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Hi I am interested in learning how to code/write my own automated trading systems. Any recommendations on how to build a strong foundation? Any suggestions on reading material would greatly be appreciated. Also, what type of coding background does one need? Thanks.

Lol. How do you get 6:1 overnight?

100K to day trade? Are you kidding me? That is nothing in terms of buying power. Using prop gives you access to BP in the millions and commissions are cheaper than standard broker rates.

"Question: did you quit playing poker?" Yes I did, after "black friday", when the US gov't shut down Full Tilt, and Pokerstars. Was playing some Euro sites, but volume of players started dying off. Eventually games started to be a lot more competitive w/ more pros, more bots, less fish, etc.

Today's PNL/TRADES

Hey guys, A former poker player here. I have been trading for about a year now. I'm currently on $200 risk. I will be positing some trades and pnl daily. Trade of the day is goog. I basically faded the 5minute inside bar. Stop hod x 1089.77

Anyone here trade gaps?

I think it would be helpful for everyone to put together a lit of "remote prop firms" that trade US equities. DOMESTIC (regulated) ECHO, WTS (JC TRADING, WALL STREET TRADING, OTHERS) BRIGHT TRADING CAPITAL TRADERS GROUP (CLOSED) CHIMERA T3 SMB PRISTINE TRADING DOMESTIC...

What type of scanner do you guys use? I use trader alerts. I scan for 5minute WRB and extension away from 5m 20ma. I mainly look for volume tells in over bought stocks. Stocks with extended daily charts typically offer better R2R. Line today was an example of one my parabolic plays...

Any one here trade intra day counter trend strategies? Such as climactics?

Just curious as to what other people use for pre-market inspiration. I just started listening to this track: http://www.youtube.com/watch?v=MvpcSrrFphQ

I did. :(

Anyone get a piece of that action. They deserve it, the way they screwed everyone over with the loan ratings.

Initiating a short in BAC. Market looks like in correction mode. BAC has been the laggard of the financials the entire run. SHORT 11.50 X 11.60 for stop. Target 1: 11.00, Target 2: 10.50 range. May do an add on once the 60m 20ma rolls over and i get another sell set up.

Just started day trading. I came up with a list of common mistakes. Anything else you guys can think of? 1. SHARE SIZING A lot of beginners make the mistake of using the wrong share size and taking on more risk than they should. Have a constant risk unit for each trade and size...

Some food for thought...I read some articles that show HFT as declining. http://www.nytimes.com/2012/10/15/business/with-profits-dropping-high-speed-trading-cools-down.html?ref=highfrequencyalgorithmictrading...

Yup. 2007 LAPC main event day 1. He was on my first table. We all registered late. He is pretty loose aggressive in the beginning. He is an incredible player.

Hey Guys, I am trying to transition from poker to trading stocks . I've done a decent amount of research, looked at various prop firms and education sites.(capital traders group, t3, smb, broadstreet, pristine trading, etc). I recently finished building a foundation for technical analysis and...

Does anyone know if it's possible to open an account with a Chinese brokerage firm and trade their stocks? What are the requirements?