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Hi don, i know it's a very rare situation. But is the risk control really just taking a bet that the trader doesnt do anything stupid? For example, you said if the trader is down 10%, it pops up on controller screen, gets analyze, discuss etc. But at that time, the position could be dropping...

Can someone clarify this for me. 1) newbie deposit $25k into a prop firm, gets $1m leverage 2) newbie shorts $1m, market moves against him big, he get caught in a deer in the headlight moment. How do you risk manage that? i know each prop firm will monitor all the trade etc, but the...

To the OP, i am actually very similar to you except i am computer science not EE and already work in the financial industry as IT. The thing is if you are looking to become a real trader (not one of those bullshit business analyst / trader assistant (bitch) jobs), you need a MBA from a top tier...

to summarize this thread: NOONE HAS A FREAKING CLUE. The end.

you guys are fucking retarded. There is currently no competition to google, the second place yahoo is so far behind in term of market share. I will short google once another search engine start to dominate. It may not be a good long stock currently, but why would anyone short it right NOW...

my favorite quote from thestreet interview, where is this guy now? I bet he's still making millions losing other people's money.

long term bullish short term unclear, largely depends on the fed rate cut next week. If you are a short term trader, should sold when it was at 4 AH, If you are a long term investor, i would hold for a while.

HTH, thanks i just tried out neoticker. It does allow scripting but the whole setup isnt very friendly as wealth-lab, had to figure out how to connect to the right data source, setting up indictors etc...instead of just go straight to program the actual business logic and backtesting. Going...

i just dont understand how you could be only making $1000 a month when the account you guys are working with are 500k+ at min. yes you are in college etc...but that's damn low. What contract did you sign with them exactly?

sorry guys i am still confused about the fee structure. Let me just put it into simple terms PAY ONLY TRADE ORDER FEES (like any other normal brokerage) - Must deposite fund into tradestation (what's the min? it says 1million on the website :eek: ) - Must trade 5000 shares or more of...

I coded my first script on wealth-lab based on my current strategy, backtested with about 20 symbols i regularly monitor and looks ok for first run, obviously tons of tinkering still required. But this is where the frustration kicked in. Wealth-lab has a very good script language / api /...

i spent all day researching the various trading platform software, most seems very limited except TradeStation. Here's what i am looking to do: 1) Program custom tech indicator conditions into a scanner, then scan the market (ie: nasdaq small caps etc..). Most platforms only has...

can someone answer that?

any recommandations?

thanks guys dweber00, what is a good platform for scalping? I am just trading normal nasdaq stocks. Thanks

nice site! heh the top script there says 500% return, and i used their backtesting on a few symbols and it looks interesting, all the losses were concentrated in a few months period(to be tuned?) while the rest are profitable, and it's only a 1 page script. Not too clear on what syntax they...

thanks guys but what i am really trying to understand is are trading bots using fundamentally different approach to trade than humans. I am not looking for specific strategies etc.. (although if you wanna share that's fine ) For example, ta chart pattern, yes you can program that easily into...

best volume in 5 years i think they said. I was debating pretty hard last night whether to sell at 4 or not AH, but decided to hold on to most etfc positions and ride it out a few more months. Now bankruptcy is completely out of the picture, think it will continue to move up to the 6-7 range...

bullshit, that is daytrading. If you are looking to trade medium / long term in the 1-6 month period, how the fuck is reading the tape going to help? it may give you a slightly better entry point. But the goal is fundamentally different, you are not trying to scalp a few points but predicting...

damn so if i make more than 87k but pay 25% tax annually i cant get my 600 bucks? that's bullshit! Was so looking forward to blow that on strippers, isnt that what the plan intended... :confused: