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Until artificial intelligence is invented, automation will not be able to kill trading niche. Yes some little edges are gone with automation (machine can trade within bid/ask faster than any human, for example), but every algorithm is written by humans, so it really makes no difference.

Search engine at $476. It just does not feel or look right. We will not know when thing of this nature end, but they always do.

No it can not, because every single casino has a max limit on the table, so you can not double indefinitely. My point is that no MM, discipline and risk control will help unless there is an edge. And almost no one will ever reveal a working one.

I said roulette, not black jack, where card counting can tint the edge in your favor. With help of 0 and 00, roulette has an edge of about 5% against the player, and no matter what you do it can not be beaten. No money management will help here. That is why I said, that the edge is the most...

Not true. If risk control and money management would be all that is needed, then someone by now would sure come up with a way to constantly win in roulette. As far as I know this did not happen yet. You need the edge, and then you solidify it with discipline, risk control and money...

It is 5 ticks on Dow, 2.5 on Russel, 2 on ES. Not enough on most of futures for 1 min chart.

Ask Don Bright from bright trading, he'll know for sure. I have not heard anyone using ninja or x-trader for equities. I use them for futures, also I think x-trader can be used for options. Any reason why scalping stocks? You might see better opportunities in futures.

After struggling for few or more years and putting together something that actually work, people will not just share. Why would they want to give someone, who they do not even know ,something that costed them blood and sweat. That is one of the reasons. To this day I only found one person...

I have few friends in the mortgage industry, and the staff they tell me that they see makes me believe that there are hoards of people that did something like this. I have no clue whether this guy is BS or not, but there are huge # of flippers out there with multiple properties, who are bleeding...

You have got to read this. It is a scary picture if there are a lot of people like this, even if to a smaller degree. http://iamfacingforeclosure.com/1/why-i-am-facing-foreclosure/

Dude, Are you delusional? Let's just take this sentence: 1-Democrat's love to kill (murder) babies (abortion). It says it all. Now, if it were not for democrats we would be living in a country where we must work 10-12 hours a day, 6 days a week for pennies and where everything is...

Yes Fed is responsible for extra liquidity, but no one puts guns to buyers heads to force them to sign the contracts. It is like in late 20s, Mellon, Mitchell and few other bankers did create extra liquidity, but it was peoples greed and stupudity that bid up prices to levels that could not...

So CME futures are the tool for now.

I second this. All forex MMs play with spread and shade prices in this virtual wild west called retail forex trading. Trade with CME currency futures or wait until FXMarketSpace opens.

This should serve them well. Fools are always parted with their money. They bid up the prices and got mortgages which they would not be even able to approach 10 years ago, and now they will pay the price. These people made housing unaffordable to anyone who has common sense and middle class...

The recent Dow rally looks like a fake. S&P is still way off its peak, and it matters way more that Dow. This PPT group better have unlimited resources. It is one thing to handle these failed hedge funds one a time, but what about 100s at a time. I read an interesting book where author...

Very interesting thread. Thanks for the links to papers, they will occupy me for a while.

Do you want to trade or develop software? If trading is the goal do not waist your time. Do not think for a second that you would be able to develop automated system that will be able to compete with institutional resources.

TT stands for Trading technology. It is the company that developed -X-Trader. I use E-signal for charting. Another good one is TradeStation.

But you need to be lucky enough to start with someone like Buffet, and the odds of finding a fund manager/investor like this are against you. Then you need to continue to believe in him for several decades.