/biz/ - Business & Finance

>>12518915

I made my first trade on 16th of October 2014, if that's what you want to know. I sold on 5th of November the same year - so that's about 20 days. If you mean by 'how long have you been in it' how long I am doing this, well then the answer would be 4 years and about 3 months.

>>12428227

Ok, there is a plethora of things I'd like to say to various aspects you mentioned. I'll try:

"I came to the conclusion that it's really hard to create a trading algorithm based on TA/neural networks/etc which is profitable" - This is my experience, too. This goes for a greater extend for algos making use of classical TA indicators. The neural networks you were speaking of (or support vector machines) part is not the problem, because this is proper maths brought in to do statistically relevant discrimination in the data. With this I am trying to say that even the best HF/HFT's do not use anything different from this. I believe the main problem is that retail guys like you neither have the proper tools (high quality data, software, even hardware), nor the knowledge (could be you're a capacity in ONE mathematical theory, but what's needed is a way more expertise), nor the manpower to come up with what could be called proper indicators. By this I mean statistically proven to be relevant properties or characteristics in the time series to be used to build an algo upon.

"You are absolutely correct, you currently can not scientifically test TA" - Yes, I believe this, because there exists no such thing as a TA-theory that could be formalized and tested by scientific means to be true or false or statistically making "good" forecasting of certain properties of let's say prices for example.

"Fortunately I read some works like "Market Wizards" - I would not recommend this for anything else than entertainment. It's traders porn. You will not, I repeat, you will not learn anything applicable for building a trading strategy.

[comment too long, I will have to split]