Primarily the spread and commissions affect daytrader performance. I think this is a must read even if you do not totally agree. I found it very...
I have experience with a couple of advanced strategy development tools (strategy quant, price action lab) and have developed several robust...
Yes, but he may have more time due to having made some money already.
Trend-following means weeks, months, years. Intraday is mean-reversion.
Sorry nut it seems that other than buy and hold trading is not for you now. Maybe in a few years. Trading is a full time job. Gambling you can do...
That's the best signal that a bear market is coming. Seeeeeeeeeeeeeeeeeeell.........
FX is a zero-sum game and as a result the intermediaries are always the winners longer term. If you trade with a broker and you end up making...
Looks quite bullish to me:)
What does he mean by 60 bps in ES? IMO bps are used in bonds. Ticks or points are used in futures.
GUI interface is the way to do it for most traders.
That's a lot of dough:)
Makes sense. Some years ago there was no HFT and still 90% of intra traders were losing money. I think old pit traders just want their jobs back:)
This should hold only for normal returns, not for price. Price is not normally distributed. Returns also are not in most cases. Maybe for bonds...
It depends on how much you will be risking per trade and expected drawdown Old formula Account size = margin + worse case drawdown
Not the HFT flash boys for sure:) Spread kills intraday traders slowly and painfully...
One of the many problems is that the best strategy found by such software is most likely a fitted one. You ought to be able to recognize fitted...
This is nearly proven beyond doubt in this excellent blog. Not even $3, just $1 of spread will do it.
If the taxicab driver tells you he just bought stocks then a trend reversal is coming. This is because some street guys deliberately gave him the...
You never test the market. The market tests you.:)
Yahoo data is often problematic. Take a look at SPY historical data from the past few days. It can take yahoo weeks to fix that. A reliable vendor...
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