Recent content by the1

The difference between trading sim and real is as clear as black and white but it's not even remotely close to the difference between trading your own money v. OPM. I was down 3% with OPM when I first started and it took me 6 weeks to make it back. Once I went + I took off. Had it been my own...

Good thing you didn't find this site a few years ago. There were some real characters here that made this place feel like a Yahoo message board. I think many of them have been run off. This site was full of children pre-2008 and slightly beyond. It's improved a lot since then.

Biggest Down: 440k. Enjoyed it so much I did it again, almost to the dollar. Next in line was 130k. Biggest win: 235k. Biggest win vs loss doesn't mean much w/o knowing your win rate. Win like a Turtle, Lose like a Hare. On the Hare days head to The Option Room :) Nature of the...

Would have to agree. I trade similar to the OP and I quickly learned that fundamental data gets priced into the market before you can act on it. A mathematical advantage can be developed based on the specs and volatility of instruments in question. That's the route I've chosen and it has...

At present day, it's widely accepted that the sharing of information is limited to the speed of light but I don't think it will be long before this theory is refuted. A brief education on the topic of quantum entanglement may be an eye opener for many...

I was joking. It was likely the exception that shut the machine down, along with it being an old machine

Ummm....you may wanna take a pass on downloading this App. Possibly has malicious code in it. Glad I opened it on an old PC because it shut my machine down. Now I wonder if it will start back up LOL.

Do you have Visual Studio? I just opened and ran it and so far it is throwing exceptions. I don't have the time to look into the trouble but this doesn't appear to be a complete application.

Very interesting article. Thanks for posting it. I've been a long time critic of GS, and probably always will be, but if I put myself on the 30th floor with the knowledge GS had before it got net short I won't hesitate to say I would have done the same thing. You have to do what you have to...

It depends on what time frame you are trading. For day trading I use the 1-min chart so my analysis is on the next highest time frame -- the 5 min chart. Naturally, I could use 2,3,4 but the 5 is the default on the platform I'm using. For any position overnight I trade off the 60-min and/or...

Depends on the setting. If you're trading your own account then yes, you do have to be concerned about your rate of return but it should be noted that doing 100% on a 25k account is much easier than doing the same on a 25M account. If you trade prop, with the firm's money, you aren't the...

This is a pretty good article. I've been through the interview process and the biggest thing a prop firm looks for is critical, split second, outside the box, thinking. Some of the questions I got were along the lines of, "What is the surface area of the Hancock?" "How many jelly beans are in...

In my opinion, and experience, hedging is a far superior strategy to manage risk than using a stop but to be successful at it you have to have a thorough understanding of the mathematical relationships between the various instruments. One of the best markets to do this in is the bond market...

What Greenspan did to the markets is going pale in comparison to what Bernanke is doing now. If the current move continues, and it probably will, the markets are going to start going parabolic and we all know how that ends.

Very interesting article here. Took a class on Middle Eastern History in college. Forgot 90% of what I learned but boy! What an interesting class. http://en.wikipedia.org/wiki/History_of_the_Jews_in_the_Land_of_Israel