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Book+Tape.

Not familiar with them. I assume you already aware of Warrior Trading.

The post is about psychology of trading. Why do you say “trying?” He is posting his monthly results. Are you saying Lucci is not a trader? If so, what is the definition of a trader?

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Price improvements are not easily calculated, just like fill quality as mentioned by guru. It’s becoming very difficult to find a reason to pay commissions if you trade liquid stocks and take liquidity. And if you can’t pull limit orders quickly, there is probably no reason to pay commissions...

Why, you are completely independent. You are not required to trade. Edit: I was talking about prop firms, not money managers

Nice pick, congrats. Question - what is timeframe of your trades? One of the issues with this kind of trading/investing is that it may take a long time for the market to realize the true value and your money is frozen in the meantime.

Hm, not sure, but my understanding is that this will not offer any meaningful protection as far as trading is concerned.

https://www.usatoday.com/story/money/2020/05/02/warren-buffett-says-coronavirus-hurt-but-stocks-still-good-investment/3072012001 "We may not know the answers to some very important questions for many years,'' he says, but "never bet against America and that in my view is as true today at it was...

I read about this from a book that, unfortunately, cannot remember. It had a bunch of them. Another one is pay attention what songs and movies/shows are popular - are they dark or light in nature? Pop culture often reflects the mood of the country.

Are you sure you can get real time data out of Sterling via api? Did you check out Motivewave’s DOM?

Usually prop firms have better rates than retailers, better tech, and they pass through rebates. I can understand why they would up charge traders in training, but a trader who makes money has lots of options so they have an incentive to keep them. Also, 99% payout is ridiculously high, so...

You are telling me that if you do significant volume they will not give you competitive rates? I don’t know, but makes no sense. The only way it would make sense if you had a strategy that does lots of volume but can barely cover fees.

What about massive leverage with their money? Also, some prop firms have infrastructure in place that is too expensive to replicate on your own. Aren’t you tradings automated or semi-automated? If so, does Bright offer anything worthwhile?

Maybe we can build a sentiment indicator out of this. My favorite one stopped working(or super bullish) https://www.investopedia.com/terms/s/skirtlengththeory.asp

I don’t get it. Wouldn’t building growth portfolio make more sense for a young person?

Hey, Any particular threads that you can recommend?

You need all full depth books to accomplish what you want and they are crazy expensive. In other words, you will need to build your own consolidated tape off Raw feeds at colo’d facility.

Sounds to me like prop trading firms would be best fit.