Recent content by BhillYachtsman

What is wrong with this bulletin boards users’ mentality? While we are at it what is wrong with this newer generation, always implying information that is not there. Who said I was just planning to daytrade or that Dayson Capital is a prop firm? My arrangements with the fund allow me to...

It could just be the specialist at your particular post is dealing with a floorbroker and is negotiating. They are human and they can make mistakes and show the fullsize of the order momentarily if there is a misunderstanding.

As far as expirence you should be at the minimum trading for a few years, might look good to have some institutional expirence in your background. Main thing is to be able to exhibit that in your time trading you have a real understanding of and respect for risk. As far as costs I think I've...

I just accepted an offer to trade for a private equity fund. They are allowing me to trade remotely. I am curious to see if there are any other traders from the floor or off floor, who have been proven and gone into these similar arrangements with hedge funds recently. The one I accepted is...

You mean Ed Seykota…He stated that anyone who risks more than 3% of a portfolio on any one position is a gun slinger. I’m guessing he means a single position itself and not the whole portfolio, with the whole portfolios exposure never going over 20% of portfolio equity. Yes, they...

Oh you didn't know? Prepare to be shaken not just stirred.

It has been fun, but the club is closed. I am a former exchange market participant, and personally disgusted with the fact the exchanges went public for profit. It’s not worth it to provide temporary liquidity in this environment of constant program trading. We are on our way to major...

I think you missed my point lad. Yes trends will be fewer, but autobots will not kill inefficencies. Who designs the autobots? Humans. Who unknowingly creates inefficencies in trying to over optimize results based on the emotions of fear and greed. Humans. Trust me this is nothing new. There is...

I actually was introduced to a fund quant model based on behavioral finance. Never bothered with the stuff on the floor, but I see the merit in how it is used.

You are assuming that all programs would aim to fill the specialist role of providing liquidity during a temporary imbalance. I can attest there are some that do fullfill that role and cut into the volatility. There are also programs that specifically lean on the specialist during these...

One word, Cascade.

unfortunately that may be true. I saw more of this throughout my later days. This will not be anything new to our economy or society. It is capitalism at work looking for the most efficient way, and price discovery looking for the best price. This is similar to the overseas mass outsourcing...

I think you have the right idea.