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I think it makes sense to distinguish between PA trading based on "visuals" (can be anything from "patterns" to candlesticks) and PA trading based on "algorithms" or "statistics". I am a fan of the latter, but not the former. I think on some level they are both in the same category, since price...

I also think that psychology is a crutch that many use to rationalize failure. If you go back to the study, there was an "edge" embedded in the game's odds, so that part was taken care of by the study design. The study didn't necessarily show that people with little or no emotion are better...

Seems to me that any algorithm, regardless of frequency, would replicate the lack of emotion. A computer programmed to trade once per day would lack emotion the same as one programmed to trade thousands of times per second. Also, looking at the book is only "proactive" if in fact all of the...

Well, like I said, I couldn't find it with a quick Google search and I'm not going to hunt all over for something I've already read just to help someone else read it. I only mentioned it because it's the kind of thing that sticks with you once you see it in print and it fit with the idea that...

A few years ago, in passing, I read about a study which showed that people with certain types of brain injuries were actually able to trade successfully at better than chance levels. The hypothesis was that the injuries had shut off parts of the brain associated with emotion, leaving the...

You want a "job" but you are a profitable trader? I guess I am not sure why you would want a job if you can make money trading. If you are not making enough, but what you're doing is scalable, you should scale it. If you are a retail trader trading futures, nearly any profitable strategy...

Traps do abound, indeed. I say this with all due humility, but I think I may have found a way to make things stationary under specific circumstances. I don't know, that's a big claim and I'm not sure how I would even go about proving it and I don't even really want to approach anyone to ask...

So why aren't you making money?

Again, for those who support the "socialism" side of the debate, please post what you think your role in any future "socialist" society would be. Your choices are: Commissar Party Hack Prole We know from history that only a small percentage became Commissars, so most of you will, whether...

I'm pretty sure that most people don't want innovation, so the fact that innovation rates would decrease as socialistic policies increased isn't a negative for them. At any given time, I would wager that 1% of the population is responsible for 99% of the innovation. The rest of the population...

It took me a while to create a method which would give me an objective answer to the question "When do I know I am wrong?". Before that, I would hold on in the hope that I might be proven right. Trades like that rarely work out.

Most definitely "crony capitalism" is a huge concern. Also, fraud. One of the most telling moments of Obama's tenure so far was when the then-CEO of IBM, Sam Palmisano, offered to give away IBM technology designed to detect fraud to the government to help reduce Medicare fraud. Obama basically...

You said "nothing destroys the middle class faster than big-C Capitalism". I replied, in effect, then show me the middle class success stories in a place where there was no capitalism whatsover, e.g. East Germany. That you replied with some twaddle about West Germany's economic success...

I think the rankings that the OP put up are a good approximation, so that would mean that Singapore, Hong Kong et al. are good examples. My point was that there was an attempt to "evolve" in the direction of actual socialism in both Germany and Israel and they both collapsed. That there are...

Really? So can you point me in the direction of documentation of the thriving middle class in the former East Germany, where they didn't even have little-c capitalism? If the Germans or the Israelis on the kibbutzim couldn't make socialism work, nobody can. WTF is it going to take to prove...

Learning how to lose.

I'm constantly analyzing my trading history for potential filters. Once I identify something, I have to be able to deduce a rationale for it or I will treat it as potentially spurious. That said, sometimes it's not really possible to understand the market completely. The time of day filter is a...

Time of day is the big one for me, too. Basically, I don't take trades from 6PM ET to 3AM ET. One of the reasons I am asking about this is that I've had a weird run in the Euro where basically any trade is working, but they are almost all getting filtered. All in, my algo has made 866 pips on...

OK, that's good to hear. If you said you were only having something like 10% of trades filtered, I would have wondered why my percentage was so high. Of course, it's only 1 data point, but thanks for responding. I see you've been a pretty infrequent poster, so glad the topic piqued your interest...

If you ever feel guilty, just take a walk outside or turn on the TV and see how other people treat each other. It will make you want to take even more of their money.