Recent content by Wulfrede

Regarding health, I couldn't agree more. Which is a big reason I think retirement in general is not only a myth for many, but is something that should not be viewed as necessary. Staying on your toes keeps you vibrant. After all, you are, in fact, a special case (I hadn't realized you were an...

Assuming you are living solely off your retirement and not any transfer payments, you are likely one of a few examples who are able to do this and, more importantly, want to do it this way. This also implies that you likely have accumulated over $1M to give you an annual yield of just under...

I can agree with that. But my point is that the myth of comfortable retirement, or rather, the attainment of comfortable retirement through working hard and saving cash is still a myth for most earners out there. So, it's the 1-2%-ers that can actually make it happen and the guys on the...

Live on $40K? Where? Going where, driving what? And with what quality of life? Besides, if you expect a 4% return on that million, chances are the corresponding inflation is making that $40K worth at least that much less, besides the fact that your principal gets continuously deflated. And who...

Awesome. So you spend your entire life working your ass off while living in the US and paying US taxes, just so that when you really need (maybe even deserve) comfort in your retirement, you have to leave your homeland to some third world country? Leave your family, friends, your rights...

Pretty cool. The article sounds almost hysterical, just like the OP. So, you mean when some fund decides that AMGN is a good long term buy, puts on a buy program in a late afternoon and walks the tape up for an hour, Nadler's algorithm is somehow going to know about it? Or, when NK tests a...

Making a consistent 300K trading year in, year out is a very tough feat. Lescor, very cool of you to have posted an update. One thing I was curious about: '12 and '13 being roughly the same in character (wrt equities specifically), what were the reasons behind the flat P&L? A method...

I think another factor to his end was the fact that he had no kids. While clearly an outstanding individual, his late life likely had little meaning for anyone outside of his intimate circle. And that circle was probably very small. I'd hate to be in poor health and utterly alone if I...

I remember the late 90's and the latest decade very well. I did retail at one point and prop at another. In short, if you are focused on larger moves, nothing has changed. Not a damn thing. People will whine about low vol, low liquidity, bot games, etc. Maybe they are looking in the wrong...

I used a couple but ended up writing my own. If you need something to start off with, try ChartDirector. I built a real-time control on top of it and it worked pretty well. It's not too nice on resources though and on .Net the GC proved to be too much. ChartDirector is very full featured...

It seems that you might better benefit from applying yourself more to trading than to reading. When you gain more experience you'll understand the differences between driving factors on different timeframes. Pure price based methods don't really rely on any of these factors. It's the opposite...

How to put this plainly... it doesn't. No system "works" on any timeframe. You might as well learn this early on. The whole argument that a given system (as opposed to a method) applies to all timeframes because markets are fractal is complete bullshit. The markets *look* like they can be...

Turtle traders were not day traders and certainly were not involved in anything even resembling HFT. I actually am in favor of longer term trading, where automation plays a smaller role. But that implies that one is very well capitalized and doesn't mind huge drawdowns. I made a point on some...

Spot on. BTW, the combination of this knowlege - expert C++, CLR, systems, etc. and intimate understanding of markets and complex products is incredibly hard to attain and thus very rare. Anyone with a lesser amount of knowledge and drive, who happens to think they can buy a cut of tradestation...

Achilles made a key point: BT is decentralized. Someone else followed up with: the cat is out of the bag. Yes. Just like with bittorrent, you can't shut it down. The concept of decentralization is ... well, if you really think about it, awesome. You can chase it, prosecute it, vilify...