Recent content by MichaelJ

Hi all - simple question. Everyone keeps talking about Greece defaulting and exiting the Eurozone. I'm curious about the "AND". Greece might get booted from the Eurozone in the sense of being part of a community with certain rights and obligations. However, they could continue to use the...

You should get in touch with Peter L Brandt (he has a blog - I'll PM you the link). Seems like a similar trading style to yours (Edwards & Magee chart patterns, heavy futures/FX focus).

I'm not sure where I went wrong. I'm guessing you have a different measurement of the uncertainty or somehow adjust the standard deviation, such that while I do 8% / 2.4%, you so 8% / 5% or something like that? Enlighten us...

What are we testing for here? Is the null hypothesis that the average return is zero and the alternative that the average return is significantly higher than zero?

Yes, I sort of agree. We can make a few basic assumptions and then it would seem that the average return is significantly higher than zero. Here is my basic test - I know I am not following statistical rigor to the "t" but that isn't the point. We are just trying to get an indication if an...

Looking at this from a Canadian situation, I think you're a bit premature in saying that it "won't be worth it" anymore in a few years. I know that the US view is that we have socialized medicine here and it is like long Soviet bread lines to go to the doctor (and indeed, true sometimes :-) )...

Not really. See for example: http://www.talkorigins.org/faqs/dating.html Using two different techniques to refine a date is not circular. And even before the technology of radiometric dating - and the Origin of Species for that matter - paleontologists noticed that fossils almost always...

OK, I'll grant you that. If Krugman is referring to the Chinese govt as the "bad guy" rather than the people, then that is much better and less tinged with "blame the foreigner".

I recall reading that story in Discover a couple years back. I followed your wikipedia link and subsequently looked at one of the articles cited there: http://www.smithsonianmag.com/science-nature/dinosaur.html It is quite interesting and I suggest people read it. You'll actually see...

it really annoys me that Krugman, who lives in what is still an incredibly rich country - and not only that, works at Princeton as a tenured prof, paints China, where many people still live in poverty in the countryside, as the "bad guy" isn't it kind of ridiculous to demand that the Chinese...

hi cl - if the institutions/funds won't hire you unless you have made $10 mill / year for another institution/fund, I would assume that they have people working for them that *do* earn those amounts (ie, gross trading profits, then they might get a bonus of 10% or ~$1 mill)... so would one...

I think though it is important to distinguish between what most retail traders (like ET's population) do, which is speculation, and what traders on the floors of investment banks do. Most of the money that IBs make trading is not from speculation, but from making markets. They might...

Hi all - I have a question regarding options markets. I've been mostly out of active trading for quite some time, but I like thinking about it, so please excuse any ignorance on my part... Back in the day, electronic access and ECNs put retail on a much more level playing field with...

Actually, searching around the net - this is probably already obvious to most of the thread - I've learned there is another type of registration: Registered Investment Advisor. Probably a completely different business model than Series 7. For example, here are a couple of links; granted...