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Back when I worked in AI (mid 80's to early 90's) one saw AI as having a number of components. Namely Expert Systems, Machine Intelligence and Machine learning. So any trading systems that are said to be AI could be made up from any of the above.

No argument on the speed aspect to analyze and make a decision. I trade mostly on feel, trading the same stocks over and over. I tend to know the trading range so I don't have a lot of data to analyze, mainly gut feel and current market psychology.

EXACTLY to your last sentence. In the late 80's I worked on a AI manufacturing scheduling system. And it was basically where we did knowledge acquisition of a guy who had scheduled the plant for 20+ years and then developed heuristics and rules to emulate his thinking. Same thing here ...

I'd say as long as you're not drawing down your retirement assets to fund the renovations then you're doing the right thing. I paid off my mortgage as early as I possibly could (in my early 40's). Refinancing now you'd be seeing a larger chunk of each mortgage payment going to interest since...

I thought it was bad paying $25 each way in the 90's (ISLD, INCA, etc.) but at least we were trading fractions then versus penny spreads now. Loved occasional 1/4 point spreads and being able to do a SOES trade when market makers had to display 1000.

Depends on how you define success. For me it was being able to pay the bills, have the freedom to do as I pleased most days and know that I was in good shape financially. I started at age 40 in 1996 and have scaled back to trading less these days but it's still my sole source of income.

As someone who has traded full time for over 20 years your post is crap. Your first supposed bad experience you can't even name the broker. And yet you're pretty sure they all went to prison. Okay, if they did then name the broker. Point to an indictment of them. And your 2nd feeble attempt...

I haven't posted in P&R for a long time. But the obesity problem is primarily brought on by CHOICES people make. 70% of the US residents are slobs. They eat crap to excess and don't get any exercise. Sit and watch reality TV instead of taking responsibility for their own health. they should be...

I bike and/or run most every day, either pre-market or mid day when things are slow.

Exactly. Anyone can make $$ in an uptrending market. But not shorting is similar to a football team that only runs the ball and doesn't pass. You have to utilize all your options in order to win, whether it's football or trading.

Agree re: job environment. I'm 'focused' on trading but nothing more. I don't know many people in traditional careers who are obsessed about Accounting, Engineering, Teaching, etc. To be obsessed in my opinion is a bit over the top and perhaps detracts from a balanced life.

I'll play devils advocate .. WHY would 'strangers' want to give you money to manage? Do you have a track record over a number of years that has been confirmed as legitimate? In my case it was friends mainly who knew I had been trading for a number of years and they trusted me since they knew I...

Over the years I've managed money for a half dozen people I know. They merely opened accounts where I was trading and then they gave me trading authorization. I wasn't doing it for $$$ though. My optometrist friend gives me free eye exams and others do small things for me but I was never in it...

Telling you to go live right off the bat sounds like the school was trying to profit at your expense early on, something I think was clearly not in a trader's best interest. Our office offered us the chance to trade 200 share lots (in 1996) for $5/trade as well as trading on a simulator. I...

Not sure if you had some other profession before you began trading or not. But, for me, I traded a good year while still in a corporate job to establish that I could do well enough to support myself. Had ups and downs during that year --- in part due to trying to do two 'jobs' and not 100%...

If you feel it's amateur advice so be it. I have 20 years of experience of full time trading. So how do you manage risk if a stock gets halted? How do you manage risk if a company comes out and says they have to restate 3 years of financials? I could go on and on about how you often can NOT...

Good analogy! And similar in how things often turn out. If not mistaken, from years ago I think the failure rate of small businesses was 80-90% which is probably close to what the success/failure rate is in trading. One other thing I would recommend to anyone thinking of starting full time ...

I'll repeat since apparently you don't understand ... "Real traders take profits daily". What's hard to understand here? I differentiate between a trader and an investor? Over the past 20 years I've seen traders blow up by taking home positions only to have something bad happen that either...

Hard to believe but 28 years ago, early in my career, I had an opportunity to move to an AI position and develop a manufacturing scheduling system. I had already developed math based optimization scheduling systems so the chance to schedule via a totally different approach was cool. We did an...

I only trade stocks. I know I'm better focusing on just that aspect. Long vs. short is often a gut feel on what I think the market psychology is.