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  1. W

    To Throw in the Towel or Not to Throw in the Towel

    "What I don't understand is why can't you just take those rules and program them and see how the rules do on historic information." That is what you are doing while you are watching the market - processing rules in your head and filtering them based on your experience and what is happening at...
  2. W

    Anybody insider-trade SLM on Friday?

    Don't worry - we have the SEC as defender of the level playing field!!! :D
  3. W

    Anybody insider-trade SLM on Friday?

    Don't worry - you can pay a fine if caught and admit no wrongdoing! :p
  4. W

    Bartiromo's private flight with Thomson cost Citigroup $50k?

    Cotton-candy "journalism". Melts to the touch and a diversion, not a meal. What of value have they actually "reported"?
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    How do you know if you're making **Progress**

    "So how do you know if you're making progress or not if you can't judge by the P/L #s alone?" I think this is a specious conclusion because you are taking a fixed point in time (now) and asking about progress (a changing condition over time). Jesse Livermore was extremely successful - up...
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    How do you think?

    "Mark Douglas says that the line between successful traders and unsuccessful traders is in how they think." Not sure what this means. It is a phrase that doesn't say anything. If you have an edge you can exploit, you are thinking of maximizing that edge. If you don't have an edge, all...
  7. W

    Amaranth's Brian Hunter to launch new Hedge Fund

    Seems to me these backers have a Martingale betting mentality - they are assuming his prior losses with OPM (I'm assuming those who lost in his other attempts are not returning to give him more money) means he is due for a big swing in the opposite direction (profit) and they want to be...
  8. W

    What is high/ low volume really?

    Everything is relative. Compared to what - it's 20 day avg volume? Is GOOG expensive? Relative to SUNW or Berkshire Hathaway? No context, no answer.
  9. W

    Amaranth's Brian Hunter to launch new Hedge Fund

    "I'll never understand people that say trading for yourself is better than managing OPM.. you cant go broke managing OPM. Sounds like a risk free opportunity to me, only hard part is raising money. You lose your investors money... oh well shit happens. (As I drive home in my ferrari)"...
  10. W

    Gotta love ZERO RISK in the SP500 = $$$

    "You'd think that a $13B company would have a computer system that can keep up, or even have one that's over-engineered to handle double or triple the maximum volume they expect." Maybe the money to pay for that went to Grasso.... All they could afford after that was a guy with an abacus. :p
  11. W

    Candlestick Strategies backtested

    "If you take into account, different data provider, charting sofware"...etc Definitely true. You should always cross check your charts of the same day/instrument/timeframe charts with others you know at EOD to spot-check each other's QOS - especially with others using the same vendor. I've...
  12. W

    E-Trade stops at least $.10 away?

    I'm thinking of telling my brother-in-law to switch brokers. With shares trading with penny spreads I don't see the purpose to force a .10 spread against yourself. Isn't it all automated in fast computer transaction anyway? It's not like sending an e-mail where the price can move a lot before...
  13. W

    E-Trade stops at least $.10 away?

    My brother-in-law has an E-Trade account and tells me that when he puts a stoploss amount in, it says that is must be at least 10 cents away from the current price. 10 cents isn't much I guess unless maybe you are either trading big lots or penny-size stuff, but shouldn't they just say that...
  14. W

    ***Easy Money***

    Very nice. But the higher the timeframe , the larger the stop has to be, so the money management is the crux of the trade.
  15. W

    Is It Just Me...

    There are certainly some who could be classified as "A-Holes", but that would be true of the general population in any other profession, so maybe there are not more than average, just vocal ones. I think some on this board have been very generous in their time and information. But that is...
  16. W

    what happened with ER2 today?

    Nice pic! ER hanging in at the moment...
  17. W

    Why do people use Volume, Range and Tic charts?

    I would also like to thank ProfLogic for his wisdom. It reaches the high-water mark as both instructive and constructive.
  18. W

    Seeking Mentor

    Seems there are plenty of trading websites offering mentoring. They are under the "seminars" headings. They are not free, but that was not a condition of your request. So there is plenty to choose from. In the "free" category, there is the info posted on this site and others. You have...
  19. W

    (How To) Hire A Programmer?What Precautions?

    The thought that goes into the design up-front is critical. Too often non-programmers don't express themselves with enough clarity to make the development worthwhile. As a hired-gun it isn't bad, as this just adds time and cost to the project which presumably you are being paid by-the-hour to...
  20. W

    (How To) Hire A Programmer?What Precautions?

    I agree - it is best to have someone you know and trust to program or assist in programming your idea(s). If he/she has an interest in what you are doing and they don't mind doing it, it works. But if they don't care about the subject matter, you'll have to compensate them financially for...
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