Search results

  1. D

    Citigroup facing further big write-downs

    Since pro bond traders are not worried... It's hard to take the ET peanut gallery seriously: Bond Yields C - 7.1% BAC - 6.8% ING - 7.1% LEH - 6.9% MER - 7.1% MS - 7.1% ABN - 6.8% DB - 6.9% USB - 6.8% Zero risk of default in the above group. For comparison some other yields...
  2. D

    Some Basic Questions

    My cat is not feeling well. I think that he needs a brain operation. Can you guys teach me to do brain surgery? Just the basic principles... Like anatomy, anaesthesia, infection control, instruments required. Thanks in advance.
  3. D

    Subprime could cost 1 Trillion Dollars

    US GDP is about 14,000 billion... So total losses are 1.7% of ONE YEAR of economic output... And probably about 50% of those losses are to foreign investors... So that's < 1% of one year spread over 3 yaers... So that's 1/3 of 1% for 3 years. Big Freaking Deal. People fueling the...
  4. D

    Identifying when IB is your counterparty

    The thread title is... "Identifying When IB Is Your Counterparty". The response you are referring to... Uses various logical devices to AVOID answering the question directly. Please show us a link to IB's website that addresses this issue in a clear manner.
  5. D

    Identifying when IB is your counterparty

    Although Market Making accounts for the majority of IB's revenue... You are basically stating that IB does not engage in Market Making.
  6. D

    A cautionary tale for system developers

    The idea that experienced, well-capitalized business people... Are gonna randomly troll around for "consultants"... Peddling black box NASDAQ 100 "strategies"... And then try to disassemble code to get at the details... Does not even pass the laugh test. But post it on ET... They will...
  7. D

    Identifying when IB is your counterparty

    The grass is green... and the sky is blue.
  8. D

    Identifying when IB is your counterparty

    Yes. If your "executing exchange" is SMART or IDEAL... IB is the counterparty. Before January 5th... One would get a mixture of SMART and IDEAL stock executions... For me... about 12-13% of my NYSE trading... Compared with 2-3% one year ago. So IB is rapidly expanding their NYSE...
  9. D

    Program trading & the end of scalping era?

    Yes. The scalping environment is SIGNIFICANTLY better than one year ago. Liquidity is better. "More players" and "new players"... always helps the strongest players. If 50% more people started playing poker... would the Top 2% be complaining? No... but the bottom 80% would be... And...
  10. D

    Quant Forum - Questions for a Renaissance Technologies Quant ?

    I'm sure that he has signed a 1,000,000 page Non-Disclosure Agreement.
  11. D

    Fund Formation

    You should just move to Vegas. At least you'll get free drinks... while you flush the money.
  12. D

    marriage problems as a trader

    If the person in this story was successful... this wouldn't be happening, would it? This story is about a "subsistence level gambler"... Not a professional trader. Women will have you exposed as a low-level gambler... In minutes... or hours... or days, if you are a good liar.
  13. D

    Subprime explained

    I think the point is... That any government entity... like a municipality... Is an accredited, institutional investor... And could be sold these "low-risk bonds". The US regulatory system does not deem it necessary... To protect such sophisticated investors... From making poor investment...
  14. D

    The accuracy of trading performance back testing

    You are confused in every conceivable way. "Hedge funds" are not "pro trading operations". Most "hedge funds" are skimming operations... That have no viable money making strategy... But only a business model designed to profit from the ** huge fees ** they charge. Only a minority of...
  15. D

    IB closing inactive accounts.

    In light on serpent's refusal to provide basic ID... I'm surprised this account hasn't been "frozen"... And turned over for investigation by "money laundering" authorities. Probably only because it's such a tiny account... And not worth anybody's time.
  16. D

    The accuracy of trading performance back testing

    The stuff you are posting out of some options textbook... Has been common knowledge since the 80s. Yawn 1,000,000 times. And the last sentence applies ONLY to unhedged or poorly hedged positions. Why don't you do 100,000 trades... And then come back and post something useful.
  17. D

    The accuracy of trading performance back testing

    When you hedge a long position... With a "very similar" short position... Both sides of the hedge will have similar volatility... Or it's not a good hedge. More specifically... I'm talking long basket vs short basket... 50 stocks long vs 50 stocks short. But within the baskets are 50...
  18. D

    The accuracy of trading performance back testing

    You think that 400 trades/day is a lot? It might be typical of a TEENY, TINY 2-3 person trading firm. Or a single highly automated trader can do it... Using a lot of custom software... Because every trade has to be a quality decision. I would guess that within one year... As my...
Back
Top