This company came out with a new version upgrade to their program that includes a new indicator, called the p-Indicator:
http://www.tradingpatterns.com/News/Version/pindicator/The_p-Indicator.pdf
The version upgrade was immediately withdrawn. What do you make out of this? Bugs, other...
ROFLMAO !!!!!!!
A lot of newbies lately asking about an edge.
ATTENTION, ATTENTION NEWBIES
When you get one you'll know it. Just keep in mind it takes anywhere from 5 to 10 years if your IQ is above 180 to more than 10 years if your IQ is above 140 but less than 180 and maybe 20 years...
rvince99,
IMO you are mixing up two different things: portofolio diversification through allocation and trading risk (of ruin) management.
Portoffolio diversification deals with unsystemic risk. A well-diversified portofolio in inversely correlated assets protects capital from risk related...
It is not a "local" check, especially checks #2 & #3 must be done at the IB server. They are dealing with thousands of trades and wait for thousands of confirmations from exchanges about bid and ask values.
This sounds more of insurance during fast markets. They must wait for bid/ask...
Most people in those forums are from academia and many of them have never traded real money. Maybe they have investment accounts. For them money management means allocation between alternative investments vehicles and that is mostly what is discussed in the books you mentioned. For example...
Having ideas about what? About people giving you their money because you think you understand algorithmic trading?
Have you heard of alpha and beta? Big money goes after low beta and most of the times stays away from high alpha.
You sound like a newbie. After 10 years of real trading...
Good work by Michael Harris. I think his classification of the different types of curve fitting based on entries, exists and timeframes makes a lot of sense.