Clustering algo finished. Working in real-time. 25 clusters are sorted by strength to provide details about strong and weak support. A non price/time moving average is calculated from the cluster data which can give some idea about directional bias.
Trading courses are useless for most people. If you are still going to spend money on one, make sure that the reputation and track record is impeccable. Your best bet is to read lots of books and learn to code properly. Invest in the proper tools to test.
Respectfully disagree. Build something that makes a difference. Too many bright people already wasting their time in finance. Edges are not infinite. We are all looking at the same thing.
Giulia Schiff was a trainee in the Italian Aeronautica militare. She was kicked out after she formally reported the abuse she received while there.
She is now fighting in Ukraine as a Legionnaire and is 23. Born to be a fighter. Best of luck to her.
New systematic traders....make sure that you a have a life outside of trading. As compelling it as it is to try and find the next big edge...more often than not that flash of inspiration will come while doing something else. Embrace other interests. Markets will always be there.
This account is a must follow.
@Kathleen_Tyson_
. I find myself reading every post. It is not about agreeing but understanding a point of view that you might not have considered. Highly recommended.
If there is an all out collapse of fiat currencies, a file on a memory stick isn't going to save you. We would be back to a barter system and cryptos would be worthless. This guy writes a lot of rubbish. Cryptos are a speculative digital asset...a hedge against nothing.
As a risk trader, I’m always concerned about 'Tail Risks'.
And
#Bitcoin
hedges against the biggest tail risk we’ve ever faced in the history of the modern financial world:
An all out collapse of fiat currencies.
How? Let’s break it down nice and easy here 👇🧵
@volatilitynoob
@MacroAlf
Solar is viable in Italy but held back by bureaucracy. Local councils would rather maintain the look of historic towns rather than make them energy efficient.
$NVDA has been in the right place at the right time. Crypto, chip shortages and now AI. They were quite lucky in some respects. They offer the most complete package in terms of software and hardware. Until that changes...I wouldn't short the stock.
First rule in trading… never do this. You don’t know where the bottom is. This is how traders get liquidated. The trader below bought 600 lottery tickets. Nothing else.
Roaring Kitty showing how the algos dump the stock based on keywords
High level poker. Dressed as a clown drinking beer to make people think it’s over.
It’s not. I added 600 shares at the bottom. Will add more next week
I see people looking at a parabolic chart and thinking this must come down, time to short. This kind of thinking ends up with a phone call from your broker. Weak stocks get weaker. Short those instead.
Since nothing is happening lets talk about outliers. If you are going to do ML on intra-day data to identify subtle patterns it only takes one tape bomb to throw your learner off. See the green dot high on the chart?
If you're not using AI, you're falling behind.
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This is very similar to what I mentioned last week. It is very hard to apply ML to trading if you don't already know how to trade or build profitable non ML strategies. The base is the strategy, not the ML.
@pyquantnews
A few years ago I had a Trading Client who worked at a Prop firm in London. No college or Uni Education, but a very good discretionary trader He, designed a futures day-trading system which had a sort-of machine learning capability. At the same time I was also working as a coach
I think the world was better off without ChatGPT. It has only added to the strangeness of the 2020's. It is getting harder to communicate the need for learning and thinking to young kids when everything is available at your finger tips.
It comes down to time and capitalization. If you can absorb the losses from learning without affecting your standard of living then you have a chance. Without the buffer, the odds are against you. You just have to be honest with yourself.
By age 35 you should have 4 kids, a 5,000 square foot house in an upscale residential area, and at least $500,000 in the bank. If you don't, you're pretty much guaranteed to be a failure in life
I will be offline until the RTH close for the next few weeks. I am taking advantage of the good weather to make some progress on building projects. Good trading to everyone.
@guyverhofstadt
With gas boilers phased out in 29 and fossil fuels in 35, that leaves 12 years to upgrade electrical grid capacity by a factor of 4. Good luck with that.
Unfortunately nothing is easy in this game. While we see a million articles on Medium with regards to forecasting stock prices, trying to predict the next days close accurately is a waste of time in my opinion. It just isn't very useful in the real world.
Don't listen to this rubbish. It has nothing to do with math. It makes no sense to make predictions like this. $BTC could go to 100K or 1K. It is a financial product that needs new buyers to hold its value. No intrinsic value.
Happy New Year to everyone. I hope 2024 brings plenty of joy and success. Many thanks to all who contribute to making this platform unique and of great value.
It will take 1000's of hours of screen time to learn the basics. Do your best to work with people who have more experience than you. Learning in a bubble does not lead to success most of the time.
My flight to Vancouver was cancelled and it cost me $10,000 to take the ferry instead.
Hold up… $10k for a 90 min ferry?! 🤯
Well, sort of.
To ferry from Victoria to Vancouver costs $160 and 3 hours 15 minutes of my time. ⛴️
To take a sea plane costs me $220 and 1 hour 15
Achieving 70% win rate with 4 profit factor.
This strategy started with $10K to over 7 figures in 30 months.
This may seem science fiction but let me tell you a story:
Pull any string to get a job in a professional trading environment. There is such a huge gap between retail and professional traders. Do not believe anyone that tells you something different.
He is right. Traders are born traders. It is how you see the world that makes the difference. This isn't a job for everyone. Somethings just can't be taught no matter how hard you try. Markets are a good filtering mechanisms, you can find out fast if you can or your can't.
Many years ago, there was a system developer named Jim Sloman. I had a number of interesting conversations with him back in the day. He came up with idea called the Delta phenomenon which was bizarre even for me.
At some point in a past life, I was working in Silicon Valley. I had been recruited by a VC and ended up at a start up. My mentor and boss was very clear. Go ahead and talk about the business plan to anyone. The risk of someone reverse engineering what we do is near zero.
Sure fire signs of mental illness in a trader:
1. Obsessive need for "security" which is nothing more than paranoia about being found out to be less than an "infallible God" (which none of us are).
2. Considering anyone with a currently opposed market view & position to be an
If I am not following markets then I am busy with historical restoration. I am in a cantina dating back to the 14C. Just disconnected the heating system which was installed in 1939.
I am stunned by the number of non-traders asking me in real life....(not here) over the last couple of weeks how and if they should short oil or how to buy RUB. The fast buck mentality is alive and well. It is almost always those that can't afford to lose.
FYI...this is nothing new. Scraping Twitter for sentiment and other clues has been going on for a long time. These 'cycles' in sentiment have been a mixed bag.
You are being watched...
Bloomberg created a scanner that scrapes data from Twitter to find stocks with the highest 'social velocity'
Basically, firms can find tickers that are generating 'hype' before they become mainstream
The catch?
It costs $27K/year to access data like
Okay...pretty good for regime detection in the past. Not so much for new data. What happens is that as your window moves forward as new data comes in your state transition points will change. You will only know about your state change after the fact.
"The Wasserstein k-means algorithm...automates the process of classifying market regimes...[and] does not depend on modelling assumptions of the underlying time series...[It] vastly outperforms all considered competitor approaches."
Credit Swiss....where there is smoke there is fire. I think the chart is clear. If we are getting the news now then someone knew a week ago and started liquidating. This is how the game is played. It isn't fair but that is the way it is.
I am not sure this is true but cars in general have become too tech heavy and expensive. Owning them out of warranty is a risk. Simpler, cheaper but still interesting cars should be the goal.
Please feel free to DM any questions. I will block anyone who tries to sell me a trading service or someone who tries to explain to me how much money I can make trading Bitcoin. Account is locked until Twitter finds a way to deal with fake accounts and scammers.
I need to go on vacation more often. Last week was the fourth most profitable week for the $ES_F algo this year. 18 trades with an 83.33% win rate. The average win rate for long trades is 58.84% and 57.35 for short trades. Winning with consistency usually.
Let these people continue. This is the new alpha…but not the way they imagine. These systems can be front run as their output will be largely similar for a wide audience. A new generation of bag holders.
Does anyone really believe that OpenAI is close to AGI? This story has traction solely based on speculation of a breakthrough. We were at Laundry Buddy levels of cringe just last week?
The same applies to trading in most cases. Exploitable edges are tiny. If you have one you also need a high volume of transaction to take advantage of it. It is very difficult to replicate what another trader or firm is doing regardless of how much you know about what they do.
$ES_F out flat at downside T3 3875. Trading is done for the day. Now calling the wife to see where she wants to go for lunch. Don't over trade in these kinds of markets. Take the win and wait.