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Are there any (easy/out-of-the-box) alternatives beyond QCollector for collecting data from IQFeed? For my purposes, IQFeed + QCollector works fine for now. I set it to update in real time (every minute is sufficient for me; fastest update is 5 seconds) storing 1-minute data to a *.csv file and...

Exactly. Simulator trade for FREE and save up money instead. There's no reason to be paying $110 to simulator trade. I would only do such a program if I could gain access to a large account.

I was there a few years ago, but was drunk out of my mind half the time, so I wouldn't know. If I can be honest, it didn't strike me as a place I would want to settle down. Then again, I'm sure Las Vegas have a lot more to offer than the strip joints and hotels I mostly frequented on my short...

I think you didn't quite get my point which is simply that unless he has a superior method he's bound to eventually have a losing day. And if he's trading with maximum leverage that day quickly escalates unless he have superior discipline. If you're trading maximum size or very high leverage...

Huge, adverse spikes happen, yes? 100? Why not 200 contracts then? With a 100K account he can do that using maximum leverage available. At 200 contracts you're trading ES for 10K per point. How does that factor in the 'traders mindset and discipline'? I'm not really sure what your...

So, take a break and salvage what you have. The only way you can get back into your groove is with a clean slate and those losses erased from your mind. You never revealed much about your method, so it's hard to say, but I suspect you made those returns on very high leverage and possibly a bit...

Not really interested in debating it. I just said what I use and why. I found the numbers to be statistically significant and that's sufficient for me. :) I just googled and one of the first pages I found on gaps was this one: https://www.simplertrading.com/trading-the-gaps/

Approx. last 7 years. My own data.

Sorry to hear that. I think the best is to avoid big losses to begin with. But if the big loss is a fact - I don't think there's any other way than taking a few days off and trading very small initially. I know at least the way I'm wired I tend to want to make back the loss - which again just...

ES trades 24/7 if you want to use that line of reasoning. Plenty of ES traders who don't care about gaps at all.

If I may: How's life in Las Vegas?

Yes. I'd prefer not to, but maybe you could find a way to classify gaps based on their strength and 'where' the day opens? If you spend a few weeks thinking on it I'm sure you'll discover something. Some quick numbers. If we look at all + gaps without any further filtering, 49,2 % close...

Yes. Know when to pay attention to them and know when not to. Not all gaps are equal either. I'd recommend getting some data in Excel or similar and find the results for yourself. Note: We just filled today's gap on ES, but took a huge detour first.

This one isn't half bad: The best is if you write your own book, though. Back-test, back-check, archive your findings with pictures, notes, statistics, and so on. Many books and gurus simply cherry pick and find the charts that make their theories fit while the real world is quite...

Both the original and this PDF as a supplemental update (or stand-alone read) are highly recommended.

I was asked about this in private, so might as well share it here too: https://www.cfainstitute.org/en/research/foundation/2015/trading-and-electronic-markets-what-investment-professionals-need-to-know

Well - you did swing for the fences and actually made it with a fantastic return. Is the plan then to keep it or keep swinging infinitely? Point is if you're always swinging for the fences the risk of ruin is very high and one day you'll likely to go broke. A wise man once told me that smaller...

That's exactly what happened. The CEO who initially went out of his way to please me then seemed like he couldn't barely be bothered to talk to me. I should have found a new programmer/team already then, but stayed with them for far longer than I should have.

I'm very curious as to how you come to that conclusion seeing that twice only in this thread he's posted: a. A single daily loss of 81 % of his total account. That was his past account and literally a blow up. b. A recent single loss of 30% of his total account. Great money management? I...

LOL. There's no 10K account. You have a maximum drawdown of 1K and a weekly limit of 0.5K. That's what you're trading: a 1K account. If you can't put up 1K to trade, then, well... Such programs only make sense if you can gain access to a larger account. Just as with the 150K account, you're...