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No, MFE should never turn into MAE ... Because we don't let winners turn into losers, right? MFE is useful because most people cut winners short. MAE is useful because most people hang on to losers until they turn positive. That's how people blow up ... They assume they can survive adverse...

What style? You are a sentiment trader? It's kind of hard to learn/replicate don't you think? I don't say it with disrespect, just trying to understand if it is any different from buy-and-hold. Do you have practical suggestions or give names of famous traders who use this method (please don't...

That's how it should be ... if you treat it like real thing, there should be minimal impact once you go live(obviously there still will be!). The moment you say - What the hell I'm just practicing ... I will NEVER ACTUALLY do this once I go live - you are wasting your time, IMHO. This brings...

I am not clear ... Are you strictly day trading - flat by the end of day?

So it's not about the money for you? Truth? Day trading is usually considered a young man's game. Why do you want to seat in front of computer stressing out?

My opinion is that it will make things lot worse. Will cause severe multi day drops.

No doubt another brilliant guy, but I find him too macro for me to learn anything that I can put into practice. If you like macro, below is an excellent book

Why not!? As below: watch for telltale signs ... disengage ... probe. Just convert these steps into specific actions and you have a system on any timeframe. IMHO, what separates people like Soros from many others is not necessarily brilliance in reading/predicting the market, but...

So which one is your favorite?

Agreed. I may not be able to, but at the least, I should understand what it means to be a contrarian ... I think too many people get this wrong and get burnt badly. Just a lot to think about no matter what style of trading you deploy.

I did and I think reflexivity theory is spot on. Yes, not an easy read but nothing compares to Taleb ... Like sluicing for gold

I don't trade on news, so don't really know. ToS has many sources. I compared it to some paid services (like Briefing) and it was surprisingly close, but very inconvenient to use and some are delayed more than others. Imho, if you hope to get any edge from publically available news, you will...

I haven't researched it much but both Bloomberg and Reuters used to have it. Don't know pricing(about $3k/mo I heard), but you need to have HFT-like infrastructure to take advantage of it, otherwise you can just read it a few seconds later for free :)

Is a feed where the provider parses the news and determines if it's positive or negative and sends you a message which is easily processed by your system. Something like: [QCOM, Settlement,Positive,99%] Where the last field is confidence level assigned by their algo. Neat!

Thanks. And they say DOM is useless!

All I mean is you can get the content into your program. I am not aware of any packages which allows you to tokenize the content and convert it into machine readable format for AI to evaluate (@ZBZB probably does). You are talking about serious stuff which people spend millions to get right...

Interesting ... So I can convert passive order into an aggressive one as opposite size gets depleted. Is that the idea?

I know IB allows you to subscribe to multiple news sources and get it via API. It's nice to be able to get multiple sources via single api and be able to trade through same api, so something to look into.

I'm curious why you would want to automate options trading. Do you actually need it for your strategy or just want to have that ability?

Interesting experiment on a popular subject. https://alvarezquanttrading.com/blog/avoiding-trades-before-earnings/