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no, it's closer to 95% Explanation is simple: 95% don't know what they're doing so they gamble their life savings away to feed the 5% winners

How can anybody even mention Metatrader and HFT in one sentence? MT is piece of spaghetti code initially designed as eye candy for bucket shops to attract more clients. The frontend is alright, but the backend is where the magic happens. It is in no way or form recommended to do any form of...

WAT?

well, kinda. trend following/momentum trading is a bet on autocorrelation. If your asset class is autocorrelated, trendfollowing will work and vice versa

Yes, you're right. The habits you mentioned are addictions and when trading triggers your gambling addiction, it can lead to self destructive behaviour. But outside pathological habbits, there is not much self control can do for you if you don't have a profitable strategy

This is an interesting topic, but there is also a simple solution: Go ahead as long as you have edge. Money management and risk management are there to minimize risk of ruin while maximising return. I find that a lot of people are focusing on psychology and MM, before they even have edge...

This has potential to be a classic. Subscribed

In the end, you should aim for 20-40% return on your capital per month as a daytrader. That may sound ridiculous but as a daytrader you don't scale very well. You have 50k in your account and you look to grind out 10-20k each month, withdraw and do the same thing again next month. 50k gives...

Alright, makes sense. Isn't there any other exchange you could work with? Bitmex isn't the only game in town anymore. FTX, Kraken and Deribit have nothing against another market maker and they also have a rebate scheme to lower your fees. Bitmex is a money sink for retailers, not a level...

Sorry to disappoint you, but just throw your backtest results into the waste bin. Why do you think the profit range is exactly 7-8$ Right, because the fees are currently 7-8$ per BTC and the maker/taker model prevents anyone from being a taker and arb those stale quotes away. You backtested...

Either oddlot, the print on the tape was from a darkpool or your flow is internalized...meaning it doesn't get routed anywhere.

Well...honestly speaking, I don't think this disqualifies him as a trader if he was one. Absolute madlad!

Run and never look back. Trading is competition. When you think about it, does it really make sense to you that a piece of software is doing the work for you? Why isn't Jump or Virtu or Renaissance just buying it and replace all their multi million dollar infrastructure with it? You're new, so...

If you retailers had access, you blew up even faster. Members of congress are allowed to trade based on inside information and when you look at their portfolios 90% of them still suck. https://www.quiverquant.com/sources/senatetrading So don't you think you'd make any money just because you...

Depends. Especially relative value strategies need a bit more capital in order to establish dollar neutrality...but I agree...less is more in the beginning

That was also my first impression. The more you have in the beginning, the more you will lose in dumb mistakes. It's probably better to fund an account with 10k and go from there.

In a nutshell: Don't do it. Period. This job is way too hard for the average person and if you just dabble with it, you will get nowhere. Before you even think about trading for a living, you should be able to make a nice profit as a side business. - 100k won't get you into any scaling...

Congrats to your success, I know it's been a long way till you made it, your thread is from 2011... So of course it can be done, since algos are 90% relative value bots that trade one asset against another. It became more difficult to spot the natural buyers in these markets, but once you get...

Enough edges to find on the DOM, but you have to know how the respective markets works and where the hedges are. Staring at an ES DOM won't do anything for you, but looking at the entire yield curve via STIRs and treasuries together with a DOM of the yen will give you a good insight into the...

It's not. It will take another 20 years until the last old numbercruncher is retired. Excel is just too fast and too convenient. Before I write a piece of code to import numbers from a PDF, others from a website and the third array from a .csv, I already have the results in excel: copy, pasta...