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There is absolutely no comparison. Live poker on the pro level is, ultimately, a psychological battle... And requires world class mental toughness... Roughly comparable to what Michael Jordan or Tom Brady developed... Something that most people simply do not have. Trading on the other...

The sheer idiocy of this thread... Illustrates perfectly why... No successful trader would ever post valuable information. "Do not throw your pearls before swine".

Successful pro trader for 15 years... Break even online player at low end NLHE SNGs. (1) Precise strategies for winning poker are all public domain... Easy to find... just go to 2+2... But very, very difficult to master at Pro Level... Require at least 2 years = 5,000 hours quality...

The same people... That were selling you worthless gold stocks 20 years ago... Are selling you worthless "hedge funds" today. Except the con today... Is easier and more respectable. Human nature never changes... In fact, today's pop culture virtually eliminates critical analysis...

imo... A better way to put it... Is that 90% of hedge funds have zero chance of outperforming the market... Except by sheer luck. And here is the point you are all missing. ** This is by design. ** Most operators UNDERSTAND that they are structuring a "skimming operation"... Whereby...

You mean that you still actually think... That tick-by-tick pattern analysis has value? Maybe when the world had 1/8 or 1/16 ticks... But today... So many small trades and bids/offers are just black boxes doing crazy things... Tick-by-tick data is totally CORRUPT. Snapshots would be...

IB's API has shortcomings... That require creative programming to overcome. There are ** many ** IB API front ends out there... Take your pick.

Excellent post. I used to be a pro sports bettor in Las Vegas... And sports betting lines are FAR more efficient... Then pricing on the NYSE. Sports bettors/bookies and poker players... Understand their Zero Sum Game mathematics... Waaaay better than the "traders" represented here...

Determining whether FAR out-of-the-money options... Have been mispriced the last 20 years... Is TRIVIAL. I could do it in one weekend... But so could every serious option trading operation in the world... So it pointless. Taleb could provide the numbers... In 1% of the time it took to...

(1) IB can uses ANY criteria they like to classify you as a "professional". For example, opening an "institutional" account. (2) IB makes ZERO dollars on the exchange fees... It costs them money to give you free quotes. (3) There are dozens of quote vendors that may chose to classify...

Taleb has never said that ANYTHING is predictable... Only that unlikely events happen more often... Than experienced, professional option market makers with advanced degrees... Running state-of-the-art computers predict with their pricing of far out-of-the-money options. His basic money...

You REFUSE to apply even the most basic critical analysis to Taleb... 100% of your posts are hearsay and rumors or Taleb promotional talking points. (1) Taleb's investment results are not public... for whatever reason. (If public... just give me a link). (2) Therefore, like > 90% of...

A professional or small trading firm... Would use IB's TWS as an order entry platform ONLY... And subscribe to professional quality quotes separately... And have a LOT of custom trading infrastructure on a network. I am shocked... That you actually think one can run a serious trading...

If you cannot answer this question... Then you are at the level... Of a dude that dropped out of freshman stats in the first semester at age 18. Why should anyone take you seriously? You should not even be trading your own money. Pros will just take it away... if you insist on playing.

Stocks do not revert to a "mean"... This is statistically bogus TA type thinking. But stocks MAY revert to a medium term historical ratio... ** Set by an efficient market **... Versus another stock or index or universe.

Back-testing "TA techniques" is trivial. (1) Promoters don't bother because they will sell you ANYTHING. (2) Users NEED to have their delusions... As opposed to actually doing hard work in the real world. And the sort of people with the skills to debunk TA... Can debunk TA with...

Also... The ** psychological makeup ** of a Pro Trader and a Real Estate Investor... Are 100% opposite and incompatible. You can be very successful at one or the other... not both. If everyone bought property INSTEAD of capitalizing a small business... The economy would grind to a...

You and your kin live a Simple Life. It's never about "investing the difference"... Since NO "investment" will EVER outperform leveraged real estate. The choice is usually very different. It is: (A) Capitalize a business that will give you wealth and FREEDOM. (B) Lock yourself...

That's right. IB has chronic, simple SERVER RELATED problems... Such as a specific account that will not connect for one hour... While all your other accounts connect fine. Customer support... Then tells you that they have never heard of this happening... And that you are the only...

This is 2007. Simple tax loopholes were all closed long ago. Always assume the above to start. Keeping the above in mind... An individual CANNOT pay significantly less taxes simply by incorporating. But... There is the definite benefit... That one can defer and smooth out income over...