Recent content by illiquid

The critical error in that analogy (and this is not a FA vs TA issue at all) is that any financial market operates as a predatory market, with winners taking from losers. Change the game of roulette into a quasi- parimutuel system of betting where each number 00-36 on the wheel expands or...

If you don't have time to trade it full time due to your day job, then you definitely did not have enough time to put in the screen hours necessary to know what you are doing. Hence, you are here asking. And if you have to ask . . .

Silk Road going down was a shame :)

Thats the problem with short-term or intraday trading today (or more explicitly so than ever before), what makes sense usually doesn't make you money. The programs have skewed the risk/reward profile in this time frame to heavily handicap the independent risk-averse trader. If you are a...

I would argue that the concept of luck doesn't really apply in markets and trading, given that markets are always changing and that each real-time setup has a virtually unique set of conditions. The mirror-image of this would be the concept of skill in a game of pure chance with a fixed set of...

Sorry, but I live a block from west 4th station and I can barely get to my office 2 stops away in 15 minutes, door to door. Jersey? Fugghedaboutit!! Only a rental brochure would ever claim that :)

Sorry but day trading and percentage returns don't mix. Unless you are exclusively trading the most liquid ETFs, daytrading is much less scalable than other markets. The good thing is that there are firms that provide high levels of leverage for those who have an edge; go max out your...

Thoughts? Does this have any impact on restrictions to insider sales, etc?

If that's a serious question, here's a serious answer: you may as well not even try.

cps - .043 ytd .03 12-month .11 for May :P

Can anyone recommend a good area/hotel to stay in London?

Taxes are a bitch. If I just counted gains - withdrawals for my trading between 1999 and 2005, I'd still be able to to claim a 1000+% return, that I was still "up" vs the market for that period. I never gave back more than 30% of my total peak gains, but after paying the govt, and...

The SPY was just sitting there when the news broke, for about 5 minutes actually 30-40 cents above the close. Made you think it wasn't a big deal. Now -1.30 lower