 8% from a major high and you were a big seller, so you could only sell in tranches? Well, you would have sold some the first time we reached these levels...

The OP was the one who was talking about both trading and socio-economics, so I was responding to both topics because of that. I think that what you say about productivity has been true historically, but I think that a robust form of artificial intelligence is going to make all of that...

Whether or not you are a loser remains to be seen. If you don't achieve a 90% win rate, then, by your own standards, you will be a loser. I didn't set that standard, you did. As for the whole "trading stresses me out because I'm so good at it", yeah, right. And trying to sleep with...

Agree. I don't even understand why someone would claim a 90% win rate unless they are just looking for attention. If someone wants to impress the peanut gallery here, that's just sad. That said, if someone starts a thread "3 to 1 payout ratio", I'll follow it.

I disagree that you need to build from "the ground up" for a new market. One example of this in the public domain is the ACD method. If your strategy framework is generic enough, it can be adapted to new markets. The issue is that there are very few of these kinds of frameworks (ACD, Demark, and...

The reason you had all those TA books written years ago was because that was the first era when accurate daily and intraday information became available. Obviously, that sort of environment eventually matures and the pace of development slows. Now that you have computers doing a lot of the...

There are "prediction markets" that try to predict these, though, so a bot could be hooked in to the current probabilities for these outlier events.

I've always thought the entire "efficiency" argument to be completely useless. "Efficient" compared to what? It's not as if there are two markets, one control market which we know isn't efficient and a second market which we are comparing to that inefficient one. Any conclusive scientific...

Perhaps the ultimate "bot" algorithm and the best human trader algorithm will be one and the same. You cannot dismiss the possibility a priori. It is possible that the "best" thing a bot could learn would be to exactly replicate the trading strategy of the best human trader. There's no reason to...

Hey, if that ends up being the case, that's why we have bankruptcy laws, which enable people to reach mutually-agreed upon solutions to financial impasses. In a worst-case scenario, I would pay what the judge ordered me to and then bear the consequences as the bankruptcy worked itself off...

Yes, it sounds as if your search was more exhaustive than even most of the academics who write on the topic, so your findings are definitely a cut above the typical writings on the subject.

If that happened, then it would suck to be me, but I wouldn't go around crying for the government to force someone else to pay my bills as a result. It's called having character in the face of adversity.

At best, the hiring effect will be marginal. If Obamacare is a tax (which it is), regardless of how it impacts labor costs, that cost will be passed along to consumers. Surveys of business owners have focused on lack of demand as the primary reason for not hiring. Obamacare being repealed...

"Uncompensated care" isn't actually that much of overall spending. Something like 2% of all healthcare dollars. The main drivers of cost increases are advances in technology, the aging of society and overall higher demand for "health" in a wealthy society. I don't really see the "crisis"...

Why would you want to "rein in" a group that includes some of the most intelligent and capable people in our society? And put them under the control of semi-morons like the one who inhabit Congress? You people are really odd and backward.

Well, they can show up for their medical treatments with whatever "mindset" they want, but they also better show up with a way to pay for it. The "Liberal/Entitlement" mindset is on a collision course with reality. It will happen at different paces for different people, but eventually it will...

Healthcare is essentially local, so how exactly would "deregulating" create more competition? I'm not going to travel 80 miles for a doctor just because under a less-regulated regime that doctor is a slightly more competitive provider. Yes, you can do some things in pharmacies or in other kinds...

Funny that you never see threads "New study says: Fundamental Analysis is Garbage". Is that because it's not or because it's so obvious it is that there's no point in doing the study? Doing an analysis of 7 billion possible permutations of TA sounds impressive, until you realize that the...