@Q3Q with all due respect.... what would ever incite a trader to write a lengthy statement among others, such as this: ....Unfortunately a positive trader's equation is no longer valid in HFT-dominated markets for discretionary day traders.... trader, any trader or traders, who agrees with such uninformed and unfamiliarized with profitable trading.... inadvertently discloses that whatever he/she has been working on.... is less than satisfactory and less than profitable at the very best. many traders here.... {like @profitlocker, for one whom i do not know personally....} and else where would take you to task, so to speak, big players and bigger players and biggest players.... come and go.... it really matters not a single bit.... for those profitable traders who also come along but they do not go away.... they trade their own setups and parameters, it matters not who are in the markets, nor how large their lots are at any given moment.... just as soon as their trades show up on the screens, it matters not either, whether they are buying or selling, whether it is spiking up or down.... we are ready to eschew.... and spit it out immediately if we are proven wrong. however, if we are correct in our analyses, then.... we'll just take what the markets would give us to the extreme, always. so, comrade Q3Q.... gets to work.... and pick your trade methodologically.... and we'll meet you at the cashier counter.... K? or perhaps we misconstrued your good intention, with regrets....? best trading everyone
He's beyond help and something he stated not too long ago implies he has given up. In addition, I believe he already knows that if he wants to be involved as a trader...he needs to find something else because that "scalping" stuff he was doing as a discretionary trader doesn't work for him. He also refuses to acknowledge the online articles by Google and Microsoft that clearly stated they will ensure that quantum computing will be available for the masses. In addition, he refuses to acknowledge that the current testing of such is not being done on Wall Street...its being done in "chrome browsers" by Google involving chips that contain components for quantum computing and/or masses (you and me) having access to software that's able to log-in and use quantum computers stored at some server side facility. Further, he doesn't want to acknowledge that Microsoft last year has already released the Quantum computing simulator for free to several universities, scientists and even do it yourself eggheads for the sole purpose to further its advancement. Google and Microsoft both state its still largely theoretical although I don't understand what they meant by that if its already being tested by universities and scientists. Most likely it means that everything so far is just the simulation of the quantum annealer. Now you have one of the universities (University of New South Wales) that was given free access to development of application use of quantum computing...has updated the arrival of taking it from laboratory to real use in 5 to 10 years... Drug modeling/testing, chrome browsing, NASA, fraud detection, new effective algorithms, CIA, forcing overhaul of NSA security standards, new artificial intelligence, pattern recognition for weather prediction and many other areas down to video gaming. Yet, the most talked about theoretical application is in the decryption of cryptographic systems with relative ease. This is why NSA and CIA are teaming up with companies like Google to prevent quantum computing from being exploited against the masses. I believe even Amazon owner and the CIA teamed up with a company that the amazon owner has invested millions of dollars in a company name In-Q-Tel. The investment group includes private investors. Makes sense to me now that countries like China and North Korea have started showing interest in quantum computing along with investing in it. As for us retail traders... 1) We'll have access to new computers using new chips made of quantum components...thanks to efforts by Google and Microsoft that specifically stated their goal is to make it available to the masses. 2) The weak traders that do not know how to adapt or stuck in their fear of the markets...they'll quickly be weeded out because there are too many traders involved in the markets that shouldn't be involved with the markets. 3) We'll be able to trade new public corporations that are in the business of quantum computing. 4) New drug discoveries for the body and mind and new cures 5) Maybe cybersecurity will be better or we'll become more susceptible to hackers using quantum computing...we'll know in about 10 - 20 years. My fear is not that Wall Street (big institutions) will also have access to quantum computing. In contrast, my fear is today's world threats (e.g. terrorism) will also have access to quantum computing. I also have a paranoia about artificial intelligence due to my love for science fiction (e.g. Terminator, Ex Machina, Total Recall, I Robot, Matrix, Blade Runner, Transcendence, Chappie, The Machine, Autómata, Her). Yeah, by the time these types of artificial intelligence is born...I'll be long dead, automobiles will be auto driving for us via artificial intelligence in Google Map and then for 10k you can have your own personal artificial intelligence maid or massage therapist for 5 years that look like humans...updates included for free.
thx y'al come on Q3Q, there are at least a few profitble traders here who are willing to sort of helping you, becoming, if at all possible, another consistently profitable trader.... so, what are you waiting for comrade?
He's not looking for help and he closed that door for help from the few that asked him to discuss his trading when he first arrived and continue blaming people instead of answering the questions. Those people that offered help...they no longer respond to his message posts or threads. Simply, he's not at this forum to ask for help and its obvious what he's really here about. The first clue I got was when he blamed people for not informing him about the "risks involved in trading"...the possibility he could lose the money he put in the market. The same risks in those disclaimer statements he signed when he open his trading account with his broker, same risks described when he signed up with CQG, same risks involved that were explained to him at the forum/website he used associated with vendors he used. Ok...I get it. Most people don't read those statements but to pretend the broker, CQG, forums, websites do not have them and then to believe its their fault for not discussing such...that's a person in some serious denial. He didn't even want to answer the question about EliteTrader.com risk statement of being a member of this forum and involved in trading. There are 10 statements and the very first one here states the following... The help he needs is not related to trading...its professional help that deals more with the psychology of life. You can see it in his message posts especially some things he said in his "Suicide and Trading" thread..its telling. Therefore, the last thing this guy should be doing is having any kind'uv of involvement with trading, trading forums and he should be encourage to get professional help with his feelings or emotions about life...help from a psychologists. Last person to behave like Q3D...the member here later (about 2 years later) admitted he had bouts of depression, on medication and seeing a psychologist and psychiatrist. Eventually he came to the conclusion that the stresses involved with trading is not good for his mental well being. He called it quits to give 100% of his time to his mental recovery. He then stopped posting. The sad part was that so many members had been encouraging him to trade instead of encouraging him to get proper help to deal with his depression. Trading is tough on the mind...it exposes your weaknesses. Even people that are mentally strong will have days in which they just need to stay away for a day to just re-energize sort'uv speak. Think about that carefully, most occupations give vacations, sick days and other things that enables their employees to just "get away" to take care of themselves. Too many traders do not do such...they stay tuned to the markets every day until they just burn out or lose perspective of how they're interacting with the markets.
I know another psychotic desperately calling out for help. I just did a search for the word mental with his username. No, not Q3d, someone else. It returned 9 pages of results where he's claiming nearly everyone is mentally ill. Seriously, that's a lot of his life spent viewing the world from a slightly askew point of view. Of course he has the same issue where he's never made it past newbie trader level and refuses to believe there's any validity in trying some highly recommended sources ......like the Al Brooks books that have contributed to the excellent foundational skills I've acquired as a direct result of practicing the things all these excellent educators are offering. Many of them not even asking for anything in return, doing it out of the pure joy of the benefits gained simply because they love being near the action in the markets! 9 pages is approximately 200 times he's claimed other people are mentally ill, people who best I can tell from the few I've sampled ...are perfectly sane.
I'm a bona fide psychotic, but somehow manage to feed myself. I'm smart enough to know that living in the streets sucks, so I just play the game
http://www.csmonitor.com/Science/2016/0304/Will-quantum-computing-kick-off-an-encryption-revolution Quantum computing may be on the verge of making current encryption systems obsolete. Researchers have created a quantum computer out of just five atoms, capable of factoring the number 15, according to a paper, published Friday in the journal Science. Crucially, and for the first time, this technology is scalable – can be expanded to incorporate more atoms and factor more complex numbers – which is important because many encryption schemes are based upon this “factoring problem.” “It might still cost an enormous amount of money to build – you won’t be building a quantum computer and putting it on your desktop anytime soon – but now it’s much more an engineering effort, and not a basic physics question.” Factoring the number 15, the smallest number that can meaningfully demonstrate Shor’s algorithm, is an easy task, something children learn early in their mathematics curriculum. The prime factors, or multipliers, are three and five. However, larger numbers prove to be more complex, and when you reach the realm of numbers consisting of hundreds of digits, it takes years and considerable computing power to find the answers. “Certain algorithms for quantum computers are able to outperform their classical counterparts,” reads the paper’s abstract. “In 1994, Peter Shor came up with a quantum algorithm that calculates the prime factors of a large number vastly more efficiently than a classical computer.” It is precisely because of the complexity of finding the prime factors of large numbers that encryption schemes are often based on this system. Because of the speed at which quantum computers promise to solve these mathematical problems, it is likely, if not inevitable, that they will force the development of fresh encryption methods – as well as rendering current encrypted information easily accessible. “Such pace is possible in part because while in a classical computer a bit of information can be either a 0 or a 1, a quantum computer can store the information as both values simultaneously, so that qubits [quantum bits] can exist in a wide range of 'superpositions' of the two states,” Nature science writer Edwin Cartlidge wrote in 2014. In this latest research, each qubit was represented by a single calcium atom, five in total, held in what is termed an “ion trap,” by removing an electron from each atom, thereby giving them an ionic charge. As an electric field held them in place, laser pulses were used to perform “logic gates,” essential components of Shor’s algorithm, on four of the five atoms. The fifth atom processes the results. “By having a number of these atoms together, they can still interact with each other, because they’re charged,” said Dr. Chuang. “That interaction lets us perform logic gates, which allow us to realize the primitives of the Shor factoring algorithm. The gates we perform can work on any of these kinds of atoms, no matter how large we make the system.” So it is that, while this particular quantum computer can only calculate the prime factors of 15, it promises so much more. “[Shor’s algorithm] captured the imagination of many researchers who took notice of quantum computing because of its promise of truly remarkable algorithmic acceleration,” said Mark Ritter, senior manager of physical sciences at IBM. “Therefore, to implement Shor's algorithm is comparable to the ‘Hello, World’ of classical computing.” Fascinating article, once the acceleration from Shor's algorithm is implemented with quantum computing in the markets by the corporations that can afford it there will be an incredible paradigm shift dwaring the recent HFT paradigm shift.
Enough with this bullshit Q3D Quantum computing doesn't come up with million dollar ideas. The human mind does. Did quantum computing create Apple, YouTube, Facebook, etc..? It's called vision, innovation, structure, persistence, and confidence. Seeing what others don't. Shared traits by almost every highly successful self-starter, trader or not. Trading is just a unique business model. Don't make it harder than it already is. If you have no desire to trade, you're wasting precious time in this forum
Those things you listed have no relevance to day traders at their typical ~5 minute timeframe. What is your timeframe?
So your saying successful daytraders are just lucky and lack those traits. Get serious please. My holding times vary from 30 seconds to six hours, but I'm flat by close of US markets.