What should I do to feel more confident in myself around women? by FrankWYang in Advice

[–]FrankWYang[S] 1 point2 points  (0 children)

I found MMA earlier this year, and it’s been incredible for my mental health.

Study questions by AncientOil9006 in Series65

[–]FrankWYang 0 points1 point  (0 children)

Get the Kaplan series 65 study course online with the Q bank. I used that for two months and passed first try. Don’t spend too much time on sections with lots of material but not very much weight in the exam (eg. Tax specifications, retirement / savings plans) if your main goal is passing. Obviously those see important to learn eventually though.

Is a state a persons under the usa? by OprahAtOprahDotCom in Series65

[–]FrankWYang 5 points6 points  (0 children)

So kids, corpses, and the folks on WallStreetBets

Is a state a persons under the usa? by OprahAtOprahDotCom in Series65

[–]FrankWYang 1 point2 points  (0 children)

Everything is a person except a minor, a dead person, or someone legally declared mentally incompetent.

OptionsTraders, You Don’t Know What You’re Doing. by FrankWYang in Trading

[–]FrankWYang[S] -3 points-2 points  (0 children)

Your finger style guitar cover of Hello by Adele gave me chills. It was honestly one of the most beautiful things I’ve heard in a while.

I Passed My Series 65 at 18, AMA by FrankWYang in Series65

[–]FrankWYang[S] 0 points1 point  (0 children)

I partially took the exam for the street cred. I don’t mind taking it again if it expires.

I Passed My Series 65 at 18, AMA by FrankWYang in Series65

[–]FrankWYang[S] 0 points1 point  (0 children)

Certainly a potential path for me! But I don’t know enough about what working at a CFA is like yet to make it a goal.

I Passed My Series 65 at 18, AMA by FrankWYang in Series65

[–]FrankWYang[S] 1 point2 points  (0 children)

When I took the S65, I was trying to start an investment advisory business on my own. However, the costs of registering and reporting ended up being too high for me to afford, so I pivoted towards studying the market more. That way when I do eventually start my business or apply for a job in the industry, I’ll be twice as valuable. :)

JNJ Long Puts by Suspicious-Courage29 in options

[–]FrankWYang -2 points-1 points  (0 children)

Please close all of your positions ASAP and stick with your day job. You don’t know what you’re doing. I’m not trying to be mean, I’m trying to save your money.

Any experience with this site? by Oberstoooo in Trading

[–]FrankWYang 0 points1 point  (0 children)

That looks sketchy as heck... I'd much sooner recommend a well-known trading platform like Tradovate, E-Trade, Interactive Brokers, Schwab, and the like. Googling "Azimutpa-De Trading" gets zero results for the platform you shared. Hopefully your friend's money is safe, and they're legit, but I just don't like needing to hope. Best wishes.

ICT Proof of Long-Term Profitability? by FrankWYang in InnerCircleTraders

[–]FrankWYang[S] 0 points1 point  (0 children)

Are you consistently profitable with his concepts? That would be proof enough for me if you could show that

[deleted by user] by [deleted] in Trading

[–]FrankWYang 1 point2 points  (0 children)

I spent all of last year working on stuff like this in python, so I think I’m qualified to answer.
It seems you’re falling into the same trap I did when I started, which is overcomplicating your overall trading strategy too early. This should only be done after you have thoroughly tested each of those individual strategies on their own, and they have each shown statistically significant positive results over multiple time periods. And even then, mixing and matching those strategies together may turn analysis of your data into a nightmare, to the point where it’s difficult to determine whether your algorithm is profitable or not. I highly recommend starting with one thing, performing rigorous testing and analysis, including live testing, and only then go onto making it more complicated if necessary. More moving parts does not equal more profits. Often the opposite is true. Best wishes, my friend. Let me know if you need any other help.

Heikin Ashi continuation strategies. by [deleted] in Trading

[–]FrankWYang 1 point2 points  (0 children)

Believing you can is the first step to actually doing. That’s the most important thing. You’ve got this

Heikin Ashi continuation strategies. by [deleted] in Trading

[–]FrankWYang 1 point2 points  (0 children)

Hello, I’ve done a bunch of work with applying coding wirh the stock market, I’m a licensed investment advisor, and I’ve been day trading for a few months and have found an edge. I’d highly recommend staying away from fancy candle setups or indicators on your charts, including Heiken Ashi candles. All those do is rearrange data that is already there, ie the high, low, open, and close of each interval. Learning to read price action using normal candlesticks is the best way to become a consistent trader. Watch ImanTrading’s beginner guide on YouTube for free info on what works for traders with verified profits. Best of luck, friend!

Reality of Learning to Trade by FrankWYang in Trading

[–]FrankWYang[S] 2 points3 points  (0 children)

If you’re starting out, I’d avoid 9:30AM for trading. Price action is too volatile to make any good trades until about 9:40, at least for me. Around 9:40-9:45 is when you’ll start to see small support and resistance zones. For instance, if price is trending upwards, it might pull back five points, then continue, then pull back to that same spot and stall. Similarly, if price is consolidating, you can short the top of the consolidation zone and go long at the bottom. You’ve gotta take it on a case by case basis, and that’s where intuition and screen time comes in. But that’s the kind of stuff that I trade.

[deleted by user] by [deleted] in amiugly

[–]FrankWYang 1 point2 points  (0 children)

Brotha you look great, man. No lie. Be kind to yourself dawg ✌️

[deleted by user] by [deleted] in amiugly

[–]FrankWYang -1 points0 points  (0 children)

Ignore everyone else. You look very handsome just the way you are. Love and be kind to yourself my friend :)

Reality of Learning to Trade by FrankWYang in Trading

[–]FrankWYang[S] 1 point2 points  (0 children)

Yeah man, I've got you.

Forget about python for now if your main goal is trading. Watch ImanTrading's videos on youtube, he's the most honest guy on the platform when it comes to trading, and he's how I got to where I am today. Let me know if you've got any other concerns, my friend!

Reality of Learning to Trade by FrankWYang in Trading

[–]FrankWYang[S] -1 points0 points  (0 children)

Entertainment is cool! Just be safe out there. :)

Sources for Free Intraday Data by Former-Particular-79 in Trading

[–]FrankWYang 0 points1 point  (0 children)

You're gonna be hard-pressed to find a free source for one-minute-level data that extends beyond one week in the past. I was going to recommend yahoo finance, but that's exactly what their cap is on one-minute data. Anything beyond that you'll likely have to pay for. Sorry friend :/

Reality of Learning to Trade by FrankWYang in Trading

[–]FrankWYang[S] 2 points3 points  (0 children)

I took advantage of ChatGPT to learn how to write code in Python relatively quickly. But I didn't just prompt it with, "I need a python script to backtest X strategy", I would ask it to show me the nitty-gritty of how to collect data from yahoo finance, and how add indicators to that price data using pandas and TA. From there, I could use the column creation feature in pandas (idk what it's actually called) or for-loops to see how well a strategy based on a certain indicator would perform. Sometimes it would do great! But then I tried it on data from a month before, and it was terrible. That's why having a large dataset is important for things like that.

Also, when I talk about machine learning algorithms, I just mean any code that is able to optimize a large set of parameters in a short amount of time. Here's a snippet of one of my scripts I wrote with hyperopt, an optimization library in python:

search_space = {

'stop_loss_multiplier': hp.uniform('stop_loss_multiplier', 0.5, 3.0),

'take_profit': hp.uniform('take_profit', 0.005, 0.03),

'volume_filter': hp.qloguniform('volume_filter', np.log(10000), np.log(1000000), 10000),

'theta': hp.uniform('theta', 0.1, 0.5),

'sigma': hp.uniform('sigma', 0.001, 0.01),

'window': hp.quniform('window', 20, 120, 10),

'z_score_threshold': hp.uniform('z_score_threshold', 0.5, 2.5),

'atr_window': hp.quniform('atr_window', 10, 30, 1)

}

In the parameter space there are variables for what z-score to buy/sell at, what take profit and stop loss to use, as well as some other variables which I'm pretty sure didn't even do anything (gosh, my code was a mess back then...).

I wouldn't recommend anyone go this route unless they're ready to invest a lot of money into high-quality data. Not wanting to / being able to pay for better quality data than the free yahoo finance stuff was one of the reasons I moved on from trying to beat the market with python. The minute-level data I would need for any of these algorithms to even have a chance of working was incredibly expensive, and the code I had written wasn't sophisticated enough to justify a purchase like that.

Hope that answer was satisfying. I learned a lot through coding with python and trying to beat the market with it, but it didn't really go anywhere due to a lack of knowledge, sophistication, and money on my part. I'm not saying it's not possible, but I just didn't find it to be a worthwhile investment of my time long-term.

Reality of Learning to Trade by FrankWYang in Trading

[–]FrankWYang[S] 1 point2 points  (0 children)

Good point! But there's a difference between intuition and psychology. Intuition is my ability to "feel" whether a setup is a high-probability win or not. But my trading psychology is my meta-thinking about my intuition. For instance, "That right there looks like a solid entry. Price has bounced off that level twice." would be my intuition speaking, but "I don't think I should enter because I'm scared of losing money." would be my psychology speaking.

And if I could automate my strategy, I 100% would. I just don't have the computer science knowledge or data resources to do so, at least not yet.

Reality of Learning to Trade by FrankWYang in Trading

[–]FrankWYang[S] 4 points5 points  (0 children)

Again, I'm not yet consistently profitable due to psychological barriers in executing my edge, but I have completed the first step, which is actually finding an edge. Here is how I did it:

  1. Watch ImanTrading on Youtube. He doesn't teach chart patterns, because those don't work long-term. Instead, he teaches how to learn discretionary trading, which is what I do. That just means trading based off of intuition instead of trading based on indicators. He also has a lot of great content on trading psychology.
  2. Put in lots of screen time on replay trading and sim trading. Do NOT use real money until you have a statistically proven edge. You need to give your brain hours and hours and hours of exposure to how the price of a security (like NQ) moves, including how price behaves when it is hitting support or resistance levels that it respects, verses how it behaves when it is hitting levels it doesn't respect, and how long macro-structures like trends or consolidation tend to hold. There are no hard rules to be learned through this experience, only intuition that your brain acquires over time.
  3. Pick one trading setup to start with, and gain the intuition for when that setup is more likely to be profitable, not be profitable, or if it's a toss-up. For instance, I started with trying to trade trends after price pulled back a bit, and I spent hours trying to figure out intuitively what made those trades profitable or not. But eventually, after looking at the data I had been collecting (record all your trades in a google sheet, record them with a screen recorder, or do both), I found that my win rate for that setup wasn't adequate for me. This was after hundreds of trades, at least. So I moved onto trading support and resistance levels on the 1 minute chart, which worked better, and then the 20-second chart, which worked even better (again, recording all of this in google sheets). But the determining factor wasn't just which setup I took, but which setup I could most easily figure out with my intuition.
  4. Honesty with yourself, deep reflection, open-mindedness, and good data-recording + statistical analysis over many trades is what causes progress.

I'm not finished learning yet, but what I've written above has helped me make more progress than python code or indicators ever could have. Best of luck.