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I'll have to correct that as they're not even offering you a 5K account as you're effectively trading on a simulator. These firms are modern day bucket shops. Anyone who knows their trading history knows that Jesse Livermore was outlawed and banned from bucket shops as he was actually making...

Well, my concern would be if they'd actually pay you if you're doing really well. And no, I'm not talking about pocket change, i.e., a few thousand dollars. Do you know anyone who withdrew substantial money from one such firm? There was a guy on here who was eligible for a huge payout with one...

To clarify, my comment was geared towards the amateur retail trader entering this business with no professional background or access. I'm sure that excludes both market making and macro trading. When I said hierarchy, I was mostly referring to difficulty, although of course day trading can be...

Correct. There appears to be a hierarchy in trading just like everything else in life. In trading, short-term trading with leverage is the top tier and a winner takes all market. Becoming a consistent net winner as a day trader is most certainly possible, so I'm not claiming otherwise. It's...

It's never too late to turn around. The time invested so far should be considered a sunk cost - especially if no progress have been made. Learning to trade on your own comes at a huge cost both in time (your most valuable asset on earth) and money. @MrMuppet said 10 years and I think that would...

If you haven't been doing it for very long my suggestion is you stop doing it and do something else with your life instead... :) I like to keep whatever secrets I discover close to my chest, but I'd say a very valuable and general lesson which applies to all traders and systems is the math of...

One explanation could be that these firms don't provide funding beyond the initial shoestring you're given when "funded". I use quotation marks because I wouldn't consider what they give you funding. Since Topstep was mentioned in the OP, let's take a quick look: They call it 50K/100K/150K...

Okay. Seems like that's the only option now. Not if you're new to trading. That's why so many people spend years going in circles thinking they're learning something and experience what they perceive to be progress, only to realize years later it was a dead end. I've seen this from...

I'm not sure the exact definition is important, but yes, it would seem natural to me to refer to anyone who's studying JH (or anyone else) as students of his teachings. As Jack is no longer around self-learners seems accurate, though. Oh, for sure, I'm not the one who's nosy about what other...

Okay. Thanks. If you should happen to have any other interesting documents lying around I'd appreciate a copy. I already have an archive on my computer of JH stuff, including a compiled summary I wrote myself, so I may have a lot already, but always interested in reading more. Again, it's a...

I think you and JH would refer to it as the conventional path or conventional wisdom, so I'm sure you know that better than me. I would assume the conventional path would mean classical texts on TA, mainstream knowledge, courses, vendors, Al Brooks or what have you. Well, I've been around here...

Correct. That may very well be. I don't know of any followers of Cheese. I only ever read his posts and probably a zillion times trying to read between the lines and picking up some pieces here and there in order to inspire my own studies and research eventually resulting in what I call a...

Thank you. That's an interesting quote. Are you a (profitable) student of Jack Hershey yourself? I can't help wonder, though. If Jack illuminated the right learning path - why are there so seemingly few of his followers who end up making any money? I've seen so many over ET over the years who...

Here's an article from Finansavisen in 2021. Investtech Invest crushes the stock market with technical analysis | Finansavisen (www-finansavisen-no.translate.goog)

In my prior post I specifically said that I would not comment on the efficacy of their approach. The point was to show just one firm which implements computerized pattern recognition and have been doing it for over 20 years - something several here seemed to believe was not possible in 2023...

I'm surprised by some of the comments here. Computerized pattern recognition have been around for a long time. In Norway, we have an advisory firm called InvestTech which was founded in 1997 originating from a reseach project at the University of Oslo using AI a few years prior. They utilize a...

That's great. Good answers. Thanks. Regarding manual trading, the main reason I was asking is because in the past you'd take $5K to $100K in a month or so. No doubt taking massive risk. And now you're trading completely differently more or less tracking NDX so far. Of course, while this is a...

Check out @hilmy83's journal. So far, so good and very consistent. It seems like an odd comment from Linda to be honest and not an accurate one from what I can tell.

Interesting. Thanks for sharing those. I'll read it over the holiday which starts tomorrow. Some questions that doesn't relate to strategy per se if you don't mind talking: 1) Approximately, how much time did you spend learning automation and coding to create this system? 2) Did you code...

I can quickly compute this for you for the e-mini S&P 500 index if that should suffice. Come to think of it, I may have this data for SPX as well, but ES should be close enough and that's what I have set up currently. To be clear, by Up/Down day you're referring to net positive/negative change...