I know this may seem like not a thing to ask in this forum but I think it's the PERFECT place to ask. A bunch of technically apt people seem like the perfect place to pose this.
What platforms for stocks and options do you all see as "the best"? Low cost, maybe has a scripting language built in. Trustworthiness.
What resources should I gather together and learn?
What kind of pitfalls should I look out for?
This seems like the perfect system to take apart and learn about.
Metatrader has an excellent programming platform, for writing your own technical indicators and building automated trading.<p>Problem is: don't do it.<p>I agree with the others.<p>As someone that has spent years trading stocks futures and warrants(a kind of option)...<p>And as someone who has read roughly a 100 books on trading, markets, investing, predictive finance...<p>And as someone who spent 5 years trying to write automated technical trader bots....<p>(And sought out and paid trading "experts" to learn from them in person)<p>I'm telling you: Don't do it.<p>The markets are pretty efficient.<p>Making money by trading is very very hard work.<p>You have significantly better odds with buying and holding high growth blue chips.<p>I know you want to trade.<p>But reconsider: at least paper trade for a year - this will open your eyes - and prove whether you are serious about becoming a professional, or just a dabbler about to lose a painful amount of money.
"Scripting" and "platform" sounds like you're planning to do active day-trading.<p>Don't do that. It's as simple as that.
I just want to blanket thank everyone who commented on such a low ranked question.
I sincerely appreciate everyone's time and I thank you all, the opinions and information was exactly what I needed and you guys replying to such a low ranked question really means a lot to me.
Regarding scripting, analysis may be of more use than "bots": <a href="http://dirk.eddelbuettel.com/code/rblpapi.html" rel="nofollow">http://dirk.eddelbuettel.com/code/rblpapi.html</a><p>Other than that, I recommend opening a debit account with TIAA-CREF.org and going from there.
{random advice from the internet}<p>The pitfall is to imagine beating the pros is likely both directly out of their money or indirectly by separating amateurs from their money.<p>That's not to say it isn't easy to make a small fortune. All it takes is starting with a large one.<p>Good luck.