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  1. J

    backtesting is stupid

    well as your indicators told you that earnings would not be good, i'm sure you made a ton of money shorting it. on a serious note this stings for a few reasons. I had a profit which I did not take this afternoon and was one click away from selling above 130. also because I posted it here...
  2. J

    Montreal/Remote Prop firm

    There is no one size fits all, I worked at a place that didn't require any capital besides for a 500 dollar one week training course. 200 a month software fee which came out of profits... They did have very good technology though. An average trader will end up paying about a dollar per thousand...
  3. J

    Finding stocks with large limit orders!!!

    No I don't know of any. Can you explain me the basics of recognizing whether or not the large order is legitimate. When I was scalping I would see huge orders dissapearing, switching sides... Are you using indicators, or do you just feel it?
  4. J

    backtesting is stupid

    no i am not, and that is why i don't backtest, i don't know programming, I never took statistics... i just trade, maybe beginners luck, maybe not. buy low sell high, sell high cover low. a strategy this simple doesn't need to be backtested it's an axiom of the market. there is no telling...
  5. J

    backtesting is stupid

    If backtesting did consistently produce market beating returns,everyone would be billionaires, just compounding their money day after day. the truth is its all about fundamental analysis/general market confidence and perception.backtest lotto results and try to find a pattern...buy a trading...
  6. J

    backtesting is stupid

    i would rather wing it. not to get back into it but to be honest i'm still not entirely convinced that formal backtesting produces any edge or provides any form of clarity.
  7. J

    backtesting is stupid

    No I have not heard of it - I will look it up. Have a good weekend posters.
  8. J

    backtesting is stupid

    i'm done with this thread. white flag
  9. J

    backtesting is stupid

    ok, well you could consider it backtesting then if that's your definition of it. i'm referring to real scientific analysis. admittedly my entry was a complete botch as of now, but i don't feel too bad or have stop losses below any so called support levels. i'm waiting this one out until...
  10. J

    backtesting is stupid

    long ibm 129.18. not a recommendation just saying. hold til after earnings. p.s there was no backtesting involved in the making of this trade.
  11. J

    Goldman settles for 550MM

    you got out pre market?
  12. J

    backtesting is stupid

    fair statement, but experience has nothing to do with this. actually this is all about forgetting past experiences and making your trading decisions based entirely on what you are seeing happening in front of you.
  13. J

    backtesting is stupid

    trading is getting less efficient, you have to take advantages of the inefficiencies.
  14. J

    backtesting is stupid

    max 180. I believe it will be a very very long while.
  15. J

    backtesting is stupid

    “I’m jumping up and down and telling my dad to buy it,” Hintz said of Goldman Sachs’s stock. http://noir.bloomberg.com/apps/news?pid=20601087&sid=aUuUmm_02YAw&pos=2 somebody please keep me posted once gs passes $170.
  16. J

    backtesting is stupid

    ya it's hard to accept at first, you'll get used to it.
  17. J

    backtesting is stupid

    haters: whatever it is that everybody starts to use and becomes very popular, i.e indicators which have worked but stop to like ema, rsi, stoch, there will be bigger money going against this strategy and getting everyone out of their positions. or for example when EVERYBODY in et was short the...
  18. J

    backtesting is stupid

    First of all lol. second, i'd love to master debate with you, just not now, I'll be back in a few hours.
  19. J

    backtesting is stupid

    that's all i have to say.
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