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To me it is like making taxes a driving concern. Sure it matters just like commissions. But I will make the money first, keep my eye on the goal, then deal with the transaction costs later. If I can control about 200K, notional amount in an ES contract for about $4, in a market that trade 4...

For Day Trading, gracefully, unemotionally, and only when the plan calls for it. When you figure that out, consider the question, when to reverse. That is when it becomes more interesting and, I will admit, more engrossing. But it is like driving, it can be boring, but I am always paying...

Improve your networking also with network card- software-driver with an automatic roll over from hardwire to (wifi to cellular hotspot). Plus you get a better build quality, imo. I have numerous friends with lower end stuff that dies after 12-18 months, but not before being unreliable for an...

Thanks everyone for the comments. I hope the conversation was somewhat instructive. Just a reminder, the "system" was a premise, not something that really made sense for lack of details and as many pointed out, glaring issues. Yes, why indeed would someone pay more than their profits? Well...

Confirmation bias. You see something and go and look for where it works. BUT what you should be doing is spending 80% of the time looking for when it does NOT work. When you cannot find it not working after using a STRICT rule based description, then it has just passed filter 1 of 10...

I love that point. People do not have the emotional or ability but they think they can bypass that requirement. Worse possible scenario is to give someone a super sharp knife (White steel hand forged knife, finish sharpened by the maker on a 100,000 grit river stone) and then observe they do...

Right! The post was not about some fantastic system. And you point out only the crappy ones are for sale. And even worst ones are offered on the cheap.

Thank Speedo. Yep that is the point. The point is not about system XYZ, per se, but the question is what are you willing to do to learn? What is the value of learning to trade? The process of learning is MORE important than most think. If you could spend a year and actually become...

You must be speaking from experience. ;) Absolutely, one will suffer....

It seems so many threads are looking for that shortcut to being able to trade. So the question is how much would you pay in time and money. Suppose the following. Day Trade: No overnight Positions 1-3 contracts of ES (SP500 Mini, forward contract) 100K account minimum. 1 year of trading...

Nicely done chart!:thumbsup::fistbump::D

Interesting concept: instantaneous moving average. It could not be based on the close of a bar, by definition otherwise as Schizo points out it would be vacuous. So one would have to base it on something before the close such as the average of the bar based on the VWAP, or the median, or...

Does not really seem to be a question so I will just ramble on.... :D One thing to consider, since this is math, therefore logic based, is the concept of the contra posit. Many are familiar with the concept: if A then B. What is interesting about this is, as HUME, pointed out that A always...

YEP! Why would you trade one job for another that is unproven and can have NEGATIVE cash flow. You take on trading as a "job" when you "retire" from the W-2 income. The exception is you are already in the industry and want to do it independently, and even then. Really these days, in the...

Yes it is not either-or, to the extreme. Use what works, not use what you hope works. Sometimes when something does not work, like a lagging indicator, people think they need a different lagging indicator or 3 of them and then it WILL work. This is an example of going around in circles and...

This is a huge part of the delays. There are potentially 3 or 4 risk checks done before you hit the exchange.

Thanks, Sorry if I it came off negative. Yeah I thought at first, crap! What is my recourse I could take. Then I kept on trading, even while I was on vacation with the wife. It was then that I decided large overnight positions while traveling is not such a good idea!!!! I ended up doing...

I would follow RM advice and keep it simple. Once you introduce closing orders with a reversing position and bracket you add a host of testing scenarios that, as a professional test manager or a seasoned development manager would tell to yank out that code and stop it. Here is why: Every...

You have to check the instrument-exchange-order type. Under order types, there is a link to the exchange. There are lists which order types are simulated or native for each product type-exchange E.g. https://www.interactivebrokers.com/en/trading/orders/stop.php Then click the link...

I was shocked. I had a MKT submitted 12 hours before the open. Figured I would be OK, make a killing. It was an eye opener for me. Frankly, I could care less if anyone believes it or not. roll your eyes until the cows come home, lol. Did you trade it? It was absolutely crazy. Orders were...