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So you drive a ferrari and own a 3 MM house through trading money while also going to uni? http://elitetrader.com/vb/showthread.php?s=&postid=1074682#post1074682 Congrats:

At the trader monthly interview, he showed his tax returns as proof and I believe they all showed 7 figure income. He is also still trading based on the previously mentioned article. Here is a link:http://www.traderdaily.com/magazine/article/2165.html

Actually most ones I know try to match their trades internally and then hedge excess risk externally through a liquidity provider. Regardless, someone is taking the risk and creating liquidity as two parties make their transactions.

Bitstream> The retail dealers then hedge their exposure in the general market. So yes, retail trader do indeed provide liquidity to the markets. Speculation is important to the markets as it provides liquidity. Most people don't understand the concept and value of liquidity but it is as...

Well instead of running around trying to regulate hedge funds, its the investment managers of pension funds that need to be looked after. The industry itself will (and is) become increasingly transparent as investors (institutions particularly) demand more access and oversight into their investment.

IV> I was actually short JBL. I would have made money if I was long (even after that run up). The long portfolio's returns this month had a big range. FTO lost 17% but RIMM was up 25% and PCCC was up 37%. Granville> No I had no problem in replicating the results. Liquidity was no issue what...

Results for September: Long-only Model: +3.80% Hedged Model: +1.03% Long-only model (since start of journal): Model: +5.36% S&P 500: +4.06% Dow: +7.02% NASDAQ: -2.07% Russell 2K: -0.09% Wilshire: +2.94% So, the model has beat its benchmark, the S&P 500, and the rest of the...

That book sounds excellent. Thanks for the recommendation, I will be sure to check it out. News can be a pretty interesting to watch to see the market's reaction which can tell a lot about the participant's hands (which the book notes based on your review). Its definitely a valid method. A...

I am quite familiar with that trade. I am quite familiar with Soros' works as well (I have read all three of his more important books (Alchemy, Soros on Soros, and Soros by Kaufman). What I am interested in is more in the way of a discussion of current issues rather than talk about a trade...

Yes I do agree with you. Soros notes that his goal is to figure out exactly which elements matter and sway perception of the market's participants and then focus on that.

I do not plan on calculating fair value but use the fundamental backdrop in the decision making process. I am also interested in how other traders use this to formulate their own decisions (not a play by play but in general terms). I actually have looked at Soros and have found great...

Thanks for the post.I am shooting for more of a long term viewpoint instead of say day to day trading. I do agree that focuses simply on fundamentals while trying to trade short term is a dangerous game. I am not interested in short term trading in terms of my thread subject. I am shooting...

Does anyone know if there are any data which shows speculative capital flow into a particular currency over a period of time? The only indicator I have found is the COT report where positions of large and small speculators is displayed. Are there any others? Thanks.

Yes quite a few traders, particularly technical traders, try to stay out of the market during announcements. Thats okay, I was actually looking for individuals who use a fundamental input as the basis for their decision. It would be great to start up a discussion on it which doesn't exist for...

Bump....someone must follow fundamentals and use it as an input for decisions.

Don't then still have 3-4 billion under AUM? Or did all investors redeem shares?

Wondering if there are any traders on here who also form a fundamental opininon of the market to either: A) make direct trading decisions B) use technicals as a supplement to enter based on a fundamental bias. I would be interested in finding out what sort of resources, data, commentary these...

What are some good viewpoints on global markets (emerging, currencies, FI etc)? I know of Pimco's content (http://www.pimco.com/LeftNav/ContentArchive/Default.htm) but are there any more such resources?

A trader who has been able to develop a good trading system should be smart enough to develop a proper money management system him/herself. A simple process is to just conduct monte carlo runs and take the 95th drawdown level and create your money management from there. If you want you can...

I would suggest you go with Matlab. There are various reasons why I am recommending this. I suggest you read the following thread: http://www.nuclearphynance.com/Show%20Post.aspx?PostIDKey=43398 Instead of talking about a 101 things people need to back up their arguements. Know what you...