Recent content by ChkitOut

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    Will algos&AI take over? Is discretionary trading coming to an end?

    Its just a speed thing. The better the AI bots get over time, the harder it will be to execute on shorter time frames, basically zoom out a bit and give yourself more time to think and execute if you're discretionary. For example, if you take your signals from a 5 minute chart, then go the 10...
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    Twitter Hacking: Feds Probe Financial Markets Risk

    the only problem i see here is the rules on obligations by so called market makers. where are they? it does not look like any firm is obligated to do jack shit, they apparently can just walk away from the market at any time and so you get 3 second 100 pt plunges. what is there to analyze...
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    Can somone explain to me what horse betting and trading have in common?

    Horseracing is all about finding mispriced horses, odds that are out of wack based on your analysis. That way your payoff over time is large enough to cover the house take and losses. and yes, its paramutual meaning you're betting against other bettors, not the house.
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    Fellow losers. Do the opposite?

    bingo. a consistently losing system beyond transaction costs, is just as hard to find as a consistently winning system.
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    Where does one work after trading?

    if your resume sucks and you failed at trading then an ok option is sales, what kind of sales? any kind really. sales jobs are always abundant because people hate working on commission.
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    Explosion at the White House Obama hurt?

    social media is a total joke. lol. twitter. lame.
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    Explosion at the White House Obama hurt?

    unreal that some dip shit hacker can cause this move. pathetic. so next question? were they short? probably. probably made a ton of money
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    Explosion at the White House Obama hurt?

    breakout pullback. :cool:
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    Look for GC bounce @ 1310.50

    you heard it here first.
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    Perfect example of why Al Brooks is impossible to follow

    so what would be an example of focusing on the trading that created the pattern.? for example, if you see a triple bottom and you like trade trade triple bottoms looking for a reversal, then what?
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    Perfect example of why Al Brooks is impossible to follow

    please explain more about this. your post sounds interesting. what would be an example of trading price action as opposed to trading bars or patterns.
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    The Cool Kids Aren't Starting Hedge Funds Anymore Read more

    if i had to guess, id say 99% of hedge fund strategies are a complete sham, they simply have no edge. add to that the retarded fee's and they become an even bigger sham. they are basically gambling. yes, there are the 1%ers who have legit strategies (rentec, and others) but they are mostly...
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    The Ultimate Revenge Trade: Ex-Goldman Trader 110,000 emini ES position

    imo, this is the craziest part of the story. its mind boggling. what does that tell you? that all the crap they list in what they are looking for in a potential hire at these "prestigious" firms is just a bunch of crap. job seeker: hello, im here for the trading position interviewer...
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