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A "moving average" is not "statistics"... it's an average... A primitive, high school level construct. Statistics are methods that tell you whether something is meaningful... As opposed to being "fooled by randomness". You cannot succeed as a trader... Unless you have a very strong gut...

He should have multiple accounts at ECNs like IB... And get this done with close to zero slippage. It's not a static market... Where you are forced to take what you see. You should have enough Automation... To trade into positions like this efficiently over a few minutes... Even show a...

This is actually a great point. It's all about shortcuts... You have to find 1000s of shortcuts to build a trading business... Which is the most advanced sort of problem solving. Geniuses always find shortcuts and move forward rapidly... The merely highly intelligent cross the street...

You completely miss the point. Let's say you want to cross Africa on foot... You need specific training, experience and problem solving skills... That probably takes 10 years to develop... And your question is do I buy blue shorts or red shorts? Building a trading firm is harder than...

OK, I may actually show up... for the above reason.

Agree with Occam, but so what? It is what it is. FB, why are you trading 30-40 cent spreads... It should be a teenie tiny part of your business. You should be capturing 3-4 cent spreads. I average 500 executions on 2,000 orders/day... So it's hard to argue that the market in untradable.

People who use phrases like "Holy Grail"... Should just stop trading. Just stop... know your limitations.

This guy Bryan Downing is flogging software... His web site has that wacky "housewife makes $723/day trading" vibe... Meetups designed to sell a product tend to fall short.

If you have the infrastructure to stay market neutral... And you have actual trading expertise... Then it's cheap money, baby.

I think it's awesome that Don has relocated to the Belize jungle... And is building a lab to synthesize "antibiotics" from exotic plants. By making such a profound and selfless contribution to humanity... And bringing a measure of humanity to the Heart of Darkness... Don deserves to bang...

As a generalization... Quants are either arbitrage nits or gamblers... And they are pretty much hard wired that way. Nits should stick to trading... Gamblers should switch to poker where they will have an advantage.

Believe it or not, I only use a composite close... Because I want to see how THE MARKET prices something over 3-6 months... Relative to a meaningful benchmark and similar securities. The market is always right = reversion to mean. I think the entire tick industry is close to a scam...

HFT robots hijack thread.

Mcafee's actual Bluelight troll thread... Fooled everyone except the hardcore chemists... I don't believe for one second this dude is not strung out on psycedelics. http://www.bluelight.ru/vb/threads/541627-Hello-and-an-MDPV-Question

Why are you spreading misinformation? Good-bye.

Everyone talks about "algos"... Like you are gonna fake out people with 8 figure tech budgets... Plus your broker who is frontrunning you... (Or, at best, cherry picking customer orders)... Plus every slimeball ECN hustler... Plus every insider on the Street. I got a news flash... no you...

Whatever, I'm strung out on mescaline... And cannot unravel what on earth this is all about... But you seem to be good at whatever it is that you do. Carry on.

Good question. The only time you might penny-jump... Or hit the NBBO and "pay the spread"... Is when you are getting imbalanced... And need to move closer to market neutral. Staying market neutral is not remotely trivial. It requires sophisticated infrastructure (usually custom)...

Sure, this will work. But it's much easier to use clone software like Casper or Macrium... And just clone your drive to an external enclosure or even a large USB drive. Windows 7 can cause drive letter issues on restoration... But a 5 year old can do this on an XP. Stay the fuck away...

Macfee's Last Stand I love this classic Whore Psychology 101 quote from his teen "girlfriend": Emshwiller, however, felt nothing for him. “I know how to control men,” she says. “I told him my story because I wanted him to feel sorry for me, and it worked.” All Emshwiller saw was an...