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  1. M

    Why use a database?

    I would rather use some form of Db access class like ADO.Net than write tons of functiosn to manipulate flat files. ACK! That woudl mean you gotta move back and forth in the file for backtesting purposes with dates etc. geez. I have not used ADO before. But is it true to say if you want...
  2. M

    Why use a database?

    So, I guess a backtester written in C++/Java/C# to read flat files that contains minutely or tick data is the fastest? Hmm.. But I suppose you'll end up writing a lot of read/write infrastructure and time series class libs. Calendar awareness,etc. vs using off the shelf stuff like...
  3. M

    Why use a database?

    so, what is the best way to store, retrieve high frequency minute or tick data for backtesting and doing analytics on it? through a flat file with c++ or through a db? which way is faster?
  4. M

    Giving up is hard to do......

    bobcathy1, that's probably a wise choice! No regrets! I've given up daytrading as well. It was one crazy ride! Though I'm still doing it lightly... just focus on your next goal. the market will always be there... misc
  5. M

    Official GOOG prediction poll

    since1997, I don't get. If they are "hardcore scalpers" why would they get in 102 and get OUT at 98,98???!! That's more like an intraday swing or position trader. Scalpers go in and out for 10,20cents or even less. Not hold for3-4 dollars losses... maybe they weren't real scalpers...
  6. M

    Is $5,000 enough to get started with trading?

    Right. Futures and FX are not for the faint-hearted or the seriously undercapitalized! But those are the very people that are attracted to futures and fx thanks to PDT rules. The PDT rules are ill conceived. Anyhow, despite how bad stocks might be, it's hard to lose that much in stocks unless...
  7. M

    Is $5,000 enough to get started with trading?

    nononsense, thanks for the compliments. However, I like to add that in NO WAY do I say that $5K is sufficent for you to make a living or get rich or even pay your bills! But if you are so new, then perhaps it's best to plan out what you are going to do. But I know you wouldn't anyhow. So...
  8. M

    Is $5,000 enough to get started with trading?

    siwash, Yeah, $5K trading futures in IB is "enough". But ONLY IF you know what you are doing in futures. If you don't , then you can blow out $5K in a week. But trading futures and the leverage nature of it, makes trading a small acct possible to generate cash flows only if you are good...
  9. M

    Is $5,000 enough to get started with trading?

    This is a pretty valid point. It's not so much if $5K , $10K, $25K is enough or not enough to start trading. You could start with $10M or $100M and it would still not be enough! If you don't know what you are doing.. Remember those internet funds started in the year 2000. They have several...
  10. M

    Career move Prop to Corporate?

    Scalp, Yeah, true true. Prop trading is unfortunately not looked upon very well in the corp world. Sometimes, I wondered if my life would turned out differently had I stayed in the corp world vs going to prop trading. PT has its ups and downs. Many a heartaches before becoming successful...
  11. M

    Trading aussie,nikkei futures

    Is there a FREE charting source for N225 with daily and intraday candlesticks and other indicators? thanks
  12. M

    vector vest

    Do they have an audited track record? Or at least the peformances of their picks? It seems like most site cherry picks their winners and never tell you about their losers. But the software looks interesting. They have sent stuff in the mail and email to me. I've been wanting to look into it...
  13. M

    Medved Quotetracker or Sierra

    jerry, OK. thanks. but before it works on sunday night i think.. or maybe i was confused it was a weekday night. thanks!
  14. M

    Medved Quotetracker or Sierra

    Jerry, do u know why the charts aren't updating tonight? The quotes and the mini charts by the bid/ask are updating. But not hte main charts. what's going on here?! hmm.. misc
  15. M

    Equity Derivatives Trader $200k base + bonus

    steve46, I think it was Hello_Dollars who claimed to have multiple advanced degress and was about to get a phd in quant finance. Yet, at the same time, he bashes quants. Ironic. I think it's sour grapes. Anyhow, yes, I read Lowenstein's book "When Genius Failed". It was a great read. LTCM...
  16. M

    Equity Derivatives Trader $200k base + bonus

    I'm not sure having a hard science/math background was WHY LTCM blew up. They blew up because of HUMAN ARROGANCE and HUBRIS. Has little to do with their pure academic training. There are probably countless other non-acadmic/non-math/non-physics traders who blew up many times. Just listen...
  17. M

    Equity Derivatives Trader $200k base + bonus

    You are totally INCORRECT! The first waves of quants in the early 90s to mid 90s were phds in physics hired "right out of particle accelerator" labs. Now, employers are a bit more picky and asking for financial experience. But at the really really hardcore quant trading desk/hedge funds, they...
  18. M

    Equity Derivatives Trader $200k base + bonus

    Not to discourage you or anything, but good luck!! These types of jobs I see posted all the time. They are notoriously difficult if not impossible to get. I have a friend who has a Phd in physics, decent programming skills, but little to no finance knowledge. After about 6months of interviewing...
  19. M

    Something to Think about - 2003

    Ironically, 2004 I did better than 2003. Maybe cuz I've grown tremendously as a trader. And 2004 is more of a daytrader market. Lots of intraday action. 2003, all you did was buy and hold and probably did better than most traders. Even including prof. hf using all their fancy mathematical "stat...
  20. M

    Something to Think about - 2003

    does it really matter that it's inflationary or not? you just want to ride it on the way up. making $ is the only bottomline in trading.
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